WLD 2.99% 6.9¢ wellard limited

DDMHC you are very well informed on the industry, but to play...

  1. 1,456 Posts.
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    DDMHC you are very well informed on the industry, but to play the devil's advocate to your optimism, there's still the Mauro issue: that is, is he or isn't he on the team? To be more precise, why would the company write a 12 month non~compete clause into his contract when he remains a substantial shareholder?; not logical. The media informed us he has sold all his Australian land, so it is possible he is cashed up, too. Imho it is uncertainties like these on top of other issues (working capital/debt covenants/lack of progress on China) which is what is holding the stock back for now. The market does not trust WLD. If things were rosy, surely insiders would be buying? This at this point is still for the very brave imho. On the other hand, if sentiment turns, well ...

    As always, dyor~
    Last edited by sapporo: 20/06/18
 
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