Yeh I’m a holder and have been watching this one closely. I’m intending on taking up my rights. The SP is nicely being propped up at the moment to convince all the fence sitters to take up their rights as well. I think they are quite lucky to have Hugh Robertson as a fan (??) who obviously got Bell Potter to support. Would like to see Vaughan Webber purchase a few more shares as well though.
After Tarbey gets his 20m shares, WWM should have about 250m shares on issue for a market cap of about $17m odd. Still seems pretty cheap to me I think.
All in all, I think WWM is a turnaround story. Nobody is going to give a hoot about this stock for a long time, but if Tarbey can continue to generate $3.3m EBITDA and grow that down the track, then WWM could have a good future ahead for itself. I definitely like the idea of branding WWM with C21.
What’s your thoughts on the revenue stability of the property management side of the business? You have any other comments?
James
WWM Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
