it seems like the company will survive and thus web will still receive their revenues, although no doubt the brand reputation is taking a big hit so webjet we’re right to dramatically downgrade their fy19-20 forecasts.
again I think as long as the 1 billion pound deal gets done and TC is recapitalised, then webjet shouldn’t have much more downside from the TC forecasts in fy19-20.
in future years beyond fy19-20, well it’s anyones guess, but I would predict that webjet has enough growth engines that any further downside from TC in future years will be outweighed by upside from other segments.
GLTAH
WEB Price at posting:
$12.02 Sentiment: Buy Disclosure: Held
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