ASX Announcements
December 2024
The hottest travel spots as the economy turns cold
Japan is cool, Bali is always warm, but Vietnam is so hot right now. The cost-of-living pinch is driving Australians to make sure their overseas holiday hits the mark.
- James Hall
November 2024
Webjet misled customers on fares for years, says ACCC
The online travel agency allegedly charged one customer $21,764 more after the booking had been made. Webjet says it is cooperating with the regulator.
- Ayesha de Kretser
Web Travel Group rebounds after result not as bad as feared
An embarrassing accounting hiccup sent Web Travel Group’s shares spiralling, but a $150m buyback has boosted investor spirits.
- Updated
- Ayesha de Kretser
Deloitte made me do it: CEO throws auditor under the bus
A weekend call from the auditors sent the $1.7 billion Web Travel into a spin.
- Anthony Macdonald
Web Travel restates earnings two months after WebJet spinoff
Company boss John Guscic says he’ll explain to investors next week at a postponed results briefing why margins on its global WebBeds business are falling.
- Jenny Wiggins
- Opinion
- Chanticleer
Wheels fall off the ASX’s new ‘Ferrari’
If the deal was about letting a sports car out of the garage, it drove straight into a freezer. A potential accounting issue is the last thing it needed.
- Anthony Macdonald
October 2024
Flight Centre shares follow rivals sharply down as travel demand falls
The boom in post-pandemic travel is over, with stocks feeling the brunt of the recession in demand and falling airfares as Qantas adds back capacity.
- Ayesha de Kretser
September 2024
Webjet’s consumer business spirals as domestic demand softens
The newly demerged Webjet consumer-facing business was down during its trading debut as investors fret about the future of travel demand.
- Ayesha de Kretser
July 2024
Who are the highest paid ASX 200 CEOs?
New research shows that ASX 100 CEOs earn on average 50 times more than the average Australian adult.
- Hannah Wootton
June 2024
Why Tyndall has gone all in on Zip Co’s turnaround story
James Nguyen says the market is mispricing the buy now pay later provider and reveals why a $15 billion settlement could be the catalyst for another small cap stock.
- Joanne Tran
May 2024
- Opinion
- Chanticleer
Why Webjet wants to let the Ferrari out of the garage
Breaking up is usually hard to do – but fed-up investors are mad for it. Webjet is jumping on the bandwagon.
- Anthony Macdonald
Webjet shares surge as it flags demerger, record earnings
Demand for travel has kept the earnings of the online travel bookings company solid in FY 2024, with plans to split its business-facing and direct-to-consumer operations.
- Ayesha de Kretser
January 2024
- Analysis
- Bulls & bears
Travel bulls still buying Webjet’s B2B growth story
Webjet is flying high despite concerns about the economy as it carves out a niche as an intermediary between businesses and hotels.
- Ayesha de Kretser
September 2023
- Opinion
- Chanticleer
Why Webjet is using revenge travel cash to buy back pandemic-era funds
The travel bookings group has had a boom and bust few years. It is booming again, and thinking about cleaning up its capital structure.
- Anthony Macdonald
August 2023
Fantasy sports start-up seeks fresh funds; big-name investors saddle up
Group1 Sports claims around 1 million Australians bet on horse racing in a typical month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
- Opinion
- Chanticleer
These eight ASX stocks aren’t pricing in a slowdown
While consumer stocks are under real pressure, valuations and earnings estimates remain too high for the coming decline, UBS says.
- James Thomson
May 2023
‘Holidays not going away’: Webjet aims to fly through slowdown
Shares in the travel provider were higher after full-year earnings beat market estimates. But can it beat economic malaise worldwide?
- Liam Walsh
April 2023
Pathology brawl heats up as rivals argue finer points
The trickiest M&A deals are often when two industry players are eyeing each other off, but cannot agree on the terms. That’s what’s going on between the No.2 and No.3 players in the pathology sector.
- Anthony Macdonald
December 2022
Webjet boss in $9m sale after vexed bonus shares deal
A big grant of options during the dark days of the coronavirus pandemic have proved a rich reward for Webjet’s managing director John Guscic.
- Liam Walsh
Buy, hold, sell: Five stocks for a Santa rally
Blackmore Capital’s Marcus Bogdan and Firetrail Investments’ Blake Henricks analyse five stocks poised for a possible rally into the new year.