Yes, 45m cash reported at 1/2 year. Sizeable chunk for a company this size. If there is no further acquisition on the horizon - and nothing I hear to suggest there is - then management need to think about returning a portion of that cash to shareholders.
Ironically, what is a good thing may also be perceived negatively. Great to have no debt and cash on hand but if there is no plan to use it then could,it be management are nervous about immediate future and need a buffer?
There is this ongoing talk about competition, you only have to switch on the TV to see the sales push from other providers in the sector.
Personally, I think Webjet have what it takes, they have come out with the facts and seem not to be concerned about competition. I would like to see something about the cash though either return or use.
I can't see WEB as a takeover target but never rule it out.
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