WTP 0.00% 91.0¢ watpac limited

sale of property, page-6

  1. 5,583 Posts.
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    Deansy, that's a bit rich. Chris was put into the chair in March when the share price was over $1. The rise in the share price is IMHO due to it being down too much. Even at 75c, the share price implies a further $40m writeoff to the books. I think I'd rip some heads if that eventuated :/ The current sales also appear to be going through at better prices than assumed in the strategic review. So all in all, profits from the construction and mining services, plus the property sales moving better than expected is helping the share price.

    Jak444, ouch indeed. I've averaged down from $1.10 and have bought a lot more at 60-70c, so slightly ahead atm. But has it been worth the frustration and hair pulling?

    Newsflow and communication to the market has improved but still lacks sufficient detail to keep me sated :)

 
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