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Webjet Group Ltd ASX:WJL

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 5 managers in total.

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Opened or increasedHeldReduced or exited Start or end of the position not reported

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20252026

8 Mar 2025 to today

Commentary Showing 2 of 6

DateManagerActionSummary

31 May 2025Tamim Funds ManagementExitThe manager exited their position in Webjet (ASX: WJL) after two strategic investors, Bain Capital and Helloworld, emerged on the register during April and May, aggressively buying shares on market. The manager notes that Bain subsequently made a conditional bid and the stock reached 90 cents. Having acquired the position during March and April at an average price below 55 cents, the manager decided to take the gain and exit, realising the takeover thesis that the company was vulnerable to an opportunistic acquirer.

Monthly Report, price recorded $0.90

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31 May 2025Wilson Asset ManagementHeldWilson Asset Management continues to hold Webjet Group Ltd because the fund views the company as resilient, with FY2025 results demonstrating that higher-margin international flight bookings can largely offset an overall downturn in bookings. Wilson Asset Management notes that investor confidence was further boosted by a non-binding takeover offer from BGH Capital at $0.80 per share, which Webjet rejected as materially undervaluing the group. The fund expects a higher offer to follow, driving a sharp share price rally.

M&AMonthly Report, price recorded $0.90

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4 more comments on WJLPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 5 managers first commented on WJL.

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Articles

31 May 2025Webjet Group ASX WJL Fund Managers On The 2025 Takeover Contest

About Webjet Group Ltd

Consumer Discretionary, Hotels, Restaurants and Leisure

Webjet Group (ASX:WJL), the consumer online travel agency spun out of Web Travel Group, attracted competing corporate interest that rewarded value investors. In May 2025, Wilson Asset Management noted the shares performed strongly after in-line FY25 results and a takeover offer, while Harvest Lane described Helloworld Travel and investor Gary Weiss vying for control. Tamim Funds Management had earlier highlighted Webjet as one of Australia's most recognised travel brands, with around six million customers and $1.5 billion in sales, and a market value of about $200 million backed by $100 million of net cash. Webjet Group operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 6 comments from 5 fund managers, including Wilson Asset Management, Harvest Lane, Tamim and Endeavor. Founded in 1998 and headquartered in Melbourne, Webjet operates the Webjet online travel agency alongside Airport Rentals, Motorhome Republic and GoSee.

Market cap: $102m
Price to earnings: 44.6x
Return on equity: 2.6%
Dividend yield: 9.3%
Price to book: 1.11x
Net margin: 2.6%
52-week range: $0.26 to $0.92

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Webjet Group Ltd (ASX:WJL)?

Fund managers including Endeavor Asset Management, Naos Asset Management, Wilson Asset Management, Harvest Lane Asset Management and Tamim Funds Management have invested in Webjet Group Ltd (ASX:WJL).

What opportunities or catalysts do fund managers highlight for Webjet Group Ltd?

Fund managers highlight takeover interest from Helloworld and a consortium involving Gary Weiss, a strong consumer brand with millions of customers and a balance sheet with substantial net cash relative to its market value, according to Tamim and Harvest Lane.

What are the key risks to the Webjet Group Ltd investment thesis, according to fund managers?

The available commentary focuses on corporate activity rather than risks, though Endeavor exited after the demerger once its valuation target was met, and the business remains exposed to the travel cycle and competition from global online travel agencies.

What does Webjet Group Ltd (ASX:WJL) do?

Webjet Group Ltd. is an online travel agency headquartered in Melbourne, Australia. Founded in 1998, the company operates a diverse portfolio of travel brands, including Webjet OTA, Airport Rentals, Motorhome Republic, and Trip Ninja. The firm focuses on providing comprehensive digital travel services to its customer base.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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