Web Travel announces $150m buy-back amid mixed half-year results
Web Travel Group (ASX:WEB) has reported mixed results for the half-year ending 30 September 2024, its first reporting period since the demerger of its B2C businesses.
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Webjet Limited
Over the past five years, we have been building a global portfolio of leading B2B travel providers, with the aim of offering the travel trade, the widest range of hotel inventory at the lowest possible prices. Throughout this process, our strategy has been to combine organic start-up businesses with the acquisition of established and reputable companies to ensure a fresh and creative approach alongside a wealth of experience. WebBeds now operates some of the fastest growing and most instantly recognised and respected brands in the industry.
We are very aware that our partners know, trust and enjoy excellent working relationships with our existing brand names so we won’t be rushing this process. For now, you can learn more about JacTravel, Sunhotels, Lots of Hotels, FIT Ruums and Totalstay
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News
Webjet to demerge
Of course, the splitting of Webjet (ASX:WEB) into two companies is going to be a good thing - you don’t have to read the 214-page explanatory document to know that.
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The potential split of Webjet
Webjet (ASX:WEB) revealed a record result for the year ending March 31, 2024, after reporting a record result for the previous year, ending March 31, 2023, a year ago.
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WEB Strength Confirms the Return of the Jet Set
It seems everybody’s travelling and making money, as confirmed on Wednesday by the big turnaround in the year to March 31 for online travel group Webjet.
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Wings Slightly Up in September Half for Webjet
A modest return to profitability but no interim dividend for Webjet shareholders, as the company rode the return to the air by Australian travellers here and offshore.
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WEB – Morgans rates the stock as Add
The broker maintains its Add rating and marginally decreases its target price to $6.55 from $6.60.
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Bourse Discourse: WEB, NUF
Thursday’s ASX rout made it a tough day to be releasing results, but the show must go on. Here’s the latest from travel firm Webjet and agricultural chemical company Nufarm.
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Normality Still a Flight of Fancy for Webjet
Life after Covid is slowly becoming clearer for online travel group Webjet (ASX: WEB), but pre-pandemic times will not return until 2023, according to the company’s half year results on Wednesday.
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WEB – Citi rates the stock as Neutral
Given softer data, Citi pushes out expectations and views the opportunity and risk/reward as balanced. Hence, a Neutral/High Risk rating is maintained. Target is raised to $6.04 from $5.27.
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WEB – Morgans rates the stock as Hold
Morgans increases the price target to $5.10 from $4.92. Hold is maintained.
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