WAB 0.00% 7.3¢ wallace absolute return limited

wab nta stable now

  1. 6,716 Posts.
    If richard wallace is to be believed, WAB did not lose any money in the past few weeks.

    Its shares are worth about 72c each ( including a dubious 14c of future tax benefits ), so say 58c each.

    Traded yesterday at 14.5 cents.

    Most of its investments are now in unlisted securities.

    The big catch with WAB, is that more than half of the company's money is now invested in unsecured loans to a two-bit second hand computer store run by Wallace's mates. Who knows if these loans will ever be repaid?

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