I followed the big boss when he started to buy back with his personal money. I don't like company buy back. Once I see him buying with personal money, it is the time to follow. Already follow for so long. Just wait for wct to fly.
@sharefisher, Good qr will drop. Bad qr also will drop. Maybe little for adjustment. It is not controllable. Market looking ahead 6 months. After vaccination, the mega project should kick in.
For WCT, if the pandemic is under control, with more people been vaccinated, it has growth prospect in future, looking at the current share price, it’s still at lower end.. my thought.
Wct is super undervalued, but I bought because of the big boss buying with his own money.... I estimate that he has spent 50 to 60 million to buy back wct share. Don't know when wct will fly. It is for long term.
WCT in my opinion is a Gem and a good proxy to covid2019 recovery. With good construction jobs, a good portfolio of property investments that can be injected to Pavilion REITs or form an own Reit by itself, last but not least the over a billion award which could be materialised maybe lesser is still a positive outcome for long term investors.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Flying Fox
849 posts
Posted by Flying Fox > 2021-02-22 18:46 | Report Abuse
Who’s smarter? Previous boss? Or current boss?