Well, knocked down due to the guidance being below analyst forecasts. This article (quoted a bit here- fair use) from the AFR post-AGM (for members or take a free trial):
"Webjet shares traded 6.6 per cent lower at $2.67 on Wednesday at 1pm AEDT, on Wednesday after having fallen by as much as 11 per cent after the company issued earnings guidance well below analyst expectations.
"Consensus forecasts were for the company to report $26.6 million of earnings before interest, tax, depreciation and amortisation in the current financial year. But at its annual meeting in Melbourne on Wednesday, Webjet said it expected EBITDA of around $21.5 million, slightly below the $21.6 million posted last year.
"The warning that EBITDA would be 19 per cent lower than consensus expectations sent shares down by 31¢ to $2.55 – the lowest level in nearly two years – shortly after the market opened on Wednesday." ____
That's the bad news, I guess. The good news is that bought a bunch of shares after the AGM:
A lot of faith shown there. Not many company Directors do that. John Guscic, MD, got a protest vote against options which will be in the money @ $5-$6. He could do with buying some share on market like his colleagues are, imo.
So, no growth, but capex spend will hopefully improve business. Zuji and Lots of Hotels performing.
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