I have not read anywhere that WDS have insurance against litigation. Can somewhere point it out for me as I've looked through the annual report and found nothing.
Also, if they did have insurance, then assuming it would cover any payout, there would be no material effect on the current share price, therefore the litigation would not be holding it back.
I still hold the share for the following reasons:
(1) NTA greater than 50c/share
(2) Receivables exceed payables by 40m+
(3) 80% down on it's 2009 highs (oversold IMO)
(4) Restructuring activities have already taken place to adjust costs to reduced revenue stream
(5) GE Money extended loan facility to 2013
(6) Mining division is continually profitable.
(7) Future outlook on CSG-LNG could improve in the next 6 months.
I have not read anywhere that WDS have insurance against...
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Last
$28.60 |
Change
-0.610(2.09%) |
Mkt cap ! $54.30B | |||
| Open | High | Low | Value | Volume |
| $28.90 | $28.92 | $28.27 | $145.4M | 5.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1139 | $28.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.61 | 9074 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |