WSI 0.00% 13.0¢ weststar industrial limited

Classic HotCopper investor... good at pumping and talking up a...

  1. 896 Posts.
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    Classic HotCopper investor... good at pumping and talking up a stock but no idea how to read financial reports.

    How can you determine margins from a quarterly cashflow report?! It's impossible. The only evidence is in the annual report of (adjusting for JobKeeper) negative margins.

    If the balance sheet at 30 June showed lots of contract liabilities and payables, given the quarterly cashflow was positive, the chances of these falling are very low. Regardless, the quarterly doesn't show balance sheet movements in liabilities so you are just blatantly making things up to say 'big dent'.

    WSI may or may not be a great investment from here but most of you prove time and time again that you don't do any extensive research or due diligence.

    Last edited by Waldo777: 20/10/21
 
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