ACC are a bit smarter than UBS!
It looks like ACC just bought 7m WDT at 38c to go over the 5% threshold.
Are there any NZ stocks which ACC don't hold?
Saving Generation for the Next Generation
The presentation released today titled "Saving Generation for the Next Generation" didn't contain a lot of new information for anyone who have been following this company and the slow but inevitable trend towards developing ways to waste less electricity rather than just building more power plants to power inefficient products
One point I found interesting is that they are planning on taking their sales team from 20 in December 2007 to a planned 80 by December 2009. Considering how much the original small team (which were much fewer than 20 until quite recently) have achieved with sales and engineering contracts one can only wonder how much a team of 80 can achieve? Clearly the market place is becoming more ready by the day for products of this nature, and WDT have a competitive advantage with the size, weight, quietness, cost and potentially most importantly the fact they can tailor their products to a customers needs. That last point is completely unheard of in this industry.
What is uncertain is will WDT be able to keep up with the demand (they claim they are structuring production and distribution to be very scalable) and much more importantly once they reach the sales volumes they need will they actually be able to make a profit out of their products? They say yes.
Considering the big institutions backing them it seems reasonable to assume us little investors aren't being played for fools. It is also comforting to see the chairman buying up this stock with his own cash over the past year or two. He now owns almost 700,000 of them. That is a pretty big commitment. Maybe he knows more than we do? Or maybe because he is so close the wool has been pulled over his eyes?