Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
lower eighties first. then, reassess the situation. go lower if there is no sign of growth. stay away until then. balance sheet of the company looks better now and still need a bit more work.
lower eighties it is. the company has sold the Aussie subsidiary and potentially exiting the Aussie market. The proceeds (profit) from the sale will be recognised in the next qr report.
Decent but not cheap, yong. (1) Australia segment typically contributes between 200mil to 300mil per year. The sale of Wasco Australia will potentially means the loss of that segment revenue. (2) PEnergy is a drag to Wasco. Risk of single digit mil of losses still. (3) Total orderbook is below 3bil and it's off the peak. Need to see orderbook growth again. For me, I need higher mos in order to consider holding wasco, not at this price though. Just my opinions, could be wrong. Hope it helps.
