I know its old ground but why is this stock languishing where it currently is, and in fact gone backwards since the 280m contract win.
It beggers belief really. The fundamentals are in the best shape they have been since management cleanout 3 years ago, they've experienced good growth, have a strong order book (as per year end report), have since won the largest contract ever been given to the company, have more than manageable debt, yet we continue to hover around mid 50c.
On a personal level it is almost a dog stock to me. The dividend return isn't worth holding the stock any longer, as there is no s/p growth, and in my view again, it doesn't even look as though it's going to head north.
The space wds are in hasn't been all that active in recent months, what with the pull back in coal mining and the recent floods and wet weather, one wouldn't expect all that great a numbers come end of February, but we'll know in about 2 weeks.
Parky, I'm hoping mate! Lets hope both ajl and wds can make a late charge mate ;)!
WDS Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
