I don't think game over as these big companies such as WEB, FLT, QAN have some cash preserve enough for min 6months before tapping investors for more cash.
DIV will be cut and so many of their staff before economy picks up. What it means is that share price can drop rapidly over the coming weeks.
Back to $1.5 - $2 level is possible.
Ann: Webjet withdrawals FY20 Earnings Guidance, page-36
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Last
$6.91 |
Change
-0.090(1.29%) |
Mkt cap ! $2.712B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.95 | $6.87 | $7.227M | 1.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9163 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 54060 | 13 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WEB (ASX) Chart |