A: Webjet (WEB) has strengthened its balance sheet by completing a capital raising at $1.70 per share. The brokers see value, with a consensus target price of $3.76 – some 66% higher than its current ASX price of around $2.26.

My guess is that while Webjet will survive, there are too many uncertainties in this whole travel/accommodation area. We just don’t know yet what the medium term disruption impacts might be  – particularly changes in consumer/business behaviour. If looking at travel, I prefer a more “pure-play” exposure like Qantas.