Good postIn this kind of volatile market, cash is kingTheir...

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03/05/24

15:28

Post #: 73653831
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Originally posted by Krano: ↑

Good afternoon all!

I was just going back over the W2V chart, financials etc (whilst in a meeting ).

I have to say whilst the sentiment here is clearly bleak. There clearly is tremendous value at this EV and financial position (especially after the previous quarterly and recent CR).

What has hindered the SP in the last month, which I am sure plenty will forget, has been around the sentiment coming out of Israel (particularly with the Iran geopolitical situation). The timing of this and the CR has caused the SP to really struggle which has caused plenty of panic and left a bit of an overhang. If people recall the day after the news came out of Iran we left a gap above, on a situation that was cleared up within a matter of days.

Whilst I am not saying this will re-rate back above that 4c region in the next few weeks. This company is clearly well positioned IP, cash and tech wise, to make moves in the not too distant future.

For those that are fearful, and can afford to hold on. I would recommend simply reading up on the FA here and trusting in that and ignoring the intra day noise.

I may well be wrong here, but in terms of valued plays on the ASX in the tech space. There are plenty that are worse off and PLENTY that are valued at multiples that are hard to fathom comparative to W2V here.

Another absolutely glorious day in Melbourne today.

Take care and I hope everyone has a lovely weekend!

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Good post

In this kind of volatile market, cash is king

Their prospects and technology may be good but their financials aren't and they are continuously a few months from the next cap raise because they can't get their staff costs under control

This is one of the big reasons they are being marked down by the market

W2V Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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