Another cap raise on the cards Percy??
The only vehicles I've seen of theirs down this way has been nice shiny new ones.......
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A lot of [I think Ford Ranger] flash utes,and their equipment is well presented,however it needs to be in use earning,not sitting idle in their yards.
Ran the old Altman Z solvency test over Wastco
Score 0.72 ….probability of financial embarrassment is very high
Ford Rangers don't earn money, or earn as much as a Mitsubishi Triton.
Neither does equipment sitting idle in their yard.
Often it is that anecdotal/on the ground info that is often pretty telling - not the announcements or annual reports spruced up by PR gurus or marketing spinsters. ;)
WCO share price down to 3.8 cents again
Doesn’t seem to be any end in sight of the decline
Maybe they financially embarrassed