Agreed, they can do what they believe is best with the cash. But...

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18/11/23

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Post #: 70975922
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Originally posted by 1Abobo: ↑

How do you want WHC to do with the surplus retained cash - keep it under the pillow? All companies with surplus cash invest it or return it to share holders. And if it invest in other companies but below the reportable shareholders limit, why should the company broadcast it?
The decision where to invest will depends on each circumstances such as when the company need to use the surplus cash or what the company intention on the surplus cash in the long term.
WHC has a huge cash stockpile and the BHP mines purchase payment terms were IMHO favourable to WHC and does not require any capital raisings. The decision to invest the cash stockpiles in other companies indicate management confidence in maintaining the current positive cashflow from operations in the forseeable future. It should be a positive signpost instead of an alarmist sign post?

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Agreed, they can do what they believe is best with the cash. But why not advertise it.

Maybe now the directors can see why they have had a first strike at the AGM.
Lack of transparency displays arrogance.

I feel a strike 2 maybe next AGM.

WHC Price at posting: $6.74 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.66		Change 0.060(0.91%)		Mkt cap ! $5.552B

Open	High	Low	Value	Volume
$6.62	$6.68	$6.55	$19.92M	3.008M

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No.	Vol.	Price($)
27	18527	$6.66

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Price($)	Vol.	No.
$6.67	22181	26

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No.	Vol.	Price($)
12	13300	6.670
31	42979	6.660
36	54865	6.650
20	34215	6.640
12	46734	6.630

Price($)	Vol.	No.
6.680	43088	23
6.690	31491	13
6.700	29720	13
6.710	44437	11
6.720	50644	9

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WHC (ASX) Chart

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