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12.0¢ weststar industrial limited

Ann: Preliminary Final Report, page-30

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Steadygrowth

1,009 Posts.

259

31/08/22

21:58

Post #: 63446785
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Originally posted by andrew9484: ↑

The good news. A little bit of volume and chart has turned

the bad news and it’s FA and I don’t do FA well but

where are all the posters calling out 30+ mill cash
they are the ones not to listen to and DYOR

it’s 20 mill
they have 17th mill in trade receivables
minus 29 in trade liabilities.
so that’s 8 mill in my book ,
a company that makes in profit 200k , 1m, 800k + 4M over 4 years does not really have 20mill cash
but FA not my thing

4 mill net 6 ebita profit on 180 mill Rev is rather risky for any cost overuns

they only have 80mill work in hand covering the new work and the carry over, so they need contracts

the ok
4 mill for a 20mc company is not expensive 30mc is perhaps warranted, but risky as per their slim margins

the good,
I repeat the chart
possible 30c target, where there can be expected to be a lot of supply from stake holders.

Expand

You’re forgetting the term deposits of $4.5m so cash is around $13-14m after factoring everything in. Solid results in my view. Definitely justifies a much higher mcap but still think we need to complete IB to get the re-rate we deserve.

WSI Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

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(20min delay)
Last 12.0¢		Change 0.000(0.00%)		Mkt cap ! $14.13M

Open	High	Low	Value	Volume
12.0¢	12.0¢	12.0¢	$5	45

Buyers (Bids)

No.	Vol.	Price($)
1	60000	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	33534	4

View Market Depth

No.	Vol.	Price($)
1	60000	0.115
2	234030	0.110
1	30000	0.105
2	535000	0.100
1	20000	0.099

Price($)	Vol.	No.
0.120	33534	4
0.125	140000	3
0.130	99230	2
0.135	125299	3
0.140	150859	1

Last trade - 11.48am 10/10/2024 (20 minute delay)

WSI (ASX) Chart

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