FINWIRES · TerminalLIVE
FINWIRES

Web Travel Group Issues Outlook for First Half of Fiscal 2027; Plans AU$90 Million On-Market Buyback

By

Web Travel Group (ASX:WEB) said it expects underlying earnings before interest, taxes, depreciation, and amortization for the fiscal first half ending Sept. 30 to be AU$80 million to AU$86 million despite currency headwinds of about 9% compared with the same period a year earlier, according to a Tuesday filing with the Australian bourse.

The company said revenue for its WebBeds digital travel marketplace is expected to increase 11% to 15% year over year in the six months through September.

Web Travel Group forecasts cash conversion of greater than 100% for the fiscal H1, per the filing.

Additionally, the company plans to launch an on-market buyback program of up to AU$90 million, saying it does not believe its current share price adequately reflects its trading performance and medium-term earnings outlook.

Related Articles

Asia

Cauldron Energy Receives Further Passive Seismic Interpretations at Yanrey Uranium Project; Shares Down 7%

Cauldron Energy (ASX:CXU) said Southern Geoscience has provided a further installment of processed passive seismic interpretations for its Yanrey Uranium Project in Western Australia, covering the Manyingee Southeast, Manyingee West, Ashburton East and Cosgrove locations, according to a Monday Australian bourse filing.The company said the most significant finding from the third installment is the delineation of a separate, previously undiscovered and untested arm of the Manyingee South palaeochannel, with passive seismic continuing to prove a cost-effective method for identifying the margins of palaeochannels and increasing drilling effectiveness.The company's shares fell almost 7% in recent Monday trade.

ASX:CXU
Asia

Infoline Tec Group Seeks Shareholder Nod to Acquire Buildings for New Head Office

Infoline Tec Group (KLSE:INFOTEC) is seeking shareholders' approval for its wholly-owned subsidiary, Infoline IT Solutions, to acquire two adjoining intermediate units from Huayi (SEA) and Orionis Technology, respectively, for a total of 18.6 Malaysian ringgit, according to a Monday filing to Bursa Malaysia.The investor approval will be sought at the upcoming extraordinary general meeting on Aug. 28.The company's shares were down nearly 6% in recent trade.The acquired units will be used to set up the company's new head office. Both acquisitions will be done on a 99-year lease up to Oct. 18, 2106.Infoline's board is also seeking shareholders' nod for a proposed employees' share option scheme (ESOS) covering up to 10% of issued share capital for eligible directors and employees. The scheme will be valid for five years with an option for a further five-year extension.

KLSE:INFOTEC
Asia

Hanwha Aerospace Secures Framework Supply Contract in South Korea

Hanwha Aerospace (KRX:012450) secured a framework contract with an unnamed entity to supply aerospace products, exceeding 2.5% of its most recent annual sales, according to a Monday filing with the Korea Exchange.The company said that the contract is subject to disclosure requirements, and the details of the agreement are withheld due to business confidentiality.

KRX:012450