Well - the market now going to look at every transaction in great detail. Analysts may even take the under where they are not sure for a while. Sounds to me like BDO could suspect the deal was one where you buy something for $100, and the vendor gives you back $25 a year for two years, so really it was a $50 deal in the first place! If I am right and if they went advice shopping for the deal WEB can only blame themselves for this coming up.Maybe ASIC poked their noses in? No idea.
I shorted when it bounced, as I think everything will be examined under the microscope for a while now. Some deals, especially TC, and acquisitions, and the sale of Zuji may make it difficult to reconcile cashflow with the P+L. WEB is rightfully priced at a very very high multiple based on their success at execution.
So we will not know if this is a sell the rally, or buy the dip moment for a while I suspect. I'll not be shooting the messenger - not an easy job, and they probably risk losing business.
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Last
$8.40 |
Change
0.170(2.07%) |
Mkt cap ! $3.285B |
Open | High | Low | Value | Volume |
$8.35 | $8.44 | $8.31 | $7.744M | 924.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13418 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.42 | 22493 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 596 | 8.380 |
1 | 2000 | 8.360 |
1 | 6150 | 8.350 |
1 | 1080 | 8.300 |
1 | 1500 | 8.230 |
Price($) | Vol. | No. |
---|---|---|
8.500 | 2126 | 5 |
8.550 | 2120 | 2 |
8.570 | 2450 | 1 |
8.600 | 1681 | 3 |
8.700 | 4170 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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WEB (ASX) Chart |