re: Ann: Watpac wins $165 in contracts secure... mattyarty the...

re: Ann: Watpac wins $165 in contracts secure... mattyarty the building you saw at Circular Quay is the $40m Museum of Modern Art project. Just one 'small' project in the stellar list of work in progress by Watpac that I think now exceeds $2b & again another example of high profile, high quality & high quality of client project that typifies WTP. I'm at a loss to understand the drubbing they are taking on the market (but then, so are a lot of other great companies). As to the question of sell off, I believe there has been some major unloading but it must have been across the register because had it been a major (significant) holder any movement +/- 1% must by law be announced to the market.

In short, I have no explanation of why the price is sub $1.30 but I still believe in the fundamentals of WTP. They are well positioned for any uptick in the economy, they continue to win quality projects even in these troubled times (look at the announcement 2 days ago for $165m).