On September 17, 2024, shareholders of Webjet cast a decisive vote in support of the demerger, leading to the formation of two distinct and streamlined companies. The parent company has been rebranded as WEB Travel Group Limited (ASX:WEB), which will oversee the WebBeds B2B operations. Meanwhile, the newly established entity is named Webjet Group Limited (ASX:WJL).I suspect that the problem lies with the financial division and revenue reporting; there may have been inaccuracies in one of the reports. I understand this issue was identified during an audit of the current report prior to its release.
WEB Price at posting:
$4.50 Sentiment: Hold Disclosure: Held
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