WDT - Wellington Drive Technologies

Share price been heading south again.
What's up?
I still wouldn't rule out a capital raise.

The NZSA Auckland Branch company visit to AOF's premises in Appollo Drive, North Shore, earlier in the week was quite well attended, and I noticed Oliver was one attendee on that occasion. These are always enlightening and you usually get an in-person presentation from the CEO and CFO as on this occasion which guides understanding better than just a slideshow or simple read of material in my opinion.

They were commendably upfront in a recent NZX announcement about the risk of breaching one banking covenant, but I inferred that actually isn't a problem currently and I very much doubt it would be apt to attempt a capital raise given the current share price and understood that it isn't under consideration - if that helps?

And I did suggest a 1 for 10 share consolidation but that isn't a priority just now. I was told they had a share register cleanout of around 1800 holders that didn't reach the marketable parcel value threshold a year or so ago.

Quite proud this is a NZ company, even though its manufacturing base is offshore - Vietnam and Mexico mostly.

I don't know how to rename/retitle this thread this thread but that should be someones objective.

AoFrio being touted as next NZX takeover target

Seems Mike Daniel wants out

https://businessdesk.co.nz/article/m...akeover-target
Prob paywall

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Originally Posted by winner69

AoFrio being touted as next NZX takeover target

Seems Mike Daniel wants out

https://businessdesk.co.nz/article/m...akeover-target
Prob paywall

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AFo/WDT was the child of Ray Thompson who championed it in the mid 1980's , so far despite it checkered history and massive financial support from instos, family and diehard share holders it doesnt seen to have cracked it despite its business model and perseverance , so is there someone out there that knows better than history. ( Ive been on board since the mid 90's as I knew Ray.) and wait with much interest along with the poor suffering S Hers. !!

That Mike Daniel pretty good at getting media to start speculating about takeovers ……put a rocket under AOF today

SP has been a rollercoaster.Plenty of upside? Time will tell

https://stocknessmonster.com/charts/aof.nzx/

Did anyone log into todays headsup ?

Inspirational

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Originally Posted by Wai Wai

Inspirational

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What/how come , better than the Blackcaps batting efforts in Wellington?

Very close!

Comment removed.

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Originally Posted by Wai Wai

Inspirational

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The Chair , Mr Scott, clearly thought so too. He topped up quite nicely over last few days.

Really need to crank up the IOT
"Q1 Improved Trading Performance and FY2024 Guidance Maintained"
https://stocknessmonster.com/announc...of.nzx-429947/