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3.70%

13.0¢ weststar industrial limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-46

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grayza84

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05/05/22

08:58

Post #: 61216594
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Originally posted by Oatmilk1: ↑

Agreed, just because they have been paid the cash, doesnt mean they have delivered the goods yet. I have been watching these guys for a while and nearly went bang, go buy some based on the cash in bank v market cap until I looked at the half year balance sheet.

With the cost of materials skyrocketing, depending on how the contracts are written for Iron Bridge that cash could be drawn down + very quickly to deliver the already agreed promised project. I hope they maintained enough contingency and escillation in the estimating of the job. For what I assume was a competitively bid project, I think its hard to expect that the escillation has covered the crazy material price increases. If they have cut there throat to get the job the 1.9c could be worth zilch in no time.

If they deliver it on budget and on time that is a massive tick to the company and I would happily buy them at 3c post execution. At the moment it is way too much risk for reward for me at the moment.

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i believe inflation risk has been discussed on here previously and that FMG tasked with the supply of materials. Labour cost increases would obviously be a risk.

WSI Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.005(3.70%)		Mkt cap ! $15.30M

Open	High	Low	Value	Volume
13.0¢	13.0¢	13.0¢	$3.53K	27.15K

Buyers (Bids)

No.	Vol.	Price($)
2	65849	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	4143	1

View Market Depth

No.	Vol.	Price($)
2	65849	0.130
1	50000	0.125
1	80000	0.120
1	14000	0.115
0	0	0.000

Price($)	Vol.	No.
0.135	4143	1
0.140	231878	4
0.145	47000	2
0.150	100000	1
0.155	45570	1

Last trade - 13.44pm 10/07/2024 (20 minute delay)

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