Wridgeways firming up nicely ahead of tomorrows result
As previously flagged the profit should be about $4.2m (13.1cps), importantly the second half will be about $2.2m +68% on H2in previous year, so company goes into 06-07 year with strong momentum
Return on Equity will be a stunning 40% for a company with no net debt
Cash reserves should have built to $4-5m so with no debt and 40cps surplus franking must be scope for a big lift in the dividend or a special dividend
This company is quietly booming on the back of the migration of people to WA and Qld with the resources boom
WWA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
