WSS working systems solutions limited

double then quadruple ebitda? true?

  1. 69 Posts.
    If anyone follows WSS, what do you make of this statement from "Around the Traps with the Ferret" this morning. It's a pretty big call, but could be worth a punt if true. Would like to get in, chart looks ok, but it is usually a small volume stock?? :

    *****
    Now here's a mission statement shareholders like to hear.
    WORKING SYSTEMS SOLUTIONS (WSS) chief executive Mathew Cherian
    told the annual meeting the "core mission of the company remains to
    continue doubling our earnings over the short-term".
    It achieved $1 million EBITDA in 2004, is targeting a minimum
    $2 million this financial year and expects EBITDA to rise to $4 million
    by June 2006.
    This is because the company has a "four-lane highway for
    growth".
    The $4 million will be achieved "as traffic from the Four-Lane
    growth plan kicks-in".
    Buyers had their motors running and got out on the highway
    yesterday, pushing Working Systems up 0.4c to 7.5c.
    *****
 
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