Legume I agree with you last paragraph whole heartedly.
My point re the new Chairman is that he came up with a plan & has been following it. Obviously it took a while for the results to start occurring but at least the market is agreeing with the strategy of selling down surplus development properties & redeploying the funds to the areas that are income producing - construction & mining services.
WTP has been battered & bruised like all the construction sector especially given that many competitors have gone belly up (Reed, Kell & Rigby etc) I think to be on an up trend is pretty damn good especially with market sentiment for the sector what it is. This is what is impacting the share price rather than implications of further write-offs.
Personally I'm underwater having been in here for a long time but, I'm prepared to give the new leadership team the benefit of the doubt & let them work through their strategy.
WTP Price at posting:
79.0¢ Sentiment: ST Buy Disclosure: Held
