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13.0¢ weststar industrial limited

Ann: FY22 Growth Plan Investor Presentation, page-9

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LD99

7,032 Posts.

1355

20/10/21

12:41

Post #: 56935930
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Originally posted by Waldo777: ↑

I'm not saying there's definitely a CR, just at least a 50% chance of one.

They have already raised cash recently using their convertible Accuity facility; nobody here does any research though so wouldn't have noticed.

I invest based on probabilities and believe a placement is likely to fund the order book growth.

Have you looked at the balance sheet yet?! The net cash figure is nowhere near $13 million.

I've been burnt so many times over the years with unexpected CRs seemingly coming out of nowhere. Even companies that say 'no CR we have plenty of cash' often do so a few weeks later!!

Even if we assume they have a decent cash balance and that the Iron Bridge contract is cash flow neutral, the other recent contract wins will likely require additional funding to complete. They have done a very good job at securing large contracts on favourable (cash upfront) terms but at some point, either now or soon, the balance sheet will be stretched too far IMO.

If people looked at the annual report (including the notes), they would have a much more balanced view of the company IMO. There are many hidden gems in it - both positive and negative.

Expand

Didn’t you also say there was a 5-10% chance of this quarterly being cashflow positive? Jeez.

WSI Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $15.30M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.0¢	$7.943K	59.99K

Buyers (Bids)

No.	Vol.	Price($)
1	34554	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	45570	1

View Market Depth

No.	Vol.	Price($)
1	34554	0.130
1	50000	0.125
2	90000	0.120
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.135	45570	1
0.140	231878	4
0.145	47000	2
0.150	100000	1
0.175	101000	1

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