31/10/2023 09:15

Webjet Ltd (WEB) $5.98

WEB was one of a number of travel stocks advancing higher on Monday, with Flight Centre (FLT), Corporate Travel (CTD), and QANTAS (QAN) also closing higher on a tough Monday. WEB has already corrected 25% from its August high, amplifying weakness across the index.

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27/04/2023 09:37

Webjet Ltd (WEB) $7.48

As I sure most subscribers know Webjet is engaged in the digital travel business across both global consumer markets and wholesale markets i.e. book your holiday all online. WEB has ridden the reopening wave extremely well having delivered a better-than-expected first-half report in late 2022, from a sector perspective we prefer WEB’s online offering to Flight Centre’s (FLT) primarily shop front alternative but the desperate capital raising through COVID leaves lots of shares on the register with many long from $1.70.

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18/11/2022 08:57

Webjet Ltd (WEB)

On-line travel business Webjet (WEB) surged +10.14% yesterday following a better-than-expected first-half report. Revenue was 77% of pre-COVID levels while costs appear well controlled. From a sector perspective, WEB is now evolving as a far better play than rival Flight Centre (FLT) as Australians start to travel as pandemic restrictions...

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06/09/2022 08:52

Webjet Ltd (WEB) $5.26

WEB’s shares popped +17% last week following an excellent start to FY23 which showed all businesses are now all profitable. The company is set to exceed pre-Covid earnings in FY24, well ahead of the broader travel market even with headwinds from Japan and China. MM believes WEB is now well positioned in a recovering market.

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23/06/2022 09:07

Webjet Ltd (WEB) $5.36

On-line travel business WEB looks very similar to its storefront (and digital) rival FLT, the company delivered an ok result in May with revenue coming in up 258% to $138mn plus importantly operating cash flow of $71.5mn. We prefer WEB to FLT but can see the stock trading with a $4 handle in the coming months.

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20/05/2022 09:27

Webjet Ltd (WEB) $5.87

The chart of WEB looks like a carbon copy of QAN i.e. since the outbreak of COVID the travel and tourism sector has largely moved as one. Interestingly this is one stock that in many analysts opinion missed expectations in areas with their result yesterday but the shares managed to rally albeit only +1.4%. Revenue was up 258% to $138mn which was a small miss for Goldman Sachs but operating cash flow came in at $71.5mn, way ahead...

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08/02/2022 09:09

Webjet Ltd (WEB) $5.51

WEB and the Tourism Sector rallied strongly on Monday after Scott Morrison announced Australia would finally reopen its international borders later this month to double vaccinated people. Undoubtedly a huge boost for our $60bn tourism industry – due to COVID the most recent data is unfortunately from 2018! This is another interesting sector to evaluate...

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02/12/2021 09:27

Webjet (WEB) $5.32

WEB has not surprisingly walked a similar path to FLT having fallen 29% over the last few weeks with Omicron clearly causing acceleration towards the downside. We like WEB under $5 but I would leave some ammunition to average under $4.50 if the virus outlook deteriorates further.

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08/09/2021 09:34

Webjet (WEB) $6.10

Similar to Qantas and many travel and tourism stocks Webjet has rallied nicely over recent weeks with fresh 2021 highs feeling imminent – its already rallied +17% over the last month. However MM believes WEB is at the lower end of the quality curve and we still prefer other plays such as QAN to take advantage of our pending hopeful return to normality.

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25/03/2021 08:55

Webjet (WEB) $5.67

On-line travel business WEB looks fairly similar to CTD with a drop to under $5 looking a strong possibility.

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