I am holding, agree with most comments 32% gearing is OK I am more concerned about the proprietorship ratio and the impact of further writedowns on both of these. Their revenue is on fixed term contracts, these could start rolling off and leave them in the hole.
STO's gearing is not that high after capital raising and something like 30% writedown of their fixed asset base. Mid 30's it's not an issue for them. On the other hand WOR is still cashflow positive.
I think there is a case for buying WOR at present prices but it is speculative. Obviously not as speculative as buying WOR at $24.
WOR - results, page-20
Add WOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.87 |
Change
0.120(0.87%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.75 | $13.87 | $13.62 | $16.71M | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8268 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 4066 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
