Ann: Flight Centre Invests In BYOjet Group, page-20

Only my opinion

I think BYOjet needs the money and distribution so that it can scale , travel is a very tough business these days and scale is what is needed to suceed

Why do you think wotif sold out to expedia ?

Lets say flight centre ultimately pay's 50 million to fully own byo jet its still cheap.

remember there p e ratio is 15 so EBITA of 2.6 million is worth 39 million to there value and lenny and team have done all the work

The part i hate is that the share price wont reflect any of this in a major way until we see the $$$$ in the bank

Merry xmas