Insights

ASX 200 down 0.3%: Webjet completes note offering, Xero pushes higher

Webjet Limited (ASX:WEB) and Xero Limited (ASX:XRO) shares are among the movers and shakers on the ASX 200 on Monday…
The post ASX 200 down 0.3%: Webjet completes note offering, Xero pushes higher appeared first on The Motley Fool Australia. –

Worried young male investor watches financial charts on computer screen

At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a disappointing note. The benchmark index is currently down 0.3% to 6,975.5 points.

Here’s what is happening on the market today:

Webjet settles its convertible note offering

The Webjet Limited (ASX: WEB) share price is trading lower today after announcing the successful settlement of the issue of $250 million convertible notes due in 2026. As a result, the notes will be listed on the Singapore Stock Exchange on 13 April. In addition, the online travel agent has received conversion notices for 100 million euros of its existing 2.5% convertible notes due in 2027. This has resulted in the issue of 39,682,298 ordinary shares and a cash payment of A$33.3 million.

Xero share price climbs on broker note

The Xero Limited (ASX: XRO) share price is pushing higher today after being the subject of a positive broker note out of Goldman Sachs. According to the note, the broker has retained its buy rating but trimmed its price target slightly to $153.00. Goldman was pleased with its recent acquisitions of Tickstar and Planday and sees an attractive opportunity in the Scandinavia market. Its industry data also appears to indicate that Xero has continued its strong growth.

Perenti contract win

The Perenti Global Ltd (ASX: PRN) share price is edging lower today despite announcing a major contract win. According to the release, the engineering company’s subsidiary, African Underground Mining Services, has secured a new two-year contract to continue operations at AngloGold Ashanti’s Geita Mine in Tanzania. The two-year contract will take effect immediately and increases Perenti’s current work in hand by ~A$235 million.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Monday has been the Pilbara Minerals Ltd (ASX: PLS) share price with a 4% gain. This may have been driven by a positive update from one its lithium rivals. The worst performer has been the Kogan.com Ltd (ASX: KGN) share price with a 5% decline on no news. This latest decline means Kogan’s shares are now down 35% since the start of the year.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post ASX 200 down 0.3%: Webjet completes note offering, Xero pushes higher appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!