Added to YB: 2023-10-26
Pitch date: 2023-10-26
WCG.AX [bullish]
Webcentral Group Limited
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
As of November 12, 2021, Webcentral Group Limited was acquired by 5G Networks Limited. Webcentral Group Limited provides digital services for small and medium businesses in Australia and New Zealand.
Market Cap
AUD 80.2M
Pitch Price
N/A
Price Target
0.45
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.80
EV/Sales
N/A
Sector
IT Services
Category
special_situation
Three-minute pitch #4
WCG.AX: Aussie micro-cap at A$0.245 ($80m mkt cap). Selling 2/3 of domain biz for A$115m cash + 1/3 stake (A$20m). Post-deal: A$84m net cash (A$0.25/sh) + A$0.06 domain stake + remainco (~$5m NI, 10x=A$0.15). SOTP >A$0.45, ~80% upside. Buying net cash w/ rest free. M&A risk. LONG.
Read full article (2 min)