Yeah I hear what you're saying but my money's still on downward pressure toward the issue price. Happy to be proven wrong but with the US situation how it is I think it's inevitable
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Yeah I hear what you're saying but my money's still on downward pressure toward the issue price. Happy to be proven wrong but with the US situation how it is I think it's inevitable
Guilty as charged .076 yesterday and .075 today. I did sell everything got through the rights offer.
Yes, the SP will trend down close to 5c in the absence of any positive news over the next few weeks and it’d be an opportunity to buy back. This is not dissimilar to SKT, SKC or other recent capital raising initiatives wherein the SP is pegged back due to profit taking.
Disc: hold some in long term portfolio
Yeah kind of agree.
I had a head rush and bought a bunch at 7.5 but I think this is only primed to go toward 5 or 6 cents.
I don't see any good announcements coming. Most Companies are deferring capital spending, so the next few quarters could be bleak.
That said I think they'll survive and long term will do OK, there was some good signs pre covid
Good to see directors with increased skin in this game. Peter Barnes now owning nearly 700,000 shares, Steven Hodgson increased his holding from 7.7m to 10.3m shares.
Add to this East West Manafacturing also showing great confidence in Wellington Drive by taking their share of the company through to 12.8% from 10.3% ( an increase of approx 180m shares)
They must all see value and growth ahead for WDT.
WDT looks to have ground down already in anticipation of today's interim results showing a hit from COVID but with the GM's positive assertion that the company is geared to respond as things improve. General thoughts? I'm considering a small stake to see where this goes... Not currently a holder.
.06 Lowest price for a while will we head any lower ?
A lot will depend on the next update.
Just how badly have sales fallen away.
How long until it recovers.
The potential is this can go lower still.
I think 5-6 cents range.
If the next announcement is bad with no bounce back in sales then sure it'll be lower.
5c capital raise may end up looking expensive in a few months time.
WDT must be the unluckiest company on the NZX -- just as looks like a miracle is about to happen and WDT is going to be great something always comes along to snuff that dream out.
Even the IoT isn't to going to save ....they make a great thing off it but it just keeps them in the game.
Will fortune ever shine on them ...doubt it
History would say you are right W69 and they historically burnt through a lot of shareholder funds
BUT are WDT about to enter a new phase?
It would seem to me there is a real increased need for their products & services
Low E long life motors smart efficient & reliable motors & controls to improve marketing
Remote monitoring with IOT
Just maybe they where turning the corner before Covid struck
Is John Scott about to lead the company ahead?
https://www.wdtl.com/wt9139
Newish cornerstone shareholder East West Manufacturing, LLC increasing its shareholding
http://nzx-prod-s7fsd7f98s.s3-websit...192/327453.pdf
Maybe a bit of symmetry here so I wouldn't write WDT off just yet
Can they get traction again?
SP indicates they aren't but the next announcement could give an indication what lies ahead
I strongly believe it was due for a little re-rate before COVID. COVID has put this into a swamp for a while until things recover. Hard to assess at this current stage imo.
On fundamentals WDT probably 'priced' about right - even though a fair bit of optimism is still built into to the share price
In spite of company hype WDT is still just a low margin manufacturer of engines (they say solutions) mainly refrigeration OEMs - ie just a component. They don't really have any real competitive advantage and performance is impacted by the up and downs of economic cycles. The cost of staying in the game (ie product development) is quite high as well. Revenue growth over time is still single digit so hardly a growth company.
One thing going for WDT as a ticker (rather than a company) is that the share price might (or is due to) go up from here - market sentiment rather than company performance might see some trading gains ...cool chart
Over $100 mill in tax losses so once they hit the big time there is no tax for a decade to come, firstly get into profit !!!
W69
Was "just a low margin manufacturer of engines"
https://stocknessmonster.com/announc...dt.nzx-296214/
2016 competing on price of motors but initiating IOT
2020 38% of revenue from IOT.
https://stocknessmonster.com/announc...dt.nzx-347362/
GP% slowly increasing
Time will tell
https://www.nzx.com/announcements/362040
Hopefully they've turned a corner from here on and march ahead full steam...
Nice announcement and looks good. If more of these interconnected solutions can come into play then maybe they can make some headway but yeah a really unlucky company.