Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Webjet Limited Raises $92m, Shares Flop

Online travel bookings website Webjet Limited (ASX:WEB) announced a successful $92 million capital raising from institutional investors on Wednesday. 

Online travel bookings website Webjet Limited (ASX: WEB) announced a successful $92 million capital raising from institutional investors on Wednesday.

In a public filing earlier this week, Webjet announced the acquisition of Dubai’s Destinations of the World (DOTW) for $240 million.

As Rask Media reported here, the deal is being funded from a mix of debt, shares issued to DOTW management and investors, and a fully underwritten accelerated pro-rata non-renounceable entitlement offer. (Click here to learn what that means).

Today, Wednesday, the company said up to 97% of shares offered to institutional investors were purchased at the offer price of $11.50.

“There was also a very high level of demand for the small amount of shortfall stock from new and existing investors,” the company noted.

Webjet said it will now turn its focus to retail investors who have the opportunity to buy 1 new share for every 9 normal shares they currently own, according to an ASX statement.

Webjet shares closed 7.6% lower on Wednesday.

Investing Is Hard

Capital raisings, trading halts, good news, bad news. Investing is hard.

I recently sat down with Tony Hansen, portfolio manager and founder of EGP Capital – he made it sound so simple! Tony is a fantastic thinker and provides unique insights into what it takes to be truly successful in work and life, especially in investing.

You can download my conversation with Tony using the link to SoundCloud below. It’s also free to stream on iTunes, Castbox, YouTube or wherever you choose to listen.

*As voted by us

itunessoundcloudcastboxdownload

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content