Wow.. This is huge. Geoff Wilson has seen the light. This was in...

Wow.. This is huge. Geoff Wilson has seen the light. This was in the AFR today.



Geoff Wilson, Wilson Asset Management

Long Virgin Australia (VAH:ASX)

Wilson Asset Management chairman Geoff Wilson had the crowd stumped when he introduced his diamond in the rough as an ASX-listed company with $5 billion of revenue, a $1.9 billion market cap, but left behind by the market. The intrepid fund manager revealed his discovery was Virgin Australia Holdings: "Arm the doors, cross check, and be ready to take off."

Wilson says Virgin is on track to extract close to $1 billion of costs via annualised savings of $350 million over three years. "They're doing what Qantas was doing two-and-a-half years to three years ago." More importantly, much of those savings - 70 per cent - will flow through to the bottom line. Virgin will be in an earnings upgrade cycle for the next 12 months at least, and those profits have already been starting to flow through.



Read more: http://www.copyright link/markets/s...e-top-investors-20171116-gzmwcr#ixzz4yf5Jzvy4
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