Webjet – Opportunity Approaches

Webjet is under Algo Engine buy conditions.

FY19 earnings grew at 43% and were ahead of market consensus.  EBITDA was $125mn. FY20 guidance is now between $150mn and $200mn, representing 30%+ growth for next year.

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The stock trades on a 1.9% dividend yield. Webjet goes ex-div $0.135 on 18th Sept and we expect our buy target of sub $12.00 to occur.

We see buying supporting building within the $11.50 to $12.00 range.

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