All I know is that profit and dividend aren’t part of Wellington’s vocabulary .....and never been part of company DNA
But this time it’s different I read on another thread
Looking forward to adding another Wellington Drive Annual Report to my collection - they go back to last century.
Winner if you read your 2019 copy of the annual report on page 18 you find that WDT made a small profit of $448k however I see your point as historically losses were far more common.
I think one should not underestimate the acting chair John McMahon. He is also the Chair of an other small NZX company SDL.
Under his leadership SDL turned around from an loss making non dividend paying sad company to a healthy company growing compounding Equity/Sh around 20% for the last 8 years while paying a respectable app 4% gross dividend. Naturally SDL share price multiplied a few time during this period.
WDT is growing the internet of things part of their business, as Price to Revenue is likely close to 1 this year I think the share price is not expensive and I am not surprised by the SP rise on volume. Possible turnaround story I think.
Ah ha Percy
The past is not always a good predictor of the future
Correct.
But 35 years?
Now.Yes I really do hope it is a turn around.
And I own up to owning WDT 35 odd years ago.Think it had just changed its name to Aorangi,and I had high hopes;
A literal translation of Aorangi leaves one the choice of any of three equivalents— “Light of Heaven,” “World in the Sky,” or “Cloud of Heaven,” each of which is descriptively appropriate. ...[I thought it was "World in the Sky."
Then we went to Wellington Drive,and then Cadac before returning to WDT.Think that is the correct order.
Internet of things and new directors could be right.I note their chart for 3 months is positive.[Very different for any longer period]
Perhaps a change of name back to Aorangi may be in order ?"Cloud of Heaven" would fit with Internet of things.?.
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Originally Posted by kiora
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