Profit margin is low and operating cash flows were negative, but they have $20 million in contract assets for work already done, but not yet billed.
So cash flow in the next period will benefit in a major way.
While they have near $20 million in cash holdings I assume they need to hold cash against the $10 million bond facility?
I find it odd they do not indicate the size of the order book.
I do not agree with LD99 that interest rates are a danger. The risk is inflation and that contracts will have cost overruns.
A good example is Aerison (AE1) which has just generated (unexpected) losses on a number of contracts where there were cost overruns.
You either need to be very good at writing contracts and/or have a healthy profit margin. That leaves me cautious about investing in WSI.
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13.0¢ |
Change
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Mkt cap ! $15.30M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $3.53K | 27.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 65849 | 13.0¢ |
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Price($) | Vol. | No. |
---|---|---|
13.5¢ | 4143 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65849 | 0.130 |
1 | 50000 | 0.125 |
1 | 80000 | 0.120 |
1 | 14000 | 0.115 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 4143 | 1 |
0.140 | 231878 | 4 |
0.145 | 47000 | 2 |
0.150 | 100000 | 1 |
0.155 | 45570 | 1 |
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