WLD 5.00% 10.5¢ wellard limited

Followed this along because it was like a floating car crash for...

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    Followed this along because it was like a floating car crash for so many years. But with the debt reduced and the business no longer into trading just transport it was pretty cheap. A couple of solid quarters and a nice update at the AGM should see this somewhere in the high teens. Not the world's greatest business, but a bit of earnings stability should re-rate the stock. A pain in the arse trying to shoe horn a position into this thing though.
 
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