HelloWorld Travel Limited’s Shares Plunged on ASX post-release of the offloaded shareholding of its Executive Directors and Qantas.

  • Oct 01, 2018 AEST
  • Team Kalkine
HelloWorld Travel Limited’s Shares Plunged on ASX post-release of the offloaded shareholding of its Executive Directors and Qantas.

On October 1, 2018, HelloWorld Travel Limited (ASX: HLO) made an announcement regarding the share sale by the executive directors and Qantas. Cinzia Burnes and Andrew Burnes have decided to unload 2.5 million each at the price of $5.50 per share. However, for the same price, Qantas has decided to unload 2 million shares. After HelloWorld came out with its FY 2018 results, the company received many enquiries related to the liquidity opportunities from the domestic and international investors. According to Andrew Burnes, the share sale done by him would help in increasing the shareholder base of the company. The increase in the liquidity might also make the HelloWorld feature in ASX300 list moving forward.

As far as Burnes interests are concerned, the share sale by them reflects around 11.4% of the total shareholding. Coming to the share sale done by Qantas, their sale reflects around 9.4% of its total shareholding. However, post-sale, Qantas total shareholding has now been trimmed to 15.4%. The stake sale from both the shareholders has been made to the fund managers. This sale would help HelloWorld to gain liquidity in the market. This step of selling the shares represents a significant move. As compared to Flight Centre, the company’s competitor, it shares have been trading at a significant discount. 

During the times of acquisition, HelloWorld would be backed by the support of the equity markets. In 2015, The Australian Outback Travel Company or AOT, a private company, got merged with HelloWorld. Andrew and Cinzia Burnes were the key persons heading AOT. However, it seems like the share sale was unable to cheer up the investors. The market reacted negatively to the news leading to a fall 1.658% in the shares of HelloWorld Travel Limited at the time of writing on October 1, 2018. The company has a market capitalization of $750.78 million.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK