East West Manufacturing LLC is also increasing its holding in WDT. They are in similar business sector; I take that as a positive sign for WDT.
I think the outlook is good, some bumps to negotiate still this year, but overall I am hopeful this old dog will finally become a money maker!
East West Manufacturing LLC is also increasing its holding in WDT. They are in similar business sector; I take that as a positive sign for WDT.....quote EMVEHA
Appears some solid support creeping in now to Wellington Drive.? Gutometer is telling me outlook is rosy and things are on the up. I sold out a year or so ago on a spike but may well look at buying back into this improving story. No rush and a lot of ground for the SP to return to peaks of several years back. If East West are increasing their stake (think they paid 26c for their first installment?) then that can only be a strong endorsement that WDT has turned a corner. Net Profit around the corner.......maybe?
Very sad day for WDT with the untimely death of Dr Ray Thompson , Ray was a long term holder from the 1980's and has been a strong supporter of the WDT family, thoughts to his family at this very sad time.
A sad day, and it's hard to put into words the immense sadness that comes when someone passes before living a long and full life. Thoughts with the family.
Question if I may :
Does anyone see the NZD fall again the USD as Positive for WDT being a tech export company? Or is it all in USD given manufacturing is offshore?
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.
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Originally Posted by emveha
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