On pure balance sheet as it sits today you are 100% correct. Valuation is probably $1M - $2m
Based on :
- Strategic Investor (Mason) investing $80m to secure Australia’s largest IF producing factory
- Raw material supply secured to service close to infinite supply + or -,
- Strategic Investor ( Mason ) investing several 100’s of million to secure retail chain in China to sell WHA IF
- CFDA approval imminent ( it is a formality).
Then yes $300- $350m is understandable and the market has factored that in accordingly.
Putting aside channel partner arrangements in 8 other countries including Australia.
To build that channel , or partner up to purchase it as they have , it will cost you a minimum $500m. (Acquisition of factury, retail chain alone).
Factor in capacity to sell 20m tins of IF per annum through this channel , (they have the capacity and the agreements locked in ) then yes current valuation is “understandable”.
Execution of sales over the next 3-4 qtrs will see a valuation 10- 20 fold where it is today.
The only question I have is : will they execute on sales ?
Answer : it’s not overly difficult to fill tins with IF powder to supply your secured channel.
I fortunately or unfortunately know management far too well. They deserve the money they are all paid and will execute accordingly.
SP of $30 and valuation of 5-6 Billion is 24 - 48 months away.
Will the SP fluctuate violently between now and then ? Yes.
If you’re in it for the long haul 3-4 years - you will retire on a significant investment made today.
I hold roughly 300,000 shares and won’t be selling any of them within the next 5 years.
Yes traders can trade this stock all day long, there will be the opportunity to do so. WHA will be a top 5 Australian IF supplier to China ( or do you honestly believe Mason have invested $500 million in building and securing the channel for no good reason ?) - local sales are insignificant.
Good luck to all current and future holders
WR
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $38.69M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 3.0¢ | $19.79K | 649.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 210736 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 332497 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 210736 | 0.030 |
2 | 2348000 | 0.029 |
4 | 1223886 | 0.028 |
2 | 62053 | 0.027 |
4 | 733186 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 332497 | 1 |
0.032 | 1625000 | 3 |
0.033 | 1280000 | 2 |
0.034 | 500000 | 1 |
0.035 | 25538 | 3 |
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