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.
News: WEB Webjet updates EBITDA and earnings forecast, page-5
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Last
$4.20 |
Change
-0.180(4.11%) |
Mkt cap ! $1.648B | |||
| Open | High | Low | Value | Volume |
| $4.33 | $4.35 | $4.10 | $39.80M | 9.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13777 | $4.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.23 | 35707 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| WEB (ASX) Chart |