You do realise that many of the recent contract wins have been extensions, ostensibly with at least slightly higher margins?
Also, I think management are smart to grow organically through a low-risk diverse tender strategy. If you start taking on big contracts anywhere near $50 million there’s so much risk it’s not funny and that’s where companies like this can go under if they underquote and/or don’t understand the work involved in fulfilling the tender.
The growth here is exceptionally strong. Last financial year’s revenue is already locked-in for FY20 with 8 months to go. It’s going to be interesting to see how much longer the market undervalues WSI... it may surprise and move up when we least expect it.
You do realise that many of the recent contract wins have been...
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $19.53K | 146.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 119148 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 4149 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WSI (ASX) Chart |