I was expecting doom and gloom but I am pleasantly surprised. I thought OTA would have reduced but it's still similar to a few months ago when borders were open. Best of all, they have managed this by increasing market share. Absolutely fantastic. If managements word is to be taken, then the market cap after covid should be greater than it was pre covid as they are aiming to gain market share. They say they are targetting to be numher 1 in b2b .. currently they are number 2 by a long shot. The situation overseas has worsened especially in europe but Webjet has somehow maintained similar revenue to a few months ago. If this really is attributable to increased market share we got great things to look forward to.
To top it all off, cash burn is lower than expected. 9m per month vs 11.5m forecast
I thought a sell off tomorrow was a give but not anymore. We could finally break out above 4.20 even with no vaccine news. The stock price should get another bump up once the pfizer vaccine results are announced near the end of this month.
WEB Price at posting:
$3.94 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)