Getting an Insight
It is difficult to get an insight of what WAK is doing. Management style is to supply as little information as possible - a common problem for stocks with a high percentage of the shareholding held by Management. Management and Stanco know what the situation is, but retail shareholders are not told about inconvenient truths.
The March 2023 quarterly update states, "During the quarter, the Company received the largest order in our history from our number one offtaker and substantial shareholder, Stanco". I believe WAK cannot efficaciously produce the specified particle-size distribution (PSD), but I do not recall Management has ever explained the problem in simple words, which leads people like me to guess what the problem is from snippets of information that a typical shareholder does not fully understand.
Payment terms
WAK is substantially an exporter, where the norm is to pay for the goods promptly via letters of credit (LOC). If the exporter meets the conditions of the LOC, it immediately gets the money from the financial institution backing the LOC.
Getting an Insight It is difficult to get an insight of what WAK...
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Last
5.0¢ |
Change
-0.005(9.09%) |
Mkt cap ! $21.18M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.0¢ | $15.13K | 292.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48491 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 64829 | 2 |
View Market Depth
| Last trade - 15.47pm 03/05/2024 (20 minute delay) ? |
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Last
5.2¢ |
Change
-0.005 ( 3.70 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.0¢ | 70720 | ||
| Last updated 13.41pm 03/05/2024 ? | |||||
| WAK (ASX) Chart |