My biggest concern for WEB was the lack of cash... I think they could have survived through cost cutting alone but good to see cash will no longer be a problem. Also lucky it went into halt before open so I couldn't buy any more!!
I understand that generally equity raises are always below last traded price but in this case the last traded price is beyond ridiculous ... the only reason its that low is in case the company goes under. With a capital raise, the company can no longer go under and will come out stronger than all the competitors... while others are on the backstep, webjet will come out in front after the covid crisis is over.
WEB Price at posting:
$3.76 Sentiment: Buy Disclosure: Held
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