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Wescone Distribution’s W300 crusher, in operation at BHP’s Nelson Point Port. Photo: Wescone Distribution.

Volt launches legal action over Wescone acquisition

Henderson-based Volt Power Group has filed a writ in the Supreme Court of Western Australia against the vendor of Wescone Distribution, a mining equipment manufacturer it acquired in January 2018.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/19

1 year TSR5 year TSR
466thVolt Power Group-33%-24%
583rdDropsuite-47%19%
671stDepartment 13 International-58%-19%
672ndEphraim Resources-58%-19%
786thRewardle Holdings-75%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/01/18
$500k Issued
23/05/17
$0 Issued
17/06/14
$10k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

112th↑Volt Power Group$3.9m
118th↑Department 13 International$2.9m
119th↑Ephraim Resources$2.9m
122nd↓Rewardle Holdings$2.6m
123rd↑Dropsuite$2.6m
228 listed industrial companies ranked by revenue.
Source: Morningstar

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