WEB 0.37% $8.07 webjet limited

Clearly you’re not across the recent exemption around directors...

  1. 189 Posts.
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    Clearly you’re not across the recent exemption around directors obligations in relation to insolvent trading. This will give the company a bit of breathing space, allowing them to stretch out the funding negs until conditions hopefully improve/stabilise.

    While good for Webjet I still think it’s bloody outrageous the govt allowed that change to get that through. How will anyone know if they’re dealing with a zombie company? Suspect this will result in many companies switching their trade terms to cash only and create a serious economic drag.
 
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