Knock me over with a feather. Unbelievable...sp finally back over where I bought in 6 years ago!!!??
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Knock me over with a feather. Unbelievable...sp finally back over where I bought in 6 years ago!!!??
Having been an investor a " very " long time ago as was percy, and having scoffed at investors ( MM I think and Anna Naum ) since I sold at a lose.. Picked WDT in this years Comp.
Have decided. That not having had any loses for quite some time. To throw a few shekels at WDT. NOT MANY ..
Just to give myself a zing when leading percy.. Have a feeling in my water :-))
Definitely not ramping this extremely old DOG...
DYOR.. Holding a few for the fun of it ...
up 20%. disastrous for 6 years holding but now doing much better than my other dog. Quietly happy as blue sky looking good from here....
You CAN teach an old dog new tricks. Go you good thing, go! Another good result or two.....
Another decent rise today, and a research report which makes a solid case for further value. Nice
Nice announcement today..... see it here. 30% increase in revenue v Q1 2016 and a 552% increase in EBITDA.
DYOR
One of my biggest regrets was cancelling a buy order for WDT 6 months ago...
Disputing if it may now be over valued and at risk of being a bit of a bull trap for me if I were to get in now.
I attended the AGM.
One issue that was raised was wether there would be another call on the shareholders when the Super Life loan comes due this year. The top table said the directors were considering their options.
Long term shareholders will receive this news with a feeling of dread but take heart with share price revival the issue will be less deeply discounted.
Boop boop de do
Marilyn
PS. After meeting tea and biscuits report. Pretty ordinary but that is as it should be for a company that does not pay a dividend.
Love seeing that kind of EBIT growth, margins are looking better
NZD looks like it is set to strengthen against the USD in the coming years, this will also impede on their revenue.
The golden rule - never buy a stock that doesn't turn a profit. I am keeping an eye on WDT nonetheless.
Things looking good at the moment. Finally management is on its game
Yep WDT not for all investors. Definitely in the riskier part of my portfolio (and I've only taken a small punt.) That said, if we all invested in your 'never buy a stock that doesn't turn a profit' criteria, no one would have purchased ATM or XRO etc. etc.
Look at HLG which many people here were advocating.... making a profit.... paying dividends.... but the trend??
Key criteria IMHO is "The trend is your friend."
I like 'turnaround' stories and so far WDT is looking like one of these. However we need caution about M Monroe's warning that the stock is being 'window dressed' for a possible capital raise.... Time will tell. DYOR.
I am amazed that there are people who still invest in this company after all the years of bull and rubbish. I guarantee that the money tied up in this would give a much better return and possibly more profit placed on horses with the TAB. It's also a lot more fun. Back second favourites in every race or like my wife, take horses that you like the name of.
The fantastic return over the past 2 years, most probably means a person who has held this stock for 20 years or so, has only lost 94% of their capital, rather tham 99.9%,give or take a few %.,while an investment in EBO would have shown about a 1,000% .
Think I will stick with EBO.??.lol.
Hahahaa.. So very true Perc... But " we " knowing so much then... Cashed up what we could and put it down to hard a earned lesson in the education of making Moneeee. :-)))))))
How ever.. As you know.. I have been tempted by the Siren songs of " profit " again ...
To sail the Argonaut once more in search of the Golden Fleece..
Disc. Very. Very, minor toe in the water on this one..
DYOR.
Forget EBO, no one here cares about that Percy. I think WDT First Listed: 28 Feb 2001 (not 20 years ago) and the SP has been a disaster for sure. Listing around .45 and peaking at .52 three years later, that was the height of success. Not sure where you get the 94% and near 100% loses, but since the peaks it's been pretty shabby except for the traders. Anyway, I've probably missed a few share consolidations which you can correct me on.
But dismissing a 1000% rise in two years from the May 2015 lows seems pretty glib, did you lose some money on WDT or are you just taking a poke at it for a bit of fun, or to promote one of your stocks EBO?