profit down grade , page-8

Zwu

Agree that WFL having debt to market cap of 3x means the market expects difficulties, although that is strictly different from what happens in the business, it can be seen as a gauge of market confidence at least...however the market can be wrong.

The other thing I forgot to mention that is very very important is that CBA is the major shareholder in WFL after the major shareholder. CBA is also the financier for all of the WFL operations. So there is strong incentive for CBA to help them through. CBA also recently bought more stock in the company in an odd show of confidence. I think if it doesnt make it we wont find out for between another 1-2 years and after any changes to the industry are revealed by the 2 inquiries going on now.