Missed the edit window on my first sentence, it should read: With the Australian 10 year bond rate ticking upwards, my best reason is that fundies are reducing their exposure to WEB because it is currently trading on a P/E of 41.8.
I found a really good summary of analysts thoughts here. Morgan Stanley and Ord Minett have contributed to this article by FN Arena:
https://www.fnarena.com/index.php/2017/09/07/webjet-poised-for-lift-off/
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Last
$4.60 |
Change
-0.035(0.76%) |
Mkt cap ! $1.665B | |||
| Open | High | Low | Value | Volume |
| $4.64 | $4.67 | $4.57 | $4.261M | 925.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 10049 | $4.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.60 | 11144 | 17 |
View Market Depth
| Last trade - 12.22pm 29/07/2025 (20 minute delay) ? |
| WEB (ASX) Chart |