"Going backwards"? EBITDA in FY17 was $69.9m and they are forecasting EBITDA of $80m for FY18. That forecast also includes $5.6m in one-off costs, so normalised EBITDA is around $85.6m. So it's currently trading on an EBITDA of just ~12.8.
I've bought a small parcel at $9.30. Looks overdone both fundamentally and technically. It might not be the bottom, but it's close enough for my risk. RSI is 22. WEB historically tends to stage a bounce back when it gets into the lows 20s. The shorters have been all over this and enjoying it more than a fat kid in a cake shop over the last 3 days, which is adding lots of downward pressure:
WEB Price at posting:
$9.33 Sentiment: Buy Disclosure: Held
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