18 stories mentioning ASX:WEBUpdated 16d ago
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WEB Travel Group (ASX:WEB) said the Australian Securities and Investments Commission (ASIC) recorded the change of its name to WebBeds Group, according to a Friday Australian bourse filing.The change of name on the ASX will be effective Sept. 1.Its shareholders approved the name change at the annual general meeting held on Thursday.Its shares fell 1% in recent trading on Friday.
WEB Travel Group (ASX:WEB) logged AU$0.238 in underlying EPS for fiscal 2026, up 16% year-over-year, according to an after-hours filing on Wednesday.For the 12 months ended June 30, WebBeds revenue was AU$394.1 million versus AU$328.4 million previously, the Australia-listed travel booking services provider added.The firm said WebBeds revenue in the fiscal 2027 first half is expected to be up 14% to 16% on the prior corresponding period, up from its previous guidance of 11% to 15%.WEB Travel's fiscal 2027 first half underlying earnings before interest, taxes, depreciation, and amortization (including corporate costs) is now expected to be between AU$85 million and AU$89 million, up from previous guidance of between AU$80 million and AU$86 million.
Web Travel Group (ASX:WEB) raised its first-half outlook, forecasting WebBeds' total transaction value margin of at least 6.7% and revenue growth of 14% to 16%, ahead of its previous guidance of 6.5% and 11% to 15%, respectively, according to an Australian bourse filing on Wednesday after market hours.Operating leverage is expected to drive earnings before interest, taxes, depreciation, and amortization (EBITDA) growth ahead of revenue growth, lifting the company's first-half underlying EBITDA guidance to AU$85 million to AU$89 million from the previous AU$80 million to AU$86 million range, the filing added.
WEB Travel Group (ASX:WEB) said the voting power of Macquarie Group (ASX:MQG) and its controlled bodies corporate in the firm fell to 6.97% as of Aug. 4 from 8.27% previously, according to a Monday Australian bourse filing.As of Aug. 4, Macquarie held 25.2 million FPOs of the firm.
Here are the ASX-listed companies with the biggest losses on Tuesday.FireFly Metals (ASX:FFM): -5%, AU$1.77Tabcorp Holdings (ASX:TAH): -3%, AU$0.87Predictive Discovery (ASX:PDI): -2%, AU$0.65The Lottery Corporation (ASX:TLC): -2%, AU$5.49Tamboran Resources CDI (ASX:TBN): -2%, AU$0.23Ampol (ASX:ALD): -2%, AU$39.13Stanmore Resources (ASX:SMR): -2%, AU$2.27Webjet Group (ASX:WEB): -2%, AU$3.46Viva Energy Group (ASX:VEA): -1%, AU$2.75Flight Centre Travel Group (ASX:FLT): -1%, AU$13.16
Web Travel Group (ASX:WEB) confirmed it will defend class action proceedings filed against the company by Slater and Gordon in the Victoria Supreme Court on Thursday, according to a Friday filing with the Australian bourse.The proceedings were filed on behalf of a group of shareholders who acquired an interest in company shares between March 21, 2024, and Oct. 13, 2024, with allegations of contraventions in relation to misleading or deceptive conduct and continuous disclosure obligations concerning total transaction value margin representations, the filing said.Shares rose nearly 2% in morning trade Friday.
(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.
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.
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.
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.
(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.
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.
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.
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.
(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.
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.
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.
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.
