WSI 0.00% 11.5¢ weststar industrial limited

Probably also pays to look at the trade receivables vs payables...

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  1. 19,194 Posts.
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    Probably also pays to look at the trade receivables vs payables vs prior period. 
    large payables over $6.1m have led to negative assets.

    + the triple revenue growth only resulted in a $700k loss improvement

    net liabilities climbed circa $1.3m vs cash increase of circa $700k 

    Will need a few more quarters to prove they are making the revenue at profit.
    Revenue is vanity/ profit is sanity as they say.

    still risky.
 
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