A flyer seen by Street Talk, dubbed Project Optimus, says WGB has doubled EBITDA since it pulled the brakes on its previous sale attempt two years ago. It is now forecasting earnings of $7.6 million for the 2024 financial year, based on about $46 million in budgeted revenue. It had 99 per cent free cash flow conversion last year, and annualised revenue has grown at about 18 per cent since the 2021 financial year, the flyer adds. |