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WEB, WEBJET LIMITED
nipper
post Posted: Sep 23 2019, 02:34 PM
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UK’s Civil Aviation Authority said Thomas Cook had now ceased trading and it will work with the British government to bring the more than 150,000 British customers home over the next two weeks. The group’s four airlines will be grounded and its 21,000 employees in 16 countries, including 9000 in the UK, will be left unemployed.

Australian firm Webjet said Thomas Cook was one of the customers of its WebBeds B2B business and it would take a $7 million hit as a result of the UK firm’s collapse.

The debt-laden Thomas Cook had said on Friday it was seeking £200 million to avoid going bust, and was in talks with shareholders and creditors to stave off failure.

“Despite considerable efforts, those discussions have not resulted in agreement between the company’s stakeholders and proposednew money providers,” Thomas Cook said in a statement. "The company’s board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.”

always thought the travel biz was the ultimate Ponzi scheme. Take customers' money months in advance, but don't pay suppliers until completion.

And ...(MORE: UK starts largest peacetime repatriation !!)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
gatsby321
post Posted: Oct 23 2010, 07:56 PM
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In Reply To: Marsupial's post @ Aug 11 2009, 10:27 PM

Think you are right. Did you see Sydney airports jump in passengers. Strong doolar means lots of Aussies heading overseas and this is very profitable for WEB

 
Marsupial
post Posted: Aug 11 2009, 10:27 PM
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Bought into WEB today. I think it has a very exciting future over next couple of years. Flight Centre went to $30 some years ago. Not saying WEB will get there but it is on similar path to Wotif.

 
BSA
post Posted: Jun 12 2009, 03:09 PM
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In Reply To: Brendan's post @ Jun 12 2009, 03:03 PM

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TA wise this looks like it may run again.


Seeing as its Webjet shouldn't it fly rather than run? smile.gif



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Brendan
post Posted: Jun 12 2009, 03:03 PM
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TA wise this looks like it may run again.

 
RADIO
post Posted: Aug 6 2007, 12:57 PM
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user posted image
Recent ShareScene.com Radio Broadcast (02/08/2007 12:30:00):
WEB - 2007 Full Year Results - Mr David Clarke, MD

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
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sentifi.com

Share Cafe Sentifi Top themes and market attention on:


RADIO
post Posted: Apr 17 2007, 02:25 PM
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SHARESCENE TV: Sharemarket Video Updates 6 Times a Day + Regular Broker Interviews + Educational Video Tutorials. Check out this site's very popular new feature.
Click here to Visit ShareScene TV

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user posted image
Recent ShareScene.com Radio Broadcast (16/04/2007 12:10:00):
WEB - 2007 Third Quarter Results - Mr David Clarke, MD

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
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shan
post Posted: Apr 11 2007, 10:52 AM
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share buyback- major shareholder (GIW HoldingsCV) selling out- WEB buying back their 8.4% holding-about 27.3 million shares,also on market buyback of approx 14.8 million shares.
pleased about reduction of shares on issue but would like to see major shareholders come on to register rather than leave.buyback will cost about 12.4 million so will still have money for aquisitions or other purposes. Looking forward to profit guidance and dividend policy to be released on 16 April so hope it is all good news!

 
matthewp
post Posted: Feb 11 2007, 06:39 PM
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In reply to: SAM172 on Saturday 10/02/07 12:43pm

I understand your concen, but this business speaks for itself. It is fundamentally strong with no hidden costs................. The balance sheet that was just released is the most informed.

 
SAM172
post Posted: Feb 10 2007, 12:43 PM
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In reply to: matthewp on Friday 09/02/07 04:47pm

Do you think director who sold most of his holdings this week shares your views ? ohmy.gif


I wonder who's more informed .... weirdsmiley.gif



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Uncle Sam
 
 


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