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/
Missed the edit window on my first sentence, it should read:...
Add WEB (ASX) to my watchlist
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Last
$7.04 |
Change
-0.200(2.76%) |
Mkt cap ! $2.763B | |||
| Open | High | Low | Value | Volume |
| $7.20 | $7.21 | $7.01 | $7.965M | 1.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4039 | $7.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.05 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| WEB (ASX) Chart |