0227 GMT - Morgans analyst Belinda Moore wonders what Helloworld's intentions are regarding its stake in rival travel agent Webjet. Helloworld has built a 15% stake in its larger rival, and Moore is looking forward to hearing from management about what they plan to do with it. She points out that consumer-focused Webjet is in play after it received a A$0.80-per-share proposal from BGH Capital. Webjet rejected the proposal as undervaluing the company, but Moore tells clients in a note that Helloworld appears to have paid about A$0.90 a share for its stake. Morgans has a hold rating and a A$1.76 target price on Helloworld shares, which are down 2.3% at A$1.50. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 22:27 ET (02:27 GMT)
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