27/11/2024 16:55

WEB Travel Group (WEB) $4.80

WEB +13.48%: Reported 1H25 results that were inline with recent guidance though the announcement of a share buy-back and an earnings outlook for FY25 that was ahead of consensus saw the shares rally;

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15/10/2024 09:28

Is WEB Travel Group telling us to put travel & tourism in the too-hard basket?

In August, we wrote a report on the travel and tourism names. At the time, we highlighted that US businesses Trip Advisor, Booking Holdings and Airbnb had reported a softening travel outlook; in hindsight, these warnings should have been listened to with the sector struggling over recent weeks.

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15/10/2024 09:26

WEB Travel Group (WEB) $4.53

B2B booking platform WEB plunged over 35% yesterday, and we looked at the move in yesterday's “The Match Out” report. The reduction in revenue margins in FY25/FY26 for the second time since initial guidance of 7-7.5% was provided in the Mar-24 strategy day creates uncertainty regarding future earnings.

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14/10/2024 17:15

Webjet Travel Group (WEB) $4.53

WEB -35.56%: Hit hard today on weak guidance. The newly separated B2B travel company said revenue margins would be 6.4% for the half, down from ~7% guidance which results in lower sales and a bigger hit to earnings.

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25/09/2024 09:11

Webjet Limited (WEB) $7.15 & Webjet Group (WJL) $0.86

This week, Webjet, which housed a business-to-consumer platform (www.webjet.com.au) + a couple of other consumer brands, and a business-to-business platform (www.webbeds.com.au) parted ways. WEB shareholders received 1 new share in WJL while retaining a share in WEB, with the combined value worth roughly the same amount.

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30/08/2024 09:37

Webjet Ltd (WEB) $7.80

Online travel company WEB fell 5.6% on Thursday after it delivered a weaker-than-expected trading update at its AGM.  The majority of the information offered at the AGM was already known to investors from its results published in May of this year. However, the devil is in the details, as they say, and in the case of WEB, it was how FY25 is tracking thus far:

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27/08/2024 09:42

Webjet Ltd (WEB) $8.15

We covered WEB in July (here) following a solid result in May, and news they are considering demerging two parts of their business, which we think is a good move, that will unlock value.

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18/07/2024 09:41

Webjet Ltd (WEB) $9.10

WEB delivered an impressive result in late May and the news that they are considering demerging their business 2 business (B2B) division, which is growing more strongly than their business 2 consumer (B2C) operation, was exciting from a valuation perspective, i.e. The view being that two standalone franchises would be more highly valued than the combined entity saw the market spike the stock up towards $10 before calm returned

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22/05/2024 16:43

Webjet (WEB) $9.09

WEB +7.7%: An impressive (but previously flagged) update from WEB today with their FY24 results coming in line with expectations, however, news they are looking to demerge their business 2 business (B2B) division that is growing more strongly from their business 2 consumer (B2C) operation, which has been solid but not spectacular. The concept that a standalone franchise would be more highly valued than the combined entity saw the market bid up the stock.

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26/03/2024 09:11

Webjet Ltd (WEB) $8.90

WEB advanced +1.8% on Monday, taking its year-to-date gain to an impressive +19.1%, making it the sector's standout performer following its well-received strategy day last week. The company's growth is expected to come from its WebBeds segment, with the business-to-business (B2B) strategy focusing on aggregating available accommodation and distributing it through travel agents.

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