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12 stories mentioning ASX:WEBUpdated 2d ago

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Asia

Update: Web Travel Group Issues Outlook for First Half of Fiscal 2027; Plans AU$90 Million On-Market Buyback, Shares Up 11%

(Updates to add stock movement in the headline and last paragraph)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.The company's shares rose around 11% in recent Tuesday trade.

ASX:WEB
Asia

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

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.

ASX:WEB
Asia

Web Travel Group Says JPMorgan Becomes Substantial Holder

Web Travel Group (ASX:WEB) said JPMorgan Chase & Co. and its affiliates became a substantial holder in the company on June 5, with a stake of 5.15% or 18.6 million shares, according to a Wednesday Australian bourse filing.The company's shares were down 1% in recent Wednesday trade.

ASX:WEB
Asia

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

ASX:ELVASX:EOSASX:FFMASX:GYGASX:IELASX:KCNASX:MI6ASX:SDRASX:TPWASX:WEB
Asia

Update: Web Travel Group CEO Sells Nearly AU$7 Million Shares to Settle Financing Arrangements With UBS

(Updates to add stock movement in the last paragraph)Web Travel Group (ASX:WEB) said its chief executive and managing director, John Guscic, sold 2.7 million fully paid ordinary shares for a consideration of AU$6.9 million in order to to settle amounts owed to UBS under previously disclosed funding arrangements, according to an Australian bourse filing on May 29 after hours.The funding arrangements included options and stock loans referencing 2.7 million Web Travel Group shares.The company's shares fell past 2% in recent Monday trade.

ASX:WEB
Asia

Web Travel Group CEO Sells Nearly AU$7 Million Shares to Settle Financing Arrangements With UBS

Web Travel Group (ASX:WEB) said its chief executive and managing director, John Guscic, sold 2.7 million fully paid ordinary shares for a consideration of AU$6.9 million in order to to settle amounts owed to UBS under previously disclosed funding arrangements, according to an Australian bourse filing on May 29 after hours.The funding arrangements included options and stock loans referencing 2.7 million Web Travel Group shares.

ASX:WEB
Research

Morgans Financial Upgrades Web Travel Group to Buy from Accumulate, Price Target is AU$3.75

Web Travel Group (ASX:WEB) has an average rating of buy and mean price target of AU$4.52, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:WEB
Research

Morgans Financial Downgrades Web Travel Group to Neutral from Positive, Price Target is AU$3.81

Web Travel Group (ASX:WEB) has an average rating of buy and mean price target of AU$4.52, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:WEB
Asia

Correction: Web Travel Group Posts Higher Fiscal 2026 Underlying Earnings, Higher Revenue

(Corrects the company name in the headline and first paragraph)Web Travel Group (ASX:WEB) reported Wednesday fiscal 2026 underlying earnings of AU$0.238 per share, up from AU$0.205 a year earlier.Analysts polled by FactSet expected earnings of AU$0.22.Revenue for the 12 months ended March 31 was AU$394.1 million, compared with AU$328.4 million a year earlier. Analysts surveyed by FactSet expected AU$380.5 million.The board did not declare a dividend for this period.

ASX:WEB
Asia

Web Travel Group Early Fiscal 2027 Trading 'Weak' Due to Middle East Conflict, Jefferies Says

Web Travel Group (ASX:WEB) fiscal year 2026 results beat consensus, but the early read on fiscal year 2027 trading is weak, with the first eight weeks expected to drive downgrades, mostly due to the conflict in the Middle East, Jefferies said in a Wednesday note.The company recently reported fiscal year 2026 underlying earnings of AU$0.238 per share, up from AU$0.205 a year earlier.Revenue for the 12 months ended March 31 was AU$394.1 million, compared with AU$328.4 million a year earlier.The Middle East conflict is weighing on total transaction value as high cancellation rates and shorter stays have severely impacted the region.With limited near-term visibility, the company omitted its previously provided fiscal year 2027 50% earnings before interest, taxes, depreciation, and amortization margin target, the financial services said.Jefferies is expecting the company to recover heading into the second half of fiscal year 2027 as disruption fades and travel demand normalizes, but conviction remains low due to near-term demand volatility.Jefferies maintained a hold rating on Web Travel Group and lowered its price target to AU$2.70 from AU$3.10.

ASX:WEB
Asia

Webjet Posts Higher Fiscal 2026 Underlying Earnings, Higher Revenue

Webjet (ASX:WEB) reported Wednesday fiscal 2026 underlying earnings of AU$0.238 per share, up from AU$0.205 a year earlier.Analysts polled by FactSet expected earnings of AU$0.22.Revenue for the 12 months ended March 31 was AU$394.1 million, compared with AU$328.4 million a year earlier. Analysts surveyed by FactSet expected AU$380.5 million.The board did not declare a dividend for this period.

ASX:WEB
Asia

Webjet Says Macquarie Raises Stake, Shares Fall 3%

Webjet (ASX:WEB) said the voting power of Macquarie Group (ASX:MQG), and its controlled bodies corporate, in the firm rose to 7.18% from 6.15%, as of Tuesday, according to a Friday Australian bourse filing.Macquarie now holds nearly 26 million votes in Webjet.Webjet's shares fell 3% in recent trading on Friday.

ASX:MQGASX:WEB

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