Ann: Wellington Drive releases its 2016 financial statements, page-3

It seems there aren't many people on this forum aware of WDT (12 months ago 6c). In earlier posts I mentioned IOT (internet of things). Through SCS Connect and now the iProximity collaboration, we are seeing the rise of a new global company, separate from the motor company...watch this space but there are exciting times ahead. Growth in full year 2017/8 I believe will be far greater than this year's (2016/17) 44% growth in revenue just announced (to $35m). Gross, margins continue to increase to a now healthy 24% from a once 7%, NZD/USD cross going in the right direction, offices and/or field staff in all continents rolling out SCS Connect and increasing motor sales, with the latest IOT field trials to begin this year 2017 with resultant cash flow increases that will be derived. It's only a matter of time (maybe 2 years maximum) before this company's shares are no longer measured in cents. All my opinion of course but based on regular attendance at AGM's and conversations with senior management in person and over the phone. The roll out of IOT is happening pretty quickly...this company is on the move.