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Webjet Ltd (WEB.AX)

WEB.AX on Australia Stock Exchange

9.58AUD
16 Feb 2018
Change (% chg)

$-0.16 (-1.64%)
Prev Close
$9.74
Open
$9.75
Day's High
$9.88
Day's Low
$9.48
Volume
635,731
Avg. Vol
659,154
52-wk High
$13.19
52-wk Low
$9.13

Latest Key Developments (Source: Significant Developments)

Webjet Ltd says co on track to deliver EBITDA of $80 mln by 30 June 2018​
Tuesday, 21 Nov 2017 05:04pm EST 

Nov 22 (Reuters) - Webjet Ltd ::‍For FY 18 co on track to deliver TTV of $3 billion and EBITDA of $80 million by 30 June 2018​.  Full Article

Webjet posts FY revenues of $210.2 mln
Wednesday, 30 Aug 2017 06:24pm EDT 

Aug 31 (Reuters) - Webjet Ltd :FY revenues from ordinary activities $210.2 million versus $155.3 million.FY profit from ordinary activities after tax attributable to members $52.4 million versus $21.3 million.The company has declared a final dividend of 10 cents per share fully franked, to be paid on 12 October 2017.  Full Article

Webjet enters into binding agreement to buy Jacktravel Group
Wednesday, 2 Aug 2017 04:50am EDT 

Aug 2 (Reuters) - Webjet Ltd :Entered into a binding agreement to acquire Jactravel Group (Holdings) Limited for an enterprise value of £200 million.Acquisition estimated to be at least about 25% EPS accretive in FY17 on pro-forma basis.Acquisition will be funded by proceeds of entitlement offer and A$145 million of existing cash reserves and debt funding.About 2.7 million new Webjet shares to be issued to continuing management shareholders & private equity vendor of Jactravel at issue price of A$10.94 per share.  Full Article

Webjet entered into binding agreement to buy Jactravel Group (Holdings)
Wednesday, 2 Aug 2017 04:50am EDT 

Aug 2 (Reuters) - Webjet Ltd :Entered into a binding agreement to acquire Jactravel Group (Holdings) Limited ("Jactravel") ("acquisition") for an enterprise value of £200 million.Estimated to be at least 25% EPS accretive in FY17.Acquisition will be funded by proceeds of entitlement offer and A$145 million of existing cash reserves and debt funding.About 2.7 million new Webjet shares to be issued to continuing management shareholders & private equity vendor of Jactravel at issue price of A$10.94 per share.  Full Article

Webjet updates EBITDA and earnings forecast
Thursday, 27 Jul 2017 06:33pm EDT 

July 28 (Reuters) - Webjet Ltd :Expects to report ebitda consistent with its earnings guidance of $80 million for FY17.Advises market of a disagreement with its auditor on a technical accounting matter relating to its financial statements for FY17.  Full Article

Webjet says sold remaining interest in Webjet Marketing North America
Friday, 30 Jun 2017 01:37am EDT 

June 30 (Reuters) - Webjet Ltd ::Sold its remaining interest in Webjet Marketing North America LLC.  Full Article

Webjet elects Roger Sharp as non-executive chairman
Tuesday, 20 Jun 2017 08:45pm EDT 

June 21 (Reuters) - Webjet Ltd :Says Roger Sharp has been elected as non-executive chairman of Webjet in place of David Clarke, who retires from board.  Full Article

Webjet Ltd says Roger Sharp will assume role of chairman
Wednesday, 22 Feb 2017 04:15am EST 

Webjet Ltd : Roger Sharp, who has been an independent non-executive director since 2013, will assume role of chairman . don clarke, a non-executive director will continue in his capacity as deputy chairman . David Clarke, founding managing director of webjet and chairman will retire from board . board has entered into a consultancy agreement with David Clarke for a two year period .John Guscic to continue in his role as managing director.  Full Article

Webjet Ltd says HY profit from ordinary activities after tax attributable A$39.4 million
Wednesday, 22 Feb 2017 04:11am EST 

Webjet Ltd : HY profit from ordinary activities after tax attributable $39.4 million up 269% . Co has declared an interim dividend of 7.5 cents per share fully franked . HY revenues from ordinary $124.8 million versus $74.6 million .Increasing our EBITDA guidance for FY17 to $80 million.  Full Article

Webjet Ltd announces sale of Zuji
Tuesday, 8 Nov 2016 04:44pm EST 

Webjet Ltd : Sale of Zuji and full year earnings guidance . Sale of Zuji for $56 million to Hong Kong based travel technology group . Fy17 ebitda guidance of $78 million - includes $60 million for continuing businesses . Entered into an agreement to sell Zuji businesses in Hong Kong and Singapore to Reckon Holdings Limited and Sharp Focus Pacific Ltd . Webjet will provide transitional services on a fee-for-service basis for 12 months to assist with smooth transition of businesses to new owners . Remain on track to deliver more than $11 million ebitda from our b2b businesses during 2017 financial year . $26 million gain on sale of Zuji .Sale of Zuji and full year earnings guidance-web.ax.  Full Article

UPDATE 1-Australia's Webjet shares slide on weak forecast

Nov 22 Australia's Webjet Ltd on Wednesday said it expected negative cash flow in the first half of fiscal 2018 owing to a one-off acquisition cost incurred from buying European travel business JacTravel, sending its shares lower.