WDT - Wellington Drive Technologies

**whatsup** · 20-10-2018, 08:54 AM

Originally Posted by Left field

Market update today......check out NZX

MKTUPDTE: WDT: Wellington 2018 Q3 update

Wellington Drive revenue for Q318 increased 62% and EBITDA improved by $1m.
FY18 guidance maintained.

Wellington Drive (NZX:WDT) achieved a significant improvement for the 3rd
quarter ended 30th September 2018 (Q318) when compared to same period in
2017. With a growing order book going into the fourth quarter, Wellington
also maintains its guidance for FY18.

Don't forget that WDT has over $100,000,000.00 in tax losses, sometime in the very near future they will come in very handy !!

**NeverQuestion** · 20-10-2018, 10:26 AM

Originally Posted by whatsup

Don't forget that WDT has over $100,000,000.00 in tax losses, sometime in the very near future they will come in very handy !!

Can you explain what you mean? Good thing or bad thing? Does that mean they can claim back on a tax loss?

**Lorne Ranger** · 20-10-2018, 11:48 AM

Originally Posted by NeverQuestion

Can you explain what you mean? Good thing or bad thing? Does that mean they can claim back on a tax loss?

If/when the company starts turning an annual profit, they have a large amount of carried over losses to offset against tax liability. A bit like the joy of free heating from the glowing embers of your incinerated house.

**whatsup** · 20-10-2018, 04:09 PM

Originally Posted by NeverQuestion

Can you explain what you mean? Good thing or bad thing? Does that mean they can claim back on a tax loss?

IMHO I think that WDT will not be paying income tax to the Govt for 20-30 years, the hard part will be for WDT to get to reoccurring profit in order to use up these tax losses, its something to contemplate when deciding to invest in this company !!

**bullfrog** · 21-10-2018, 10:45 AM

Originally Posted by Lorne Ranger

If/when the company starts turning an annual profit, they have a large amount of carried over losses to offset against tax liability. A bit like the joy of free heating from the glowing embers of your incinerated house.

Love it! Glowing embers... so these offsets are noted in the annual report? Can’t see them for wdt, noted that the deferred tax assets for erd has doubled to $3.8m. Every cloud...

**winner69** · 21-10-2018, 11:18 AM

Originally Posted by bullfrog

Love it! Glowing embers... so these offsets are noted in the annual report? Can’t see them for wdt, noted that the deferred tax assets for erd has doubled to $3.8m. Every cloud...

All the good stuff is in the Notes ...see 2.5.b re tax losses

Amazing that $123,608,000 can be pumped into a company and that it can go down the gurgler but shareholders can remain so excited.

Cool eh

**bullfrog** · 21-10-2018, 04:18 PM

Originally Posted by winner69

All the good stuff is in the Notes ...see 2.5.b re tax losses

Amazing that $123,608,000 can be pumped into a company and that it can go down the gurgler but shareholders can remain so excited.

Cool eh

Thanks, I was looking at the interim report, $100 million (I always say it like Jeremy Clarkson, no idea why). Not a holder but like watching wdt and the ‘canes.

**GR8DAY** · 29-11-2018, 09:53 AM

Significant milestone announced yesterday with 1,000,000 ECR2 motors now sold......congratulations to Greg Allen and his team. Now about 4or5 yrs of turnaround growth showing. Under Greg's leadership (steady Eddie) could this be the next HLG? All projections now being met and on time. Too soon to start mentioning the "D" word?