Yes, I see them after an awfully long wait, as being poised for profitable growth. Happily, so does their CEO! One of few underpriced stocks on NZX IMHO.
Printable View
e good if that was the case
Bit of a worry when they tout 'return to profitability' but in same announcement that they will likely make a loss this year (they say break even at USD0.70 ...hmmm)
The bad luck still continues - latest bit of bad luck being seeing cost and supply chain pressures
Hope global shortage of chips is not going to affect them and be their next bit of bad luck
Hope they appoint a lucky CEO
My morbid fascination with WDT that has lasted 20 year or so continues
No doubt the share price will go to 10 cents soon
Resistance at 9 appears to be wilting, and the chart backs it up nicely. Next resistance?
A big rave about Wellington in the business press
Mentions $100m turnover in 2023
Is being valued as a tech company the catalyst for a decent rise in share price over the next year or so - $100m revenues could mean $1 billion market cap or share price over 2 bucks
Wellington Drive’s journey from manufacturing to tech
https://businessdesk.co.nz/article/o...turing-to-tech
When I see it I believe it. WDT doesn't have exactly a great track record in creating value for shareholders. I was one back in 1999 and can't remember for how long. Also every company I briefly glance at in the IoT sector seems to come with those lofty ambitions that just don't seem to get any traction. Why would I need a fridge with Internet connectivity? Smart light bulbs? Why? Maybe I'm an old man yelling at a cloud but then looking at companies like BUD.ASX makes me very wary in investing in such companies.
A quick look at the website would have taught me that look at commercial solution - my bad. I just have this bad taste in my mouth with this company that in its history has nothing to show for in creating shareholder value. I may have to do more research while this global chip shortage is playing out.