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3.85%

13.5¢ weststar industrial limited

we should just ask them all these questions in the investor...

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BubbaBubbaBubba

72 Posts.

5

01/09/22

10:49

Post #: 63456547
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Originally posted by Bhan: ↑

I believe the bond facilities and bank guarantees are used to cover retentions, still money owing to the company but held as insurance by clients for 12 months after practical completion, this is common, I do it myself, as at 10% retention you have a lot of cash owed to you being held up, the iron bridge contract may have more then $10 million in retentions at completion. If you can continue operating and not get a bank guarantee it does give you a lovely little boost when it comes back, Anyway let’s see what happens, another $50 million contract will tick a few boxes, but in a materials and labour heavy sector, they have done extremely well compared to many of their peers, plus they are growing, they now have 700 staff, probably on short term contracts for IB so they will need to keep the wheels turning, an update on tender opportunities would be good.

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we should just ask them all these questions in the investor presentation they said they will be doing one

they will surely tell us

WSI Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $15.89M

Open	High	Low	Value	Volume
13.0¢	13.5¢	13.0¢	$25.12K	191.7K

Buyers (Bids)

No.	Vol.	Price($)
2	100372	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	151866	2

View Market Depth

No.	Vol.	Price($)
2	100372	0.130
2	130000	0.125
1	10000	0.120
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.135	151866	2
0.140	194378	3
0.145	47000	2
0.150	100000	1
0.175	101000	1

Last trade - 12.43pm 17/07/2024 (20 minute delay)

WSI (ASX) Chart