Well, the market certainly liked the quarterly! Looks like just like last July most punters only judge based on the operating cash flow figure for one quarter which seems a bit foolish.
+The cash flow is positive, plenty of cash so no CR risk and less chance of needing to use the extra finance facility.
+Profitable subsidiary accounts (profit is all that matters in this game IMO and I couldn't care less about the short-term cash movements).
+Synergies and cost savings with Alltype integration now boosting the financials.
+Very strong tendering activity which should be rewarded in the coming months with contract wins.
-The receipts from customers this quarter confirms a negative trend despite the Alltype acquisition ($14M, $15.4M, $12M and now $12.2M) which is concerning and doesn't exactly reflect a growing business.
-No forward order book figure so assume it to be very weak given only one small $2 million contract has been announced all year.
-The cash flow has been artificially boosted significantly this quarter by the share issues in lieu of salary.
-The unmarketable parcel sale process (closing this week) will likely see many millions (5-10 million perhaps) of shares dumped on market at some point in early August. I have seen this happen on a few other stocks and it's certainly not pretty in the short-term!
I think the market got ahead of itself today so given the share price pumped +100% since the March lows and the sector peers are weak I took the opportunity to reduce my holding for the time being. The extent of contract wins (or lack of) in the coming months is crucial for this business IMO.
- Forums
- ASX - By Stock
- WSI
- Ann: Appendix 4C - quarterly
WSI
weststar industrial limited
Add to My Watchlist
3.33%
!
5.8¢

Ann: Appendix 4C - quarterly, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $7.468M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.8¢ | $1.194K | 20.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 134339 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 89605 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 134339 | 0.058 |
1 | 26000 | 0.057 |
1 | 14000 | 0.044 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 89605 | 1 |
0.062 | 200000 | 1 |
0.064 | 117994 | 1 |
0.068 | 150000 | 1 |
0.069 | 191436 | 1 |
Last trade - 10.14am 18/07/2025 (20 minute delay) ? |
Featured News
WSI (ASX) Chart |