I couldn't care less about Beer and Co. What do they have to do with the performance of the current price?
You said this was another pump and dump. Could you provide me with facts please?
Let me share some facts with you about WMC while you worry about how many employees the Broker has that did the IPO.
Shares on Issue 155m
Cash at Bank 53-55m
NPAT $6.3m for 6 months
Sector PE 19
12.6m x 19 = 239.4m
239.4+53 = 292.4m
= 1.89 per share
That's right, just on financials this is worth 1.89 per share not factoring in the expansive growth all over China they are targeting.
35c is cash backing alone.
Now you go back and worry about when the IPO opened while we concentrate on making some money.
WMC Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held