WWG wiseway group limited

Yes. It remains very illiquid.It is frustrating that they do not...

  1. 4,860 Posts.
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    Yes. It remains very illiquid.
    It is frustrating that they do not answer specific questions (even related to the past) because it does not help to understand if today's recovery is sustainable.

    You probably saw that they had very good H1 results driven by a strong rebound of their revenues (+ 54 %) and a large operating leverage.
    The problem is to reconcile this with the fact that they were so far mainly doing fret business to China, of course affected by the diplomatic problems between Australia and China.
    This increase of their revenues (+25 % for the fret business only) may be explained by price increases and/or redirection of their sales to other geographic areas (HK ? Rest of Asia ?).
    It would be great if they are becoming less dependant to China, but I have no element to show it at the moment.
    Last edited by saintex: 12/08/21
 
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