I didn't catch the whole report, but did manage to glimpse a summary of their findings via iress. I'll also try to post any future price targets on webjet going forward. hope it helps a bit
a quote from their research:
Online travel agency Webjet's share-price weakness is understandable, but likely represents noise around the bigger picture. Webjet's business-to-business division is set to grow at an annual rate of more than 16% over the next decade, without any contribution from acquisitions made in that time. That reflects the structural nature of the hotel industry where most are independently owned, Ord Minnett says. Also, Webjet's business-to-consumer arm will still record solid growth even though rates of expansion are likely to moderate to around 8.1%. "Webjet presents a serious buying opportunity given we are forecasting Ebitda to grow at a compound annual rate of 13.7% per annum over the next decade," Ord Minnett concludes.
WEB Price at posting:
$10.68 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)