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ACCC Targets Webjet for Alleged Misleading Pricing Practices
November 28, 2024 02:25 PM AEDT| By Team Kalkine MediaHighlights,Webjet (WEB) faces legal action over alleged misleading price practices,.,The ACCC claims hidden fees inflated flight prices and misled consumers,.,Webjet responds, asserting improved transparency in pricing practices,.,Webjet (ASX:WEB) is...
Citi Raises Web Travel Group Target Price Amid Positive FY25 Outlook
November 28, 2024 12:59 PM AEDT| By Team Kalkine MediaHighlights,EBITDA Upgrade:,Citi upgraded its FY25 EBITDA estimate for Web Travel Group's business travel distribution segment by approximately 4%, citing better-than-expected outlooks.,Revenue Growth:,The company reported 1H FY25 revenue of AU$170.4...
Webjet Faces Federal Court Over Alleged Misleading Practices and Fee Disclosures
November 28, 2024 12:45 PM AEDT| By Team Kalkine MediaHighlights,Misleading "Cheap Flights" Ads:,The ACCC alleges Webjet advertised low flight prices across its platforms, including its website, mobile app, social media, and promotional emails, without prominently disclosing mandatory fees.,Booking Fail...
Harvey Norman Faces Challenges Amid Sector Pressure (ASX:HVN)
November 28, 2024 11:42 AM AEDT| By Team Kalkine MediaHighlights,Harvey Norman downgraded to neutral amid competitive pressure,.,New Zealand retail conditions,remain,a concern for the company,.,Company founder refutes claims of losing market share to rivals,.,Harvey Norman (ASX:HVN), a leading retailer...
Star Entertainment's Strategic Overhaul to Navigate Financial Challenges
November 28, 2024 11:40 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment posts losses due to operational challenges.,CEO Steve McCann outlines restructuring plans to address financial issues.,Company shares show improvement despite ongoing difficulties.,Star Entertainment Group (ASX:SGR) is n...
Eneco Refresh (ASX:ERG): Evaluating Growth and Market Momentum
November 28, 2024 11:11 AM AEDT| By Team Kalkine MediaHighlights,Eneco Refresh saw a sharp jump in share price recently, gaining 40%,.,The company's revenue growth aligns closely with broader industry trends,.,Shareholders,remain,optimistic due to consistent growth metrics over three years,.,Eneco Refre...
Collins Foods (ASX:CKF) Rises Quarterly but Lags Over Three Years
November 27, 2024 07:45 PM AEDT| By Team Kalkine MediaHighlights,Collins Foods CKF shares rise 14% in the last quarter.,Three-year performance shows a 39% decline, trailing broader market trends.,Fundamental factors play a key role in understanding long-term movements.,Collins Foods Limited (ASX:CKF) ex...
European Travel Woes Challenge Web Travel Earnings, But Momentum Builds
November 27, 2024 06:34 PM AEDT| By Team Kalkine MediaHighlights,Web Travel Group earnings impacted by European travel disruptions.,Underlying profit remains robust, fueling positive market sentiment.,Strong cash flow supports $150 million share buyback initiative.,Web Travel Group (ASX:WEB) experienced...
Web Travel Group Shares Soar 14.2% on Revenue Growth and Buy-Back Announcement
November 27, 2024 02:09 PM AEDT| By Team Kalkine MediaHighlights,Shares hit,AU$4.83,, marking their biggest intraday gain since May 22.,Half-year revenue,rises to,AU$170.4 million,, a 1% year-on-year increase.,Announces,AU$150 million share buy-back,, signaling confidence in financial stability.,Shares...
Web Travel Group Reports Mixed Results and Unveils $150M Buy-Back Plan
November 27, 2024 11:55 AM AEDT| By Team Kalkine MediaHighlights,Web Travel Group posts mixed half-year results following the B2C demerger,.,WebBeds,sees growth in transaction value but faces margin challenges,.,Announces a $150m buy-back program alongside financial updates,.,Web Travel Group (ASX:WEB)...
