WSI 4.17% 11.5¢ weststar industrial limited

Ann: Appendix 4C - quarterly, page-22

  1. 1,974 Posts.
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    Thought I would look at some quick numbers

    April 19 (after quarterly report):
    Shares on issue approx 500m
    cash on hand $1m
    Debt about $1m
    MC and EV on share price of 2.9c = approx $15m

    There was a capital raising of 120m shares in April

    July 19 (after quarterly report):
    Shares on issue approx 620m
    Cash on hand $10m (Net cash $9m)
    MC on share price 4.6c = $28m
    EV on share price = $19m

    So EV only risingfrom $15m to $19m

    Any price less than 4c would be at a EV less than before this news. Btw, price today did dip briefly below 4c (a price I put in a bid today)
 
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