WSI 3.85% 13.5¢ weststar industrial limited

Ann: AGM MD Address and Presentation, page-38

  1. 27 Posts.
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    Good to see its wood duck season and everyone's favorite online investment analyst is back.

    At a guess the next key disclosure out would be the half yearly financial result in Feb - perhaps we get a trading update in Jan also on new contract awards - either way we know the 1H FY23 was on track for strong continued growth in revenue receipts.

    Consistent with Rob's previous statements on capital management we know the timing of a potential dividend is centered around successful completion of the Iron Bridge contract. That remains the largest key risk to a very sizeable balance sheet of company and also the largest potential windfall profit driver for WSI as it delivers its works

    On the last call he disclosed he was in receipt of the EOT and the project is still undergoing completion and first ore this half as per FMG disclosures

    Generally companies report their audited financial result before declaring their firm capital management intentions....

    Im sure board and management as largest stakeholders in a profitable business are keen to see delivery of a maiden dividend. Their's might just be a little larger if you still hold by that time?
    Last edited by SammyDubya: 17/01/23
 
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