Market defines belief, all my small caps - NMT, Widgie, Hannans, Hazer have been decimated too
Reason - financial concerns. As interest rates continue to rise and i believe will raise again in Nov if the Sept QTR CPI surprises. People will offload to cash as they are unsure how these stocks will continue to operate in this market.
Widgie is now 10% below its initial raise - this was 2 years ago as im sure you aware off. Widgie has completely under performed the market for the YTD, just like most small caps, even our big borther has had its SP smashed 80% down since its high in APR 2021 and its an asx300 stock (soon not to be). Financial reasons are my massive concern for this stock. Yes we have some positive anns but how are we going to finance this going forward? Yes im aware of what the Anns say but management will need to deliver on this or the SP will continue to sit below its 2 year listing price and CR's will become harder to underwrite.
WIN Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
