share price collapse?, page-5

Maybe not wrong..... just the timing.

WTE
1. I'm seeing negative divergence on MACD and Stochastics
2. A potential weekly chart reversal this week if the close is below $4.06
3. I will stick my neck out and suggest down to approx $3.60 but there is insufficient data on the chart

Fundamentally on a quick view this is not a profitable company. I wouldn't want to have almost $2.9 billion investment and make 40 mill nett profit in 6months.
Even 6.2 cents per share doubled returns 3% per share at $4.00 per share. (dividend was 6cents)

I don't read the nett debt as stated.
See Balance sheet
receivables + cash = approx $550mill
liabilities (payables + borrowing + tax) approx 780 mill

I'm more interested in real cash
On a sale inventories are worth 50% or less and prpovisions for debt realise 30% of their value.

CBA PPT and maybe one other churn the shares.
good luck