WEB web travel group limited

A couple of points from the half year accounts:a) They have...

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    A couple of points from the half year accounts:

    a) They have about (net) $24 million cash sitting in the bank - this is silly and demonstrates poor balance sheet management. They should return a substantial portion to shareholders thru either a share buyback or healthy dividend.
    b) No details are provided in the accounts for the 53% jump in employee costs for the yoy period. Given their TTV increased only 52%, and they are supposed to be a web-based sales outlet, then to have employee costs rising faster than web-based sales warrants explanation.



 
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