WTP 0.00% 91.0¢ watpac limited

Are the current investors aware WTP is selling for way less than it's Cash?

  1. 53 Posts.
    I am curious.   Am an American investor that has spotted some super cheap stocks outside America and have bot them. WTP is maybe the cheapest stock in the world.  Other super cheap stocks bot are are FXPO.L, RDG.ax, and MGX.ax

    The first, FXPO.L was in war zone, but its gone from 54 to 160 in 9 months since bot it.  MGX.ax has gone from .233 to .36 and RDG.ax and WTP.ax are about the same as when bot them.   Of all 4 would say today, WTP.ax is the cheapest stock in the world.

    A few people have noticed:
    http://www.fool.com.au/2015/10/14/want-to-buy-a-business-for-free-now-you-might-be-able-to/

    here are the numbers from Yahoo:
    Valuation Measures

    Column 1 Column 2
    0 Market Cap (intraday) 5 142.3M
    1 Enterprise Value 3 -89.77M
    2 Trailing P/E -6.71
    3 Forward P/E 1 8.50
    4 PEG Ratio (5 yr expected) 1 2.45
    5 Price/Sales (ttm) 0.12
    6 Price/Book (mrq) 0.62
    7 Enterprise Value/Revenue 3 -0.07
    8 Enterprise Value/EBITDA 6 -6.08
    Financial Highlights

    Fiscal Year

    Column 1 Column 2
    0 Fiscal Year Ends Jun 30, 2016
    1 Most Recent Quarter (mrq) Jun 30, 2016
    Profitability

    Column 1 Column 2
    0 Profit Margin -1.75%
    1 Operating Margin (ttm) -0.55%
    Management Effectiveness

    Column 1 Column 2
    0 Return on Assets (ttm) -0.73%
    1 Return on Equity (ttm) -8.78%
    Income Statement

    Column 1 Column 2
    0 Revenue (ttm) 1.22B
    1 Revenue Per Share (ttm) 6.53
    2 Quarterly Revenue Growth (yoy) -3.60%
    3 Gross Profit (ttm) 51M
    4 EBITDA 14.77M
    5 Net Income Avi to Common (ttm) -21.36M
    6 Diluted EPS (ttm) -0.11
    7 Quarterly Earnings Growth (yoy) -26.30%
    Balance Sheet

    Column 1 Column 2
    0 Total Cash (mrq) 251.46M
    1 Total Cash Per Share (mrq) 1.35
    2 Total Debt (mrq)[/B] 18.45M
    3 Total Debt/Equity (mrq) 7.99
    4 Current Ratio (mrq) 1.28
    5 Book Value Per Share (mrq) 1.24
    Cash Flow Statement

    Column 1 Column 2
    0 Operating Cash Flow (ttm) 91.05M
    1 Levered Free Cash Flow (ttm) 70.33M

    A challenge can anyone name a cheaper stock in the world? One that has positive cash flow and more than 50% cash beyond its market cap?  WTP has about $230 million net cash and $142 million market cap, an extra $90 million cash more than the cost to buy it.

    Am most interested in any stock with similar or better #s.

    Cheers
 
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