a buy back ?, page-7

For a company with $2.79 billion in revenue for the first half, this has to be under valued now. Especially with profits coming.

Virgin has rebranded into a premium airline, purchased subsidiary airlines like Tiger, Skywest etc, completing a major debt reduction program, has a growing loyalty program, proven that there is room for two major domestic carriers in Oz with Qantas, has fuel hedged etc etc... it’s following a very similar restructuring to Qantas over the last 5 years and they’re just starting to come out the other side of the restructure where profits will increase.

If Qantas is considered cheap at roughly $9.7 billion market cap with half yearly revenue of $8.6 billion, I would have thought Virgin should be around $3 billion market cap at a minimum? 35 cents?