AFR confirms multiple bidders interested in WEB, page-22

if you look at webjets growth, they have effectively grown revenue at around 25% pretty consistently for the last 5 yrs, this was mainly due to b2c growth, we are now seeing b2b growth kicking in and margins are improving due to rezchain technology. if webjet can sustain 25% revenue growth, and improve margins to 50% as they say it is very easy to see the share price trade towards $40 in the next 3 years while maintaining a P/e of around 30 and a peg of 1. This is an unbelievably well managed growing business. Throw a potential T/O offer in the mix and i am struggling to understand why the market is not waking up quicker