I'm angry at myself. I didn't take a look at their balance sheet before investing. Was blinded with their WebBeds growth. More fool me. When you take out their intangible assets of $888M, they have basically been trading insolvent for a quite a while. As of Dec 31st total assets (after you remove their intangible assets) are $263M less than their total liabilities.
I've invested heavily in Webjet so I really hope they can survive this crisis. But with a large amount of debt, a weak balance sheet, and zero revenue, I don't know how their going to. Fingers crossed for a rescue.
Good luck to all. I hope our investment makes to the other side.
DYOR
I'm angry at myself. I didn't take a look at their balance sheet...
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Last
$8.59 |
Change
0.125(1.48%) |
Mkt cap ! $3.335B | |||
| Open | High | Low | Value | Volume |
| $8.67 | $8.72 | $8.56 | $5.173M | 598.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2261 | $8.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 4513 | 34 |
View Market Depth
| Last trade - 14.08pm 16/05/2024 (20 minute delay) ? |
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Last
$8.59 |
Change
0.125 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $8.66 | $8.72 | $8.56 | 355867 | ||
| Last updated 14.27pm 16/05/2024 ? | |||||
| WEB (ASX) Chart |