
Pherous cashes out another $39m chunk of travel company
Corporate Travel Management’s Jamie Pherous has cashed in 1.7 million shares in the company for a $39 million payday.
Corporate Travel Management’s Jamie Pherous has cashed in 1.7 million shares in the company for a $39 million payday.
Corporate Travel founder and managing director Jamie Pherous has sold down his stake in the company for $31 million.
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Collection House has told investors it needs another four weeks to finalise its negotiations with senior lenders and to deliver its accounts.
Bank of Queensland remains high on the list of short sellers in the market because of concerns it underperformed and had a weak outlook.
Brisbane’s travel duo Flight Centre and Corporate Travel Management are defying gravity with share prices rising steeply on the back of renewed hope for the tourism market.
Investors have piled into Flight Centre in the past week, setting its share price on a dramatic rise of 30 per cent in a week.