Nice summation. I simply look at the SP or chart and this is a screaming buy. It approached $10 before the phenomal FY19 started going into 5th gear. TTV up 50% from last year same period (6 months ended mid Aug) and SP exceeded $16 shortly after HY results in FY19. At under $12, WEB is a bargain that could easily be $20 by Feb20.
- Imagine the positive message in Feb20 when HY results are released - TC also unlikely to be made bankrupt (that should see a relief rally) - Travel should be increasing with the weak pound.
Simple answer for me. Buy a parcel every 50 cents it drops and hold for a sizable gain in 5 months.
WEB Price at posting:
$11.51 Sentiment: Buy Disclosure: Held
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