Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, For people without WTC exposure, do you think now is a good time to buy? With the recent ASIC office raid, I would have thought it's premature to invest given the potential for further fallout as a result of the investigation. Regards, Peter
Hi Peter,
The simple reason we haven’t sold our WTC holding is because if we had no position we would indeed be accumulating into the current weakness – “be greedy when others are fearful”. However, on the surface things clearly look poor with ASIC banging on the door:
While further news driven volatility feels likely we believe Richard White will be at the helm of WTC moving forward helping to bed down the recent $US2.1bn acquisition of e2open, if this proves correct WTC trading trading around 40% below its average valuation over recent years appears good risk/reward to us but it may take time.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
