The pros sold the news pump earlier this week as Simpec was always overdue for a large contract win. Then the price pulls back as stuck retailers sell out and WSI consolidates until the next pump.
WSI is now the cheapest profitable listed company in the sector IMO.
Based on recent M&A (NWH buying PGX case in point) a takeover offer of 3.5-4c wouldn't surprise me at all.
Otherwise, WSI may have to wait 6-18 months for a re-rate on dividends as management are very poor at investor relations and fail to attract any institutional interest.
Ann: SIMPEC awarded $13M in new work, including $9M FQM contract, page-50
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $12.36M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $5.25K | 50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 173305 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 102736 | 2 |
View Market Depth
| Last trade - 15.30pm 18/11/2024 (20 minute delay) ? |
| WSI (ASX) Chart |