Short-seller J Capital Research wrote last week (all “$” references in the note below are “A$”):
‣ Corona ate my homework: WTC blamed the coronavirus for a 17% downward revision to Ebitda guidance in its H1 2020 report, but behind the numbers was a shocking decline in profitability. For every lost $1 in revenue guidance, WTC lost $2 in profit. In H1 2019, WTC reported about $0.31 in Ebitda for every $1 in …
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Source: The Loadstar
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