"The company has now sold every one of the Webjet shares and options it obtained via Harvey World Travel, no doubt using the proceeds to pay off debt incurred by its buying spree."
On th 8th of June SEL exercised 56m shares @ 27.c/ share after having sold 44m earlier.
On the 9th of June WEB followed with "Webjet and S8 Complete Internet Property Distribution Deal"
As far as I know SEL still retains 56m shares in WEB (17%+).
I wouldn't be surprised to see a SEL make a t/o offer for WEB.
SEL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
