As per an ABC report this week on the consideration of privatising, Credit Suisse was mentioned valuing the share price at 30 cents. I think that's conservatative right at a point when the airline is starting to make a profit together with the expanded and growing routes into China and abroad. The airline now will take a good chunk of business from Qantas because of their synergies with the other owners, so as a shareholder I am quite happy to go along for the ride.
VAH Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held