WTP - Watpac Limited

[tinhat]

If mining activities begin to ease, there will be increased competition and squeeze in other parts of the engineering world like civil construction. WTP is QLD based (I think) and the State Government there isn't opening up the purse strings any time soon.

Margins are actually still high by historical standands (for those companies that are consistently profitable).

One issue with WTP is that it is a small operator - so one project screw up can have major impact on the bottom line. The reverse is also true of course. But from a risk point of view, if you want exposure to the sector but minimise individual project risks, WTP may not be the perfect candidate.

Thanks for sharing your views.

 

[greggles]

Watpac up 40% this morning after announcing that BESIX Group SA has made an off-market takeover offer to acquire WTP for 92c per share.

UNCONDITIONAL OFF-MARKET CASH TAKEOVER OFFER FOR ALL WATPAC SHARES UNANIMOUSLY RECOMMENDED BY WATPAC INDEPENDENT DIRECTORS

Watpac Limited (Watpac or Company) and BESIX Group SA (BESIX) are pleased to announce today that they have entered into a bid implementation agreement (BIA) pursuant to which BESIX has agreed to make an unconditional off-market takeover bid to acquire all issued shares in Watpac not held by BESIX (Offer) for $0.92 in cash per share (Offer Price).

 

[Garpal Gumnut]

Bugger it. I was going to buy some WTP this week.

Them's the breaks.

I feel like Brett.

gg

 

[System]

On December 24th, 2018, Watpac Limited (WTP) was removed from the ASX's official list in accordance with Listing Rule 17.14, following despatch of the compulsory acquisition notices by BESIX Group SA.