I've been tracking for a while - I was a holder 4-5 years ago and held through ups and downs. At some stage you have to wonder if a company in this sector is going to do something it would have done it by now. The technology is no longer 'cutting edge'.
The company generates pitiful revenue - my guess was Telstra was going to scoop this one up at some stage but now appears unlikely.
The SP hasn't moved up or down in almost 3 months. Trade volumes are very low - the aquisiton of BEAM and divestment of the core networking business some 2-3 years ago was always going to mean a lack of revenue unless WRR went on the aquisiton path (which is hasn't).
Revenue/EBITDA will remain in the $100k's (both +ve & -ve) for the mid-term, and really who wants to invest in a company with those returns when twe're in a middle of a mining boom?
WRR Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
