ASX Announcements
April
‘Personal support’: Pherous’ $16m share transfer to ill colleague
Corporate Travel Management’s CEO has reshuffled his private interests, and 1 million of his personal shares have been gifted to long-time deputy Laura Ruffles.
- Liam Walsh
March
Corporate Travel’s margins from refugee work could be more than 50pc
The ASX-listed group, which better known for organising trips for business clients, has sought to keep details of the United Kingdom contract secret.
- Liam Walsh and Jonathan Shapiro
- Opinion
- Earnings season
Corporate Travel and Reece trip up traders in wild reporting season
They are two very different companies. But the difference between earlier remarks and their final results set the scene for massive share price swings.
- Jonathan Shapiro
February
Corporate Travel shares sink as earnings miss forecasts
The travel booking agency has been hit by macro conditions and timing delays for its controversial UK immigration contracts.
- Ayesha de Kretser
November 2023
This fundie is betting against the ResMed sceptics
ECP Asset’s Andrew Dale remains confident in the stock despite the Ozempic-related fears, and explains why he still thinks Domino’s Pizza is a buy.
- Joanne Tran
The factors that could block Flight Centre’s resurgence
The global travel agency says transactions have been rising after the pandemic. But the bigger question among the bears is whether its profit margin can hit a lofty target.
- Liam Walsh
October 2023
Corporate Travel hired for Israel evacuation work
The travel agency also promised shareholders a $100 million share buyback at its AGM on Wednesday.
- Liam Walsh
August 2023
Corporate Travel faces fallout over UK refugee barge
Fund managers are sticking with the company, but the Bibby Stockholm barge has sparked concerns from some investors, who fear it is a high-risk, high-profile job that will backfire.
- Liam Walsh and Ayesha de Kretser
July 2023
Corporate Travel rides wave of UK contract to keep earnings afloat
The listed travel agent is facing a backlash in the United Kingdom as media baulks at the size of its contracts to house asylum seekers.
- Ayesha de Kretser
Corporate Travel seeks fourth CFO in four years
The travel company says an opportunity with a bigger company, TechnologyOne, came up for its top number cruncher.
- Liam Walsh
April 2023
- Opinion
- Sharemarket
How to stock pick during times of market stress
With more economic pain likely to come from higher interest rates, macro data will continue to be heavily scrutinised and have a larger than usual impact on the direction of the sharemarket.
- Kelli Meagher
Analyst confidence in Corporate Travel grows after UK contract win
The $3 billion agreement to provide the UK Home Office with accommodation and travel services runs for two years.
- Lucas Baird
February 2023
- Updated
- Earnings season
Travel spend avoiding recession clouds: Flight Centre
Flight Centre earnings rebound but it douses hopes of a dividend this year. And its cycle retail division, including 99 Bikes, slows dramatically.
- Liam Walsh
What’s behind the biggest yo-yo trade this earnings season
Corporate Travel Management shares were smashed on releasing earnings results last week. Then the fans swarmed.
- Liam Walsh
Corporate Travel shares smashed, talks down recession fears
Earnings miss expectations for the business travel giant, but it is predicting a full-year boost.
- Updated
- Liam Walsh
November 2022
Flight Centre’s take-off undershoots analyst hopes
The travel giant’s annual shareholding meeting showed a recovery is afoot, but the company also had some warnings for travellers.
- Liam Walsh
August 2022
- Updated
- Earnings season
Flight Centre eyes rebound, but 99 Bikes has stock stack
The travel giant narrowed its full-year loss to $287 million, and says its underlying earnings are turning around from the pandemic’s depths.
- Updated
- Liam Walsh
Corporate Travel pays $15m bonus despite missed target
The company said it rewarded executives because of an earnings rebound in difficult conditions. Investors, meanwhile, have questioned the bonus structure.
- Liam Walsh
July 2022
How Jamie Pherous came to lend $13m to law firm Shine
A board-level introduction for a private loan shows how potential conflicts of interest can be open to many interpretations.
- Liam Walsh
May 2022
‘Travel’s back, baby’: Webjet upbeat on higher bookings
But detail about airline commission cuts has sparked concern about the financial hit to travel agents across the sector.
- Liam Walsh