WRG water resources group limited

A Picture Shows it All

  1. 1,988 Posts.
    lightbulb Created with Sketch.  24
    A VERY impressive release from WRG this morning.
    Although it took a bit longer than anticipated given - "The release of results has been delayed awaiting the final test report from Aerosol." - it was definitely worth the wait.
    I think the whole report can be best condensed by the chart below:
    WRG.jpg
    It is apparent to me that with Bluemist, WRG and its shareholders are on to a real winner - enormous market size and a product that destroys its competitors offerings.
    Sure, it'll take time to commercialise and implement the marketing strategy, but then again, a "big boy" may come and just buy the technology outright.
    At its last traded price of 61.5c, WRG is capped at approximately $16.6m.
    Given these results, I personally believe a market cap closer to $50m, or $1.85/share, is warranted.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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