I'm thinking that most of the upside is due to GGL also. I like the tech and feel that WAS is undervalued on its potential giving a cheap entry. Similar tech by ERJ is rated much more highly.
Simultaneously the downside is somewhat covered by the value of its other assets. ERJ is trading at several multiples of is assets.
I'm a bit annoyed that I haven't been able to get a few more WAS shares before it started moving.
A recent post by myself on the ERJ forum:
"CFU is very different technology - why would you compare the two?
A more valid comparison is Wasabi (ASX: WAS) who hold the IP to a similar technology in one of their (almost 100% owned subsidaries).
I'm confused whyy ERJ is trading at such a premium when they are only buying the boxes / hold the Autralian rights.
WAS have the worldwide IP rights for their tech and the numbers look very similar in terms of efficiency. They are starting mass production of their own boxes soon (next yr?) and have their own pipeline of projects.
Further, WAS is trading at pretty close to NAV given their other holdings. Their annual report does not reflect this because they value the IP at a very low number because they cant be certain of its curent/future worth."
WAS Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
