Just came here looking at what it is all about. Must say that looks like there are posters that can't tell the differences between earnings (EBITDA) and profits (NPAT)
Looks like EBITDA is about $80M however NPAT for FY18 is estimated to be $0.47 EPS which is lower than FY17 (consensus)
I think there's a lot to fall further based on a forward estimate of $0.47 EPS, and if at $9.79, this is a Forward PE of 20.8.
It is still over valued (PE wise) for an EPS that's going backwards. Perhaps a PE of about 14 is realistic or $6.50
Also a lot of brokers downgraded WEB today and so SP got smashed as everyone dumped them (ie: fund managers, etc)
Though brokers 12 month target price is higher (assuming web hits all their targets and more), but against the back drop of high ASX200, SP500. Don't have confidence to hold over 12months plus to wait for it to happen.
From a traders point of view - can see some pump and dump, but general trend is lower for now ....
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