Onion, As you well know now that they are on a profit profile they could be having a tax free business for the next 10 + years, that in my book is better than a slow death that we could have been witnessing !
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Note that in the forecast accompanying the latest market update that has everyone so excited, they carefully avoided to predict a profit in 2019. "EBITDA, Net Profit and operating cashflow are expected to be higher in 2019 when compared to 2018." could still mean negative NPAT.
IMO it could be tax incurred and expensed in other territories and not able to be offset against NZ IRD.....but then I'm no CFO.
Of course. I like this cautious approach. Better to under promise and over deliver..... compare this to PEB!!
WDT meeting tomorrow, what are we expecting , anything exciting considering they achieved a pre tax profit of .2 mil their first.
Wow. A profit (hope it is a real one and not an accounting version). The first after 25 years or so. $200,000 - just hope the CEO and BOD do not want an increase because the profit will soon disappear, if so. No need to blame increased international component costs anymore, yippee.
Wdt softening a bit over the last couple of weeks with a dip under $0.2... prob need to give the market a bit of info to keep confidence up... how do we think this one is tracking?...
No need to worry with this one...solid very well run company.... indeed just a lack of news and SP drifts down. See it as a buy opportunity.😋
Maiden interim profit announced. Sounds like a capital raise on the way.
Good result today. Well done WDT.
Revenue for H1 2019 was $33.3m, a 19% increase over H1 2018. The company achieved an EBITDA1 surplus of $2.45m for the period, a 98% increase. EBIT was $1.27m ($0.31m last year) and the net profit was $0.72m, a $0.92m improvement on the prior year.