It was a chart from the IPO in 2015 - so expect Wellard might be around the same position today but anyone at the 20+ year mark would now be sitting close to 25 years old.
My major concern about WLD is the present debt load and the ~$77m in committed capex (1H18 report) in the near future. Not sure how they are going to handle it as yet (shareholders have previously told management a crap raise is out of the question).
No market update, page-20
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