WEB 0.90% $4.50 web travel group limited

Ann: Appendix 4D and Half year financial results, page-46

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  1. 10,783 Posts.
    lightbulb Created with Sketch. 1423
    Regrettably with five out of our six Premiers - all except Gladys Berejiklian in NSW - being stupid, your post has not aged well.

    With the ill advised, ineffective and snap Greater Brisbane three day lockdown that commenced at 1700 AEST yesterday and (again) was initiated by foolish Queensland Premier Palaszczuk,hitting WEB and a range of other travel stocks, there's no better comment I've come across than in 'The Australian' of 30 March 2021:

    '...“Queensland are right up there with Victoria … as handling this crisis so poorly, as opposed to NSW that has done a brilliant job and saved so many businesses and jobs and also government debt via the smarter and less panicky way they did it,” Bell Potter head of institutional sales and trading Richard Coppleson said...'

    And this from FLT founder 'Skroo' is also worthy, and factual:

    “Locking Brisbane down will have a short-range three-day effect, it will cost $1bn-$2bn, but the impact will last longer, and just as domestic travel was coming back,” Mr Turner told said.

    “There is one word that can describe it, it is sheer lunacy.”

    He said state governments as well as the New Zealand government had locked down borders six times previously.

    “And it has achieved nothing. There is no evidence it has achieved anything,” he said. “I can’t imagine the [Queensland] Premier wanting to do it because of the huge economic impact. We are talking billions of dollars here for a three-day lockdown.

    “This is hard to believe.”


 
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