ooooh boy! can i assume you are a new investor that just jumped into the band wagon just because the stock market crashed? if you ignore dilution you are gravely mistaken and may lose money if you don't know what you're getting into. instead of the pizza having 8 slices you now have 20... same pizza, but you just get a smaller piece.
anyways i would have posted this before but i valued pre-covid webjet at $12 intrinsic value so even the $17 was overvalued already... now covid-stricken webjet is around $4.80 at the same $12 equivalent. (circa 2.5 multiple share dilution)... which it almost reached 2 weeks ago then instos would have started to crap their pants when the news of a second wave started circulating. but obviously the fundamentals are not there too to support this (i.e. revenue, free cash flow) so here we go downhill again.
BUY THE FEAR. SELL THE GREED.
DYOR, this is mine and at least i know what I am paying for and how much to pay for it.
WEB Price at posting:
$3.78 Sentiment: Buy Disclosure: Held
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