PeterCook: We live in an unfortunate world where quarter to quarter performance is a proxy for value and that is a short-term trading mentality. We remain fully focussed on the creation of inherent value and long-term wealth for our shareholders. We are now starting to come out of a heavy investment phase so we will soon go from a phase of re-investing our cash to aggregating cash. At this stage investors want to see free cash flow rather than wealth creation.
When the market sees we are a strong cash generator we should re-rate to values reflected by our industry peers. That's fast approaching.
*11 Dec 2018 the same Director backed his own outlook and purchased $358,000 for 400,000 shares in WGX. Fair statement I would have thought.
WGX Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
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