web $72 cap tvl $13 million cap _____, page-6

Hi,

I think both ways would be positive, given the multiples you can see in REA or WEB for eg., 13million cap for TVL is really quite crazy.

www.lastminute.com.au is one of the top hit websites, and the integrated new tech of www.travel.com.au I think in the near future will pull in revenues even better then Webjet. Lets hope we see some evidence of this in the next report.

I think if any of the large travel companies had any brains they would launch a t/o for 40c or so, since I think they would be getting quiet a bargain. Maybe they are negotiating a full t/o with Sabre, could explain the sudden interest mid-july?

Have you tried ringing them?