I'm in the same boat as you.
lesson learnt. Dont look at topline numbers and dig deeper into debt. Their net debt ratio to EBITDA is what i looked at and thought they could pay back their debt in well under a year if they wanted to so they are all good. They must be very cash flow poor because from my rough calcs they should have enough money to stay afloat for 2 months with no revenue before going completely broke.
I even emailed the company asking about their short term financial position and even without a reply kept accumulating being blinded by the mouthwatering gains to previous highs and the high growth rate of webbeds
Ann: Trading Halt, page-151
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Last
$8.77 |
Change
0.020(0.23%) |
Mkt cap ! $3.430B | |||
| Open | High | Low | Value | Volume |
| $8.80 | $8.97 | $8.76 | $12.32M | 1.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 7325 | $8.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.82 | 4050 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |