WZR

0.00%

3.5¢ wisr limited

Yes, $23 million in cash but also almost $20 million in liquid...

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hopeful2

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05/05/22

06:42

Post #: 61214287
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Originally posted by kevinrica: ↑

Of course, I think this is more than 50 million.

There is 23 million of unrestricted cash. I certainly think it is more than 27 million for the rest of the business.

Growth will be scarce going forward and even if they grow at 10% Q on Q it will very valuable. There is IP, customer base, etc. These businesses are scalable as you know. Also, I am expecting a recessionary environment to help with the loan book. Also most importantly I think there could be takeover and merger value that is for me very valuable.

Currently, the market cap is 134m and I think that is undervalued and at worst fair valued. Can it go lower? Sure. Will stay there for a considerable time. NO. Also, back to my contrarian argument you being a non holder is looking at the price. That mean either you think this is approaching fair value or you are shorting it. Either way, I am comfortable holding the equity at this price level and probably add on weakness

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Yes, $23 million in cash but also almost $20 million in liquid loan assets available to add to that. This company is very well capitalised. Considering the company projections show a cash EBTDA of $30-$40 Million from December this year then the current MC of $134 looks ridiculously cheap IMO. Having said that, I love the current low SP as I am enthusiastically accumulating a long term investment for future capital gain and dividends. GLTAH.

WZR Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
3.4¢	3.5¢	3.3¢	$7.312K	212.6K

Buyers (Bids)

No.	Vol.	Price($)
1	267337	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	204797	4

View Market Depth

No.	Vol.	Price($)
1	267337	0.033
1	160450	0.032
2	446564	0.031
5	2014099	0.030
1	100000	0.029

Price($)	Vol.	No.
0.035	204797	4
0.036	68919	3
0.037	300000	1
0.038	159996	2
0.039	625000	2

Last trade - 16.10pm 05/07/2024 (20 minute delay)

WZR (ASX) Chart

Yes, $23 million in cash but also almost $20 million in liquid...

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

Saturn’s stars have aligned for the gold explorer’s Apollo Project

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Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yes, $23 million in cash but also almost $20 million in liquid...

Top Stories

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News