Financials EPS 27.38cents expected to grow 2013 29 and 2014 31 cents
Profitabilty ROE 58.90
Health
Net Debt/Equity - 142%
WTF has 36% market share Aussie online booking accomodation
Positive high lights from Annual report
Record $1.161b in travel transactions processed, up 5% (FY11: $1.106b)
Sold one-in-ten accommodation room nights in Australia
Wotif.com brand awareness 66% in Australia and 39% in New Zealand
(FY11: 60% and 39% respectively)
23,500+ properties directly represented (up 20%)
Additional 6,900 properties from Tourico
Properties in 69 countries
Mobile site and app deliver 14% of traffic and 9% of Wotif.com room nights
Holiday rentals launched on Wotif.com
Successful launch of international flights on Wotif.com
Positves - So some growth in EPS and good market share has a mote first mover advantage good web site adapting to tech savy mobile apps Good value at present could be some growth and maintaining the divi, New CEO could identify opportunities, Online provider..efficient
negatives - are high Debt to equity share price slide from 7 to $3.95 ( is this the low point of the trend?Can the board get this back to $7 IN 3 YRS?) online competitor? ( non at present) Ex CEO has left ( yes he saw the opportunity to go for a better paid job at Tatts)
Would i buy would see what the plans are for growth.
WTF Price at posting:
$3.93 Sentiment: Buy Disclosure: Held
