Replies to post #1041 on Aris Mining Corp (ARMN)

[geodan]

Hi T, SIMA looks like has done well for you. That is one I can not buy.

The reason have bot CA and Aussie stocks is found many of the most extreme undervalues are there, and trust their books WTP.ax just reported, maybe the world's cheapest stock, much more cash than mkt cap and profitable too.

For margin accounts IB can buy them just as easy as US stocks.

[geodan]

T, More info, The report for WTP.AX, amazing value

TP.ax 1st Half Report, Another profit

Massive amount more cash than stock value, and a profit

Strong balance sheet with gross cash and deposits of $237.4 million as at 31 December 2016

https://www.watpac.com.au/workspace/attachments/170216_31-december-2016-appendix-4d.pdf

http://www.watpac.com.au/article/civil-and-mining-returns-to-profitability-as-residential-market-weakens-construction-performance

16 February 2017


Civil & Mining returns to profitability as residential market

weakens Construction performance


National construction and mining services group Watpac Limited (ASX: WTP) (
its financial results for the half year ended 31 December 2016 ( 1H FY17 ), reporting a return to profitability for its
Civil & Mining business, as Queensland’s prolonged residential construction activity and associated cost escalation
impacted the Group’s Construction performance.

Key 1H FY17 highlights:
? Statutory net profit after tax of $0.6 million (1H FY16: $25.3 million loss after tax)

- Construction pre-tax profit of $10.1 million (1H FY16: $20.6 million)
- Civil & Mining pre-tax profit of $2.8 million (1H FY16: pre-tax loss of $45.8 million)
? Underlying net profit after tax of $3.1 million (1H FY16: $6.7 million)
? Revenue down 6.12 per cent to $583.8 million (1H FY16: $621.9 million)

- Construction revenue of $511.5 million (1H FY16: $530.6 million)
- Civil & Mining revenue of $67.7 million (1H FY16: $79.3 million)
? Strong balance sheet with gross cash and deposits of $237.4 million as at 31 December 2016
? Bank Guarantee facility limit increased by $50 million to $170 million.


Commenting on the results, Watpac Managing Director, Martin Monro, said the Group’s return to profitability in the
Civil & Mining business was pleasing, however overall financial performance had been impacted by prolonged cost
escalation pressures within the Queensland residential construction market.
“Both of our core businesses performed profitably over the past six months, but the result for the Group’s Civil &
Mining business is particularly pleasing given the issues which affected this business in the previous corresponding

period,” Mr Monro said.
“Our Construction businesses also performed profitably, however cost escalation pressures in South East
Queensland have adversely impacted our results.

“We continue to place more discipline on our project selection, and are well positioned to respond as market
conditions reduce in volatility.”

Mr Monro said the execution of the Group’s capital management plans has resulted in surplus capital to support
strategic growth opportunities.
“Significant investment was made in the first half of FY17 in the pursuit of new opportunities not previously available

to Watpac,” he said.
Construction Segment

The Group’s Construction businesses contributed a solid overall result for 1H FY17, contributing a pre-tax profit of
$10.1 million (1H FY16: $20.6 million).