WSI 2.04% 12.5¢ weststar industrial limited

Ann: Preliminary Final Report, page-17

  1. 896 Posts.
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    Well, this report actually exceeded my expectations so kudos to management for a great result. Clearly sold into hard though before it could get going and no big investors willing to buy. Needs support from small instos/funds who see value IMO.

    Alltype didn't hit the profit targets so less dilution which is good. It will be interesting to see if WSI can finally land a decent contract at some stage to fill the FY21 order book.... if they can get some wins it will be a huge de-risk and so could re-rate towards 3 cents or higher.
 
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