Brace yourselves for more bad news. This company was close to going under a few years ago, if not for Standard Chartered who bank rolled them, they would have gone under. The Company was put up for sale but no takers. At the the time attempts were made to find a buyer but no takers. Along came the Investment bankers and they managed to float the company and reward the WHG group with a big pay day. Standard Chartered holds 6.25% of the stock, don't be surprised if they are not out there trying to also sell there holding. This information is in an article titled "Bankers set to spruik Wellard". I am a shareholder and they have had some major issues since listing and some of it, is out of their control. Moving forward, the question is whether the company reputation and credibility can be restored.
WLD Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
