WTP 0.00% 91.0¢ watpac limited

happy days, page-2

  1. 1,372 Posts.
    Hi Deansy I could say that it is because it is such a great company and it is based in the high growth area of SE Qld. You would know that I am a long term accumulator of this one. I have wondered the same think my self. WTP has a good forward order book with no sign of it stopping. They also do get somegood jobs from QLD gov. and now defence. These things would suggest sp going up but the magnitude of the rise has amazed even a true beliver like me. It has more than doubled in a little over 12 months. I could also say that it has been under valued as the southern instos have been doubtful at the continued development in Qld. Having a portfolio under management, not just contract building, also gives them some steady income.I will continue to enjoy the ride.
 
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