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Still tracking this one. Formed a higher low and volume falling still. Will be interesting to see if it breaks out.
WTF - Wotif.com Holdings
- Thread starter scsl
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- wotif.com holdings wtf
skc
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WTF's CEO Robbie Cooke resigned to take up the CEO of Tatts.
Outgoing CEO of Tatts is Dick McIlwain, who happens to be the Chairman of WTF.
WTF all round!
Outgoing CEO of Tatts is Dick McIlwain, who happens to be the Chairman of WTF.
WTF all round!
Wotif has a good business model and has the largest market share of the TPI (third party internet) bookings in Australia. however bookings overall are declining
Consumers / travellers are getting smarter and smarter on how to book their accommodation
Most user's will use Wotif to compare prices and then book direct at the hotel website for several reasons:
1) save on booking fees
2) most of the time you can negotiate direct with the hotel and get a discount, as all hotels must pay circa 10% commission to wotif, so the hotel would actually rather take the booking direct with the consumer and provide a smaller discount
3) consumers can get points,miles paying direct to the hotel's loyalty program
also, the CEO Robbie Cooke got very greedy with their suppliers of hotel room's and lost their largest client (large national hotel chain) a while back as they wanted control over the inventory of rooms (including penthouses and premium suites)
cheers
Consumers / travellers are getting smarter and smarter on how to book their accommodation
Most user's will use Wotif to compare prices and then book direct at the hotel website for several reasons:
1) save on booking fees
2) most of the time you can negotiate direct with the hotel and get a discount, as all hotels must pay circa 10% commission to wotif, so the hotel would actually rather take the booking direct with the consumer and provide a smaller discount
3) consumers can get points,miles paying direct to the hotel's loyalty program
also, the CEO Robbie Cooke got very greedy with their suppliers of hotel room's and lost their largest client (large national hotel chain) a while back as they wanted control over the inventory of rooms (including penthouses and premium suites)
cheers
skc
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Totally agree and same with WebJet. They both have first mover advantages in the early days and developed good website interfaces etc. But it's so easy to just go around them and book direct with the hotel / airline, sometimes cheaper...
WEB share price and profits however are also gravity-defying.
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The sp is really going WTF today! Anyone knows what the smoke is about? 
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I heard something about them increasing their margins! Thrilling.
It was a bit undervalued and down due to loss of founding CEO.
It was a bit undervalued and down due to loss of founding CEO.
The sp is really going WTF today! Anyone knows what the smoke is about?
Is is possible that the price movement is in reaction to an article on the eureka report regarding speculation on a takeover by webjet?
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Is that for real? FLT would have been more believable I think....
WTF:
market cap - $891 mil
revenue (2012) - $145 mil
profit (2012) - $58 mil
WEB:
market cap - $316 mil
revenue (2012) - $59 mil
profit (2012) - $14 mil
Nothing on AFR if there is anything like this AFR
Would have the scoop anything else I don't think credible
More like shorter pull out and covered their position
That is muh more plausible.. 1bn worth of short position got pull
Since last week WTF Carsales all heavily shorted
Trembling Hand
Can be found on the bid
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Not really as 80% of it has been covered mostly over the first two weeks of October. Most of the shorts have gone.
skc
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The sp is really going WTF today! Anyone knows what the smoke is about?
In the AGM they said trading is going well and they will push through 2x 1% increase in commission.
The share price has been pushed down a fair bit since their profit report as the market seem to price them ex-growth. This development seem to swing the gauge back the other direction.
There is a big difference between PE multiple of growth (e.g. 22x like CRZ) and ex-growth (probably 11-12x), so I'd expect WTF to move towards the middle ground and with some good tradable ranges until the next update / result.
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Anyone tracking this one?
I got in at $4.95. It seems to have consolidated the last few trading days.
The gap up on lower volume looked quite strong as it broke through the high volume bar.
I got in at $4.95. It seems to have consolidated the last few trading days.
The gap up on lower volume looked quite strong as it broke through the high volume bar.
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Here is the chart.
Country Lad
Off into the sunset
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Yes in at $5 when it broke. Seems to be losin a bit of momentum.
Cheers
Country Lad
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I'm looking to add more tomorrow.
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A good day today. I bought more at $5.15
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Continues to make good progress. Back up over $5.30 today.
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Breaking it into new (positive) momentum...
