*Disclosure: I have taken a position in the company*

Missed opportunity with the ticker code

And WTF was my reaction last week when I first came upon this company. The company released FY24 indicative results AND a presentation. I wonder if the management just couldn't wait to release the results/presentation. Cause the numbers make this company intriguing ... valuation wise.

WT Financial is a dime a dozen company on the ASX. Financial services. More accurately financial advisory services.

So why, WT Financial

1. Current market cap is $30m
2. Cash at $8m (Debt at HY about $6m)
3. Revenue up 15% to $185m
4. EBIT up 41% to $5.2m
5. NPBT up 51% to $4.4m
6. NPAT down 7% to $3.8m (one off income in FY23)
7. OCF/FCF approx $4.5-5m

Plus RETURN to DIVIDENDS. 0.4c.

Valuation:

PE = 7.9

P/OCF = 6

P/FCF = 6.7

FCF Yield = 15%

Technical: Increase in volume in recent weeks/months is a bullish sign. Highest weekly volume on record during the 12-16 August week.