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  1. #1
    Senior Member
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    Default Wellington Drive Technologies

    Higher than normal volume over the week and an increasing price........interesting

  2. #2
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    Auckland, , New Zealand.
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    Default

    WHOOPEE, One of my doggy shares is coming to life. I was In third place picking this as my first selection last year in the bad share competition. It might be the last death kicks before it kicks out. macdunk

  3. #3
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    Default

    Or like a lot of things, you could be wrong

  4. #4
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    Jul 2002
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    Default

    One can't complain too much about the 20%+ gain from this share in the last few weeks.

  5. #5
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    Dec 2002
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    Default

    Anna, theres a couple of threads already on WDT outling the company. I don't think starting a new one is fooling anyone... woof woof

  6. #6
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    Default

    Well I applied for an extra 200,000 shares! Don't fancy my chances of getting them but worth a crack anyway. I'm hoping that there were heaps of overseas holders that couldn't apply.

  7. #7
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    HUDS, The reason that anna created the new thread was to disguise the rubbish that they wrote on the other thread. If you read the WDT threads from start to finish you will see that the same people have been averaging down still bleating the same message. By starting a new thread we might not notice how stupid they were on the other thread. It makes good reading for new investors. macdunk

  8. #8
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    Default

    Actually I started the new thread because I was sick of reading all the rubbish about this company from people and wanted to point out that the price and volumes were both up, nothing more. Also I note that the rights issue was oversubscribed by 130 odd %.

  9. #9
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    Default

    I think they were over subscribed by 30%.

    "The issue has closed with entitlements and applications for oversubscriptions
    totaling approximately 130% of the maximum shares on offer "

  10. #10
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    Default

    Maths never was my best subject!

  11. #11
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    Default

    Thommo (a doctor of maths)has recently sold his "home" for a rumoured $8.75m

  12. #12
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    chch, , New Zealand.
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    Default

    MacDunk can say what he wants about this company But you have to give the company credit for this - A NZ company selling manufactured goods under licence into the Chinese Market.

    Re: Order Received and Manufacturing/Sales Agreement Reached

    Ugur Refrigeration (Turkey) has placed an additional order for 32,000 AirMoVent commercial refrigeration motors, covering their requirements for March 2006. It is expected that orders for AirMoVent motors from Ugur will continue to be received regularly and that they will also begin to purchase Wellington's high efficiency ECR motors in due course.

    Agreement has also been reached with Changzou Match-Well Electrical Products Company ("Match-Well") of China. Under the agreement, Match-Well obtains rights to manufacture and sell Wellington's new ECR81 motor to customers for commercial refrigeration and other products in the Peoples' Republic of China, and supplies motors to Wellington. Electronics and software for all ECR81 motors, including those sold in China, are supplied to Match-Well by Wellington.

    Match-Well (www.match-well.com) is an established manufacturer of conventional AC motors and other products. They have identified strong demand in China for motors with high efficiency, due to the current shortages of electricity there.

  13. #13
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    Default

    PGL, That is what is good about a forum like this it gives us a wide range of view points to consider in making our investment decisions. Its your money involved not mine, which makes it that you have to be right mine is only an opinion. macdunk

  14. #14
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    Default

    Duncan, your opinion is as good as anyone's and you have every right to it IMHO

    It just occurred to me that this particular news release would give you pause for thought.

    You have told us that we shouldn't invest in NZ manufacturing companies because the Chinese would be more competetive at this (so no FPA for you - fair enough I say)

    You have also told us not to invest in WDT because the chinese will steal the patents and out-compete for the same product (also it seems, the MD "gets paid too much" whatever that means)

    So what do you think of the fact that WDT can sell their technology into the Chinese market and clip the ticket on the way through? - I think that this is pretty cool.

    Cool (and clever, you would have to admit) because the Chinese manufacturer that has sole distribution rights in China will know,and will be able to enforce (in a way that no western company could ever hope to) how to prevent its rights from being ripped off by the Chinese.

    Did you notice how low the volume of rights trading in WDT was - barely 1% of shareholders chose to sell their rights, choosing instead to stump up with the extra cash - are they all fools in your opinion?



  15. #15
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    Default

    PGL, Good to see rational debate for a change on the forum. Nobody is ever right all the time, so we must expect to get it wrong sometimes. When i get it wrong it costs me up to the time it hits my stop loss then I get out regardless of how right I might feel. All good investors never buy in a downtrend, WDT is in a downtrend. All smart investors have a stop loss, WDT hit every stop loss in the book. To trigger the enthusiasm of the gullable come up with a new product, then exploit them for all they are worth. That is the reason that I selected WDT and CER in the bad share competition and was third. The chinese dont recognise patents like we do. The kid next door has a chinese buggy with a motor that is an exact replica of a honda with no names or numbers. Honda parts can be fitted. Remember the old austin engine in the sixties, Datson made a car with the the exact same motor which was just another nail in Austins coffin. WDT have created huge losses for their shareholders, promised the earth and delivered very little. I really would be very surprised if they ever show a profit I think as an investor who cares better prospects else where. macdunk

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