Searching for credibility3 Dec 2020 12:32
My decision to invest in MWG (now DVRG) was met with snorts of derision from some and a somewhat aloof cry of ‘really??’ from others. You see, these people had already ‘tried’ MWG. “Been there, done that, bought the T.shirt Stu – moved on”.
It seems that MWG was a share that a lot of people had dipped into, a few stayed, many moved on. “Great tech’, they’re all over the world, but company is drifting”.
Undeterred, my research stacked up and I chose to invest. Some of Muggins’ comments do resonate and will send a shiver down the spine of some of the longterm holders, who are maybe still wearing the T.shirt. But we have moved on, and at quite a pace I might add. We are not the perfect company, (yet) but dragging baggage doesn’t help. Learn from your mistakes.
This is still, in my eyes, a company finding its identity and establishing credibility in a huge market, and making a pretty good fist of it. Maybe some of us need to find a new T.shirt.