I do not at present own any but I think your timing would be correct.Expanding companies need extra cash to finnance higher sales Just the right time to buyin.
Printable View
just had a thought .... maybe these super efficient super quiet motors are the ones being installed in the cheating professional bike riders bike
......need a hell of an extension cord winner!
Another month, another presentation...
Always a worry when they present their outlook as a quote from their earlier (AGM) commentary... does that mean "we're no longer confident about saying this in real time, but we're not on the ropes yet"?Quote:
“The Directors will continue to seek to take Wellington to profitability
without further equity capital raising. The Company is currently
forecasting that this will be achieved but there is a low level of buffer for
unexpected events.”
AGM Commentary
Business case remains promising, but, as usual, the obstacles to profitability just keep coming (component shortages and forex rates)
...but the most imortant point of the presentation shud not be lost........ THEY NOW (for the first time since 1998) HAVE MORE ORDERS ON THEIR BOOKS THAN THEY CAN FILL.......WOW.....now that's a business I want (have) a part of......they are also hinting (quiet confidence?) at coming into profit soon.......cud now happen sooner than later?
........maybe another Chinese takover/takeout?? .....gotta be a steal for some cashed up electronics co. out there wanting a bargain with all the years of hard work now completed and maiden profits around the corner.
I re-read the presentation several times and... nope, couldn't find that bit... actually thought there was less of the "break even" talk than we've seen in previous years. A few numbers based on what they had to say in the "financials" slide and still can't see them getting through the year without a loss of about $8m... maybe $5m loss in first half? Will be interesting to see. For now, I'd guess 2012 for first profit.
(Note: Percy will be rolling his eyes to find they are "well-positioned" at the last slide!)
More orders than they can fill - consistent with their problems sourcing components (I don't recall Apple having same problems with iPhone or iPad) - could be interpreted as bad mgmt.
A takeover if/when they reach break-even has been in the back of my mind for a while. Their patents must start running out within a few years. Can just see the existing directors doing the sales job to shareholders for their two pieces of silver. 20cps towards the end of the year?
I continue to be disappointed, but not surprised, that they don't provide more regular (quarterly?) sales figures during the year, and leave their half yearly announcements until almost as late as possible.