Massive Profits For Wotif Investors

The hard work now begins for Wotif after a spectacular debut on the ASX in which its share value increased by more than 65%. This followed heavy oversubscription of its public offer in which a lucky few – mostly at the big end of town – were able to buy shares in the hotel booking for company for just $2. Those same shares were worth $3.32 by the close of business on Friday. They are now trading around $3.40. CEO Graeme Wood said the company was firmly focused on growth: “The plan going forward is simply keep on doing what we are doing – grow the business in the Australian and NZ markets” while looking for international opportunities.

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