WSI 3.85% 13.5¢ weststar industrial limited

Exactly Devils advocate, but everyone seems to be focusing on...

  1. 86 Posts.
    lightbulb Created with Sketch. 27
    Exactly

    Devils advocate, but everyone seems to be focusing on the $145m contract, not the margin. WSI appear to have (a) delivered multiple contracts at $10m plus recently but (b) still can't produce a decent EBITDA. Half year financials reveal understandably high COS and employee costs largely sucking up the rest.

    Yes, this looks like a very interesting small cap, yes I'm interested, but what is the bottom line for the contract they've secured with FMG? What are the risks of a cost blow out? Has any shareholders called the company to ask out of interest?
 
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