It’s very comfortable buying down here, about as low risk FA for a rerate as you can get.
by way of comparison EGL I bought some in the 3c range back when was $9/10m market cap in dec 20 (sold too early). it has 5 bagged since then to 17c
EGL dec 20 was virtually no cash and $40m revenue versus $10m market cap (v similar EV). Now 5 bags later in less than 12 months trading on $47m market cap to $46m revenue so 1-2-1
they are both very similar Australian based engineering companies. Similar works profile, similar client base. EGL only real difference is they have a PFAS tech they have started to exploit.
WSI at $23m market cap and $13m cash has the same EV as EGL before it’s rerate but 5x the revenue book for 2022
$220m revenue for a company of this size is ridiculous when more than half of their market cap is cash backed and they have a 600m pipeline of further bidded work
@Access2020 just a tag. try looking at the numbers on this WSI summarised above
5 bags to 12c would still be market cap 1/2 revenue without any further wins which still is a 50% ratio discount to EGL current trading post it’s rerate
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.30M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $13.62K | 104.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 205382 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 205382 | 0.130 |
2 | 130000 | 0.125 |
2 | 66038 | 0.120 |
1 | 32991 | 0.115 |
1 | 10000 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 25000 | 1 |
0.140 | 150859 | 1 |
0.145 | 41230 | 2 |
0.190 | 95578 | 1 |
0.000 | 0 | 0 |
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