WSI 0.00% 11.5¢ weststar industrial limited

Ann: Half Yearly Accounts, page-9

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  1. 367 Posts.
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    Although agreed communication is questionable, and a dismal 2HFY23 soured the books and punters, this 1HFY24 is good, right? what numbers are you specifically not happy about?

    Although new to WSI forum, I personally see resemblance of PGX in 2020, Stock took a terrible hit with a single, large contract (Wartsila) and lack of shareholder clarity, resulting in a subsequent drop from 40c to 14c in a month (Feb 2020 to March 2020). Followed by a period of hesitant capital appreciation over the remainder of the year before being bought out for 60c by NWH (circa $100m). PGX Financials and product difersifcation at the time, and leading up to, were arguably less impressive than WSI.

    Not saying this will repeat here, but when you are buying this level of stock @ circa MCAP of $14M you gamble on the bigger picture in lieu of some of come-to-expect basics (e.g clear communication).
 
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