Australia's largest stock trading and investment forum Australia's #1 stock forum

WRR

Click for more information

0.00%

16.0¢ world reach limited

Ann: Appendix 4E & Financial Statements Year Ended 30 June 2014, page-5

First 5 Last

Share
Profile

Follow
Axiomax

384 Posts.

03/09/14

11:36

Post #: 13917015
Share

Originally posted by ambitious.1 ↑

I think 5-6x EBITDA for a business like WRR is fair value, the issue is the longevity of earnings growth for this business and thats the reason funds may be hesitant to get on board. The core business has never reached scale so the OEM deal for GO in my view represents the opportunity for WRR to achieve this, as the core business is around break even so GO is all upside. So the key now is moderate to very successful performance of GO and then for WRR to win some similar sized OEM deals, if they can do that it goes from a trade to an investment. At the moment I only have a very small amount of WRR that I picked up in the rights issue but wouldn't be surprised to see them win a deal before years end.

Expand

Really the NPAT was all in the second half as the first half had a tiny loss of 7K it's a bit early to tell but the hit their target and I'm happy with where I think they are heading. As Imran earlier the balance sheet is in much better shape now. Equity has gone from - 294K in June 13 to - 49K in Dec 13 to +812K in June 14 and I'm sure it's even better today. Plus Iridium Go product is still front page of Iridium 's website and they are the billion dollar leader in the satellite communications field.

WRR Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 5 Last

Add WRR (ASX) to my watchlist

SPONSORED BY

Fatal error: Uncaught ErrorException: session_write_close(): Failed to write session data using user defined save handler. (session.save_path: ) in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php:236 Stack trace: #0 [internal function]: Application\Service\AppManager::handlePhpError(2, 'session_write_c...', '/data/vhosts/te...', 236, Array) #1 /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php(236): session_write_close() #2 [internal function]: Zend\Session\SessionManager->writeClose() #3 {main} thrown in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php on line 236