SEL s8 limited

s8 visionary or stuck in the past, page-7

  1. 236 Posts.
    This extract below from the Webjet announcement suggests SEL have disposed of their holding in WEB. I share the surprise that SEL did not want to integrate an online business into their strategy. I recently sold out of SEL while the ship seems a bit unsteady.

    "The 56,000,000 shares issued on exercise of the Options represent approximately 17% of the expanded
    issued capital of Webjet. In conjunction with Ord Minnett Financial Planning Pty Ltd, and with the
    approval of Webjet, these shares have subsequently been acquired from HWT by institutional investors
    and professional investors. The sale of these shares by HWT is consistent with the previous
    announcements to the market by its parent, S8 Limited, that the maintenance of a substantial shareholding
    in Webjet is not core to its future business or strategy."
 
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Currently unlisted public company.

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