Ann: Watpac Awarded $55M Building Contract in Melbourne, page-2

WATPAC - WTP....?

Finally turned up from an 80 cent base?

81.5 just turned into a buy after a very looooooong sideways move.

Bot has just shown first signs of turning from capping to buying.



SP did not flinch one iota in the face of Greece / tax loss selling / China drop.




New projects should be due soon.

Real estate sales news due... with QLD sales volumes improving


Exposed to mining risk with contract work... but at the same time it is picking up customers such as Hanking.... and SIR/Sirrius with recent (and sizable) contracts at the Nova project.



Last WATPAC newsletter dropped a fairly serious hint (perhaps buy-back?).... with this... "With a much improving financial position and strong cash balance, in the context of available near term growth opportunities, the Watpac Board now intends to consider various positive capital management initiatives with the view to enhancing long-term shareholder value".

Please explain......?




Low downside risk? I would like to see $0.90+ over next few weeks from here... needs some news.... due some news. Good news that is.....

Hard to trade daily. A ST / MT buy and hold play.


bsh