I do not think the use of the word "invested" is right in the context of WDT.
Maybe the correct word would be "donating."?
Printable View
Precisely, Percy.
Plus $530,000 from the directors, management and staff amount to ?
The last time I had a good look at the ARs, directors and management were paying themselves very generously to 'run' this dog :
2013 - $1.11m for top 4 executives ($460,00 for CEO)
2014 - $1.43m for top 5 executives ($490,000 for CEO)
Got to keep that going, eh? Even if it means tipping in some money to keep the illusion going.
$35,000 turnover on Friday.. seems odd considering how quiet this stock has been..
Increased confidence due to the kiwi dollar falling?
Didn't they mention break even on their Xeroesque sales growth the other day?
That reason enough for punters to feel happy
So up to 10 cents.....anyone want to venture as to why? The last update in Nov seemed good but why the jump from 7 to 10 cents on no news....or have I missed something....
Another solid year for Wellington Drive
Cumulative losses are now $109.6m
I note CEO and his direct reports pay came to $1.6m
Yeah, I see your point of view, Winner. But I've still got a lot of admiration for these guys.
Reading the annual report (full version came out yesterday) does show a pretty smart company. https://www.nzx.com/files/attachments/232390.pdf
I've followed this company for a few years now, and there seem to me to be three main points about it. Firstly, they sell smart products into a big market. Secondly, it's a big market so economies of scale are important for success, which their competitors probably have. Thirdly, it's a fickle market because companies can easily defer expenditure on coolers if things get tough.
As I read it, when the new CEO came in in 2011 he immediately made clear that he was about addressing the economies of scale full on, continuing to push the company for innovations, and making sure the sales force was a big part of the plan always. That is, he embraced all three points strongly and continuously.
The aim would seem to be to sell smarter products AND be able to address the economies of scale of the competitors AND be well represented in the marketplace. That would seem to be a pretty good place to be. I don't suppose the competitors are sitting still either though. And it still takes a long time to build up a reputation in the marketplace, even with good products, as shown by others such as ATM, BLT, PEB etc
They even talked of a possible positive EBITDA this year, although understandably very hedged in ifs. Forecasting anything in today's turbulent world is pretty tough.
Of course, that's just my reading of things. Obviously I could be missing things. DYOR.
Anyway, I've got a few of these tucked in the corner. They certainly deserve success anyway. Hope they get it.
Might have dust off the bottom drawer !!!!
This is a certainly a welcome announcement and continues to show the Company is heading in the right direction. They have a great product and it seems they are slowly getting the hang of selling it at a profit. Hopefully demand continues to increase. One would think it should in this world when energy efficiency is becoming more and more necessary. If they can hit their 25% margin goal (over 22% now...) and revenue growth continues there would seem to be a future that doesn't involve shareholders constantly digging in their pockets.
I know this Company has a terrible track record and many who are happy to slag it off, but I think under new leadership the last few years this has grown into a different Company and now has a totally different future than a few years ago. The share price is slowly starting to agree....
......bin locked into this puppy for a few years now. Things may? just be on the up and looking better than ever before but not getting excited yet. Could be a flicker of light there Im seeing......still a bit blurry tho........still, I may just move those certificates up a couple of drawers.....just getting that ??feeling.......fisrt time for many years.
Are these guys finally turning the corner? Still hard to judge. (Pre-EBITDA) profit, which is still a loss, and an acknowledgement they might have to go back to the well... maybe they are, maybe they aren't. These guys have been down in the mud for so long and such a perennial loser but somehow they've survived that maybe, just maybe, their luck will finally turn... Must have some of the longest suffering shareholders of any company in the world.
They have only survived due to newbies..
Percy may remember.. They had this new Fan ( I think it was ) that was going to be used in Refrigerators and American Tanks etc.
America has built many, many tanks and Refrigerators since then...
Where's the Money Honey ????..
I think they maybe Penis relations of Rakon ..