WSI Charting, TA and FA, page-33

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11,049 Posts.

843

05/06/21

21:48

Post #: 53671859
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Originally posted by Mr.Gold ↑

I agree... WSI has a proven business structure... they are constantly gaining contracts... the re-rate here will be the Qtrlies... at times the market gets excited when they see "WSI gains $10million contract", it can have a short term jump in SP... however none of us really know the value of these contracts until revealed, obviously due to the expenditure of the outlay for the work rendered...

IMO this is a sleeper stock... not a traders stock at present, WSI has much to prove with the valuations of these contracts... This current QTR should be the teller, there should be some decent revenue made, we will see... there could be some interest on the lead up to the current Qtrly report as there have been claims that the revenue should be rewarding currently... hopefully there will be some interest on the lead up..

I don't own a lot of this stock, to be honest I see it as another slow growth stock, but eventually a re-rate will come if they prove up the profits after Capital and operational expenditure...

IMO this is still undervalued at only $15milliom market cap... should be sitting around 3cents IMO... but hey, the market is vulnerable at present, if the stock isn't moving and trading, it gets sold off... we live in strange times, its all about churn, interest, exposure... sleepy stocks like this do usually have their day in the sun... though I trade a lot, I have a couple of sleepers always in my portfolio, always have, I have found that they can sit there for 6-12months, but the one day they do re-rate its usually huge... we will just have to see here... Im in the red on this one currently... did pick up a few recently at 1.5 to average down a little... my mind will be made up with the current qtrly... personally I think we should be trading in the mid to high 2's currently, 3cents IMO is true value for this company... my opinion obviously, my stalker may not agree...

best wishes to you and all holders...

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As @ricky99 stated. WSI are not making enough margin.
Basically just paying staff wages. Been the same ever since this Co. Listed. So how will growth ever eventuate....
Main reason why all the bigger holders have always sold down and continue to do so

WSI Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
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