Webjet: strong revenue growth despite competition

Robert Frost

OC Funds Management

A recent portfolio addition, Webjet (WEB) was a strong performer during October. WEB operates Australia’s largest independent travel website with the company specialising in domestic and international online flight bookings, which is where it derives the bulk of its revenues. Despite many competitive threats over the years, WEB continues to deliver very strong revenue growth in its core flights business. It also has a growing accommodation business which is showing excellent growth prospects, particularly in the Middle East and Africa. We are attracted to WEB’s capital-light, high-growth business model and the company is now a core portfolio holding. (VIEW LINK)

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Robert Frost
Head of Investments
OC Funds Management

Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.

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