Beston Global Food to Wind Down Operations Amid Buyer Withdrawal
November 26, 2024 05:34 PM AEDT| By Team Kalkine MediaHighlights,Beston Global Food to undergo an orderly wind-down after administration.,Production operations to cease in early December.,Key buyer withdrawal triggered the decision.,Beston Global Food, the Australian-listed company known for its Edwards...
Renewed Energy Rules Brighten Prospects for Frontier Energy’s Solar Project
November 26, 2024 03:41 PM AEDT| By Team Kalkine MediaHighlights,Regulatory updates in Western Australia boost the revenue outlook for energy projects.,Frontier Energy benefits from a significant increase in capacity pricing.,Upcoming Definitive Feasibility Study to reflect strengthened project economic...
Schaffer's (ASX:SFC) Returns On Capital Spark Investor Concerns
November 26, 2024 03:34 PM AEDT| By Team Kalkine MediaHighlights:,Schaffer's return on capital employed (ROCE) has decreased from 27% to 11% over the past five years, aligning with the industry average.,Despite a reduction in short-term returns, increased revenue and assets indicate the company is prior...
Webjet Shares Slide Following First Post-Demerger Results
November 26, 2024 12:07 PM AEDT| By Team Kalkine MediaHighlights,Webjet shares fell 2% to 82.5 cents after half-year results were released.,Bookings, total transaction value (TTV), and revenue declined due to tough economic conditions.,Net profit after tax rose 2.2%, driven by a focus on higher-margin p...
Endeavour Group (ASX:EDV) Explores New Technology for Gaming Machines in Victoria
November 26, 2024 11:16 AM AEDT| By Team Kalkine MediaHighlights,Endeavour Group plans a trial of electronic gaming technology in Victoria by 2025.,Focuses on harm,minimisation,and compliance with government regulations.,Engages in discussions with authorities for anti-money laundering and harm reductio...
Exploring Challenges and Opportunities for Experience Co. (ASX:EXP)
November 26, 2024 11:09 AM AEDT| By Team Kalkine MediaHighlights,Experience Co. faces challenges from economic conditions and weather impacts,.,The company is diversifying beyond skydiving into adventure experiences,.,Visitor recovery,remains,key for revenue growth amid global uncertainties,.,Experience...
Treasury Wine Estates (ASX:TWE) Sees Hopeful Signs Amid Long-Term Challenges
November 25, 2024 04:09 PM AEDT| By Team Kalkine MediaHighlights,Treasury Wine Estates,experiences,a 4.3% rise in stock value over the past week,.,The company's earnings per share and share price have declined over the past five years,.,Dividends contributed positively to total shareholder return despit...
LiveHire Shares Surge 66% Following $0.045 Per Share Takeover Bid by Humanforce
November 25, 2024 01:31 PM AEDT| By Team Kalkine MediaHighlights,Share Price Surge,:,LiveHire,shares,jumped nearly 66%,after an announcement of an,all-cash, unconditional takeover offer,by,Humanforce Holdings,.,Takeover Offer,: Humanforce, which already holds,87.76%,of LiveHire shares, is offering,$0.04...
Streamplay Expands Global Gaming Presence with Acquisition of Noodlecake Studios
November 25, 2024 01:25 PM AEDT| By Team Kalkine MediaHighlights,Acquisition,: Streamplay has signed a binding Share Sale Agreement to acquire 100% of Noodlecake Studios, a profitable North American indie gaming company.,Financials,: Noodlecake has achieved over 270 million downloads and generated AU$42...
SG Fleet Confirms AU$1.2Bn Takeover Proposal from Pacific Equity Partners
November 25, 2024 12:17 PM AEDT| By Team Kalkine MediaHighlights,Takeover Proposal,: Pacific Equity Partners (PEP) offers AU$3.50 per share, valuing SG Fleet at AU$1.2 billion.,Exclusivity Period,: SG Fleet grants PEP exclusivity for due diligence until November 29.,Market Reaction,: SG Fleet shares jum...
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