Stock Market News: Travel Stocks
Back on October 25th Henry wrote up four travel stocks as an Idea of the Day
At the time his order of preference was:
#1 Webjet (WEB)
#2 Helloworld (HLO) (mainly because of liquidity)
#3 Flight Centre (FLT) and
#4 Corporate Travel (CTD).
Some water has flowed under the bridge since with a good gain for the sector. Since then these travel stocks have seen:
- CTD reconfirm guidance and rise 11.6%
- FLT have held their AGM and guided to challenging times. The stock is down 0.05%
- HLO have also held its AGM the stock is up unchanged since our recommendation.
- WEB have today held their AGM. The stock is up 14.7% as it has confirmed EBITDA, which excludes one off revenues and costs and the impact of AASB16, to be between $157m and $167 million. This represents growth of approximately 26-34% over FY19, and 16-23% organic EBITDA growth. Stick with WEB.
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