Ridiculous sell off .. investor presentation was good impacts well spelled out yet investors don’t like
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Ridiculous sell off .. investor presentation was good impacts well spelled out yet investors don’t like
Everything up on NZX today ...stocks booming
But WDT is diwn
Strong hate for this growing IoT business . China factories back up and running .. no one loves WDT sadly
They've mentioned that "big north american" contract. However I do make note management probably need some training in how to sell their reports, always erring on the side of uncertainty... for example the recent report saying "demand could go up down or sideways!" was not great to read, but I'd rather stick to their current balance sheet which shows clear proof of a turnaround over the last 2-3 years.
I'm an extremely minor holder at the moment having sold out 3/4 of my position following the announcement of warehouse closure about a month ago, but will be high on my watchlist.
Not surprising this news
http://nzx-prod-s7fsd7f98s.s3-websit...822/319826.pdf
Probably take another 20 years to recover
I think they were / may make somewhat solid progress with the IoT side of things but I have to say some of the things management say are extremely strange
but none the less the company isn’t a horrible one but an extremely interesting company on the NZX
I've been looking for an entry point on WDT and have made the jump this morning. They seem well placed to come out the other side of this and I consider them over sold. Time will tell if I have moved too soon, but I'm comfortable with the position I have taken.
.... welcome Jonu to the Bargain Basement WDT club! Crazy buying opportunity for this top shelf company...now holding 250k and may keep topping up. Massive tax credits combined with long-term growth bodes well for future. ....IMHO.