Inclusion into ASX200/300 is a not a good thing as this allows shorting to be legal, the big shorters First Sentier / MUFJ are here to make an statement the current SP is unsustainable unless there is customer announcement with revenue. A 200K share dump at start and at closing will do the trick for them . They did same to BOE but did not succeed.
The only answer WBT management can bring is Customer news (not under control of WBT management) as I think Tier 1 news now becomes secondary here and may have impact for day or two. Hold and Buy if you still believe WBT will be successful. The last CR at $5.0 now looks overpriced when you look at current SP. The management need to move fast or there is no answer to these ruthless shorters as they don't care how money could be made.
asx 200 Wbt ?, page-9
Add WBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.48 |
Change
0.040(1.64%) |
Mkt cap ! $468.5M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.56 | $2.46 | $579.1K | 230.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17272 | $2.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 6115 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |