WPI 0.00% 2.5¢ west peak iron limited

Interesting I do agree with you it is surprising it has fallen...

  1. 5,575 Posts.
    lightbulb Created with Sketch. 5
    Interesting

    I do agree with you it is surprising it has fallen as it is a walker shell I think it's undervalued below 4 cents just based on his history of past success, he does good deals with great terms.

    On the other side of the coin you will always be rated by your last deal, just as SRT benefited from VTX big post acquisition run, WPI will be hurt if SRT falls back under 2 cents and struggles after acquisition.

    SRT acquisition terms are good, fintech is hot right now super hot, but in the field of financial planning not for me, I hate to say it cause it's such a dumb thing to say, but it's just not sexy enough, thats the truth as dumb as it is it's just not that exciting.

    It's one of those go make the money do the sales come back show us the quarterlies then you get your steady price jump deals, it's not a blue sky tech company that runs from $10mill to a $100mill+ in 3 months type deals.

    I will be watching the SRT investor presentation closely that will be a big chance to turn everything around, they need to sex it up abit get the punters excited, if SRT can excite the market I will be right back in on WPI, if it can't and SRT continues to struggle, realistically if walker turns on the nose we could be back down to testing 2 cent support pretty quickly.

    I personally think it's worth 4 cents at least pre-deal just because it's a walker shell and they are already cashed up and ready to roll, but I don't try to fight the market anymore I always lose when I do, we will see SRT will drive the price up or down here, right now it's unfortunately looking downward.

    With that all said, I still think with walker at the helm WPI has great potential to pull off a great deal regardless of what happens at SRT, if it does continue down over there a failure might drive them even harder to find a VTX style blue sky tech deal for WPI.
 
watchlist Created with Sketch. Add WPI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.