under valued

In the Geoff Wilson group of companies the buying of shares is predominately done through Wilso Asset Management & they then allocate varying percentages of each purchase, when applicable, to WAM, WAA & WAX. Allocations are done basically on the reason for the purchase & all three companies do not necessarily participate in the allocation.

WAM & WAX have already reported increased earnings & increased dividends. Consequently one would surmise that the WAA report will be along similar lines.

Geoff is a little less optimistic than most for this year & consequently WAA is the main stock in the group to benefit from shorter term trading opportunities.

The market cap is only $16 million & Geoff has stated that he wants it to reach $100 million. The current options with an exercise price of $1.15 expire in April & one would assume there will be a further issue to follow of free 1 for 1 options expiring further down the track.

At $1.02 these shares look cheap particularly if the dividends of 3.0c interim & 3.0c final are increased to 4.0c & 4.0c which is quite likely.

I bought yesterday @ $1.02 & look forward to increased earnings, dividends & further free options.

If Geoff is right & the upside in stock prices this year is limited then this is the stock to take advantage of that situation as the name implies, they are more active than the others.