Is Welli actually Hadhari Cattle Industry ?As I reflect upon the statements made by Dr. Rashid Tang Abdullah of Welli and Hadhari Cattle since May, I cannot but be amused to think he was talking about Welli and Hadhari as if they are synonymous-the same company. Maybe it is de jure. In his mind's mind, Rashid knows that they are ONE or about to become one. On its own, Welli is a big fat nada ZERO! Directionless-going no where and worse of all-prospectless. With Hadhari as lead rider , it is a strong bull and big things are for the taking-the world Halal hub in its vision. Something they are already smack right in it and to boot, with the blessings of the Malayian leadership. A new reality dawns for Welli as it will takes on the guise of Hadhari in its steps.
Undoubtedly, it is veering towards that. Hadhari is helping the new owners of Welli by buying off another minority seller, a chunky 19% to help strengthen their stranglehold on management.
The collection of Welli shares that started just before the sub-prime dam burst, is evidential that something is in the air for Welli. Perhaps an announcement that may put Welli back on the investors' radar. Of, course it was not to be as every one ran for cover when the sub-prime holocaust hit. But confidence did not ebb even though Welli hit pay dirt at 87 sen. It then rose as high as RM1.20 and then it settled down to above RM1.00. Today it is floating at the 95 sen level. The collection however continues.
Lots of 50-100 are quite common trade in spite of the bearish market. The only possible news on the horizon is the release of their 2006 Annual Report and possibly that of a first quarterly report for the current year. Will the quarterly report provide something profitably fresh for the mind of the investor to seize upon?
Or is it something bigger looming on the horizon as the dusts settles in Mongolia and Malaysia? Time will tell.
Heartsong
Undoubtedly, it is veering towards that. Hadhari is helping the new owners of Welli by buying off another minority seller, a chunky 19% to help strengthen their stranglehold on management.
The collection of Welli shares that started just before the sub-prime dam burst, is evidential that something is in the air for Welli. Perhaps an announcement that may put Welli back on the investors' radar. Of, course it was not to be as every one ran for cover when the sub-prime holocaust hit. But confidence did not ebb even though Welli hit pay dirt at 87 sen. It then rose as high as RM1.20 and then it settled down to above RM1.00. Today it is floating at the 95 sen level. The collection however continues.
Lots of 50-100 are quite common trade in spite of the bearish market. The only possible news on the horizon is the release of their 2006 Annual Report and possibly that of a first quarterly report for the current year. Will the quarterly report provide something profitably fresh for the mind of the investor to seize upon?
Or is it something bigger looming on the horizon as the dusts settles in Mongolia and Malaysia? Time will tell.
Heartsong
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