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.
Read MoreWEB 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.
Read MoreWings 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.
Read MoreWEB – Morgans rates the stock as Add
The broker maintains its Add rating and marginally decreases its target price to $6.55 from $6.60.
Read MoreBourse 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.
Read MoreNormality 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.
Read MoreWEB – 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.
Read MoreWEB – Morgans rates the stock as Hold
Morgans increases the price target to $5.10 from $4.92. Hold is maintained.
Read MoreWebjet Sinks Further into the Red
More losses for online travel and accommodation agency Webjet have underlined the sector’s continuing problems with the pandemic and closed borders with a result again strewn with red ink.
Read MoreWEB – Morgans rates the stock as Hold
Morgans retains the Hold rating and $4.92 price target.
Read MoreShould Webjet Pursue Acquisitions?
After another capital raising, will Webjet be free to pursue the acquisition of distressed travel assets or is protecting the balance sheeta priority?
Read MoreWEB – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse eventually expects upside to the FY19 earnings base, primarily driven by the B2B division. However, with this division exposed to onerous travel restrictions in the northern hemisphere the broker tempers expectations and will look to get upbeat again once intra-regional leisure travel improves.
Read MoreBain Capital Swoops On Distressed Webjet
Shares in embattled online travel retailer Webjet ended lower, but higher after resuming trading yesterday after an emergency fund raising. In doing so Webjet revealed it had picked up a new best friend from the issue in aggressive US private equity giant Bain Capital.
Read MoreWebjet Searches For $275 Million To Weather Virus
Online travel group Webjet wants $275 million in new capital to see it through the coronavirus crisis which has wiped out travel and tourism demand globally.
Read MoreBattered Flight Centre, Webjet, oOH!media Await Bailout
A big test for the market and investment confidence this week with news expected on whether there will be coronavirus-driven rescue/recaps of Webjet, Flight Centre and oOH!media.
Read MoreWith Borders Closed Travel Stocks Are In An Absolute Crisis
The crisis in the travel and aviation sector worsened yesterday with the Federal government banning all foreigners from entering Australia from midnight tonight and again told Australians returning from overseas that they will have to undergo 14 days of quarantine.
Read MoreWEB – UBS rates the stock as Buy
Travel demand has slumped sharply and there are high levels of uncertainty over the next 6-12 months. Hence Webjet has withdrawn FY20 guidance.
Read MoreWebjet Withdraw Earnings Guidance As Cancellations Escalate
Webjet was another company to drop its 2019-20 guidance, while also revealing its CEO and senior managers would be taking a pay cut (as Qantas and Air New Zealand managements are).
Read MoreWebjet Sale Tale Sends Shares Soaring
We are approaching the silly season – the long Christmas-New Year break which will be dominated by cricket, tennis, surfing, bushfires, smoke, ham and turkey and headaches.
Read MoreWEB – Credit Suisse rates the stock as Neutral
FY20 operating earnings (EBITDA) are expected to be between $157-167m with the first half registering at least $80m. Credit Suisse revises up estimates for earnings per share by 4.4%.
Read MoreWebjet Shakes Off Thomas Cook Collapse
Webjet shares have shaken off the unease in the wake of the problems with the collapse of the Thomas Cook travel company in the UK in August.
Read MoreWEB – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse is concerned about the worrying trend of earnings downgrades. The Thomas Cook receivables exposure is two-thirds of B2B FY19 earnings and a reminder of the credit risk in B2B.
Read MoreTime To Buy Shares In Webjet?
Webjet (ASX:WEB) recently released their full year results and they contained some disappointing aspects. This contributed to the weakness in the share price post results release. After tumbling from $17 to $11, there could be an opportunity here.
Read MoreWEB – Morgans rates the stock as Hold
Webjet expects the collapse of Thomas Cook will reduce FY20 operating earnings (EBITDA) by up to -$7m. Thomas Cook also owes Webjet EUR27m in unpaid receivables.
Read MoreTravel Agents Fear Fallout As Thomas Cook Collapses
The collapse of UK travel company, Thomas Cook after 178 years in business will leave an impact across every part of the global holiday and business travel businesses, with costs estimated to easily top $A2 billion.
Read MoreWebjet Caught Out By Thomas Cook Collapse
Shares in listed online travel retailer Webjet ended down 3.5% yesterday after a slide on the back of surprise news that the company had been caught short with the failure of UK travel business, Thomas Cook.
Read MoreWebjet Grounded As Rival Flight Centre Soars
Conflicting market reactions to the annual results of the two better-performed travel groups listed on the ASX Webjet and Flight Centre.
Read MoreWebjet Takes Off As Hotel Bookings Boom
Webjet shares surged sharply higher yesterday after it produced another solid earnings result and a small lift in the dividend.
Read MoreWebjet Doubles Up With Dubai Buy
Online travel group Webjet is making its second big offshore move in 18 months. It revealed yesterday it plans to spend $240 million to buy the Dubai-based business-to-business travel business Destinations of the World (DOTW).
Read MoreUK Acquisition Result Sends Webjet Soaring
Webjet shares jumped sharply as the $A360 million JacTravel acquisition in the UK a year ago this month paid off in spades.
Read MoreWebjet In UK Expansion
Online travel agent Webjet has confirmed the purchase of UK-based Jactravel Group (Holdings) for an enterprise value of £200 million (or $A330 million according to a statement to the ASX last night). Webjet says the purchase, which should be completed by the end of this month.
Read MoreWebjet Zooms Into China
And in more company news, Webjet (WEB) shares rose strongly yesterday in the wake of confirmation of a solid rise in first half profit at Tuesday’s AGM and a deal with a Chinese travel group.
Read MoreWebjet Unloads Zuji For $56m
Webjet shares were one of a handful of stocks to withstand the selling rush yesterday on the shock US election result.
Read MoreWebjet Soars Into Europe
Amid a flurry of solid results from mid cap stocks, a few stood out yesterday, with online travel group, Webjet justifying is market darling status of the past few months with a 20% surge in its share price.
Read MoreWebjet Cruises Higher
The contrast tells a story – there’s travel industry leader Flight Centre battling a profit downgrade and the impact of new investment to build future business and the shares have fallen 7% since the update on May 23.
Read MoreWebjet H1 Profit Soars
Webjet (WEB) shares rebounded 6% yesterday after revealing a 26% jump in first-half earnings before interest, tax, depreciation and amortisation to $18.2 million.
Read MoreWebjet Flying High
An all time high for Webjet (WEB) shares yesterday after an encouraging earnings forecast at the annual meeting.
Read MoreWebjet Sees Flat Year
Webjet (WEB) shares rose, then fell yesterday as investors were slow to realise the importance of comments in an investor day briefing made prior to the annual meeting held later in the morning.
Read MoreWebjet’s Surprise Rebound
Webjet (WEB) shares soared 28% at one stage yesterday and finally closed up 21.6% at $3.04 after the company, a big online travel business, beat market expectations, thanks to the Zuji takeover last year which appears to be coming right at last.
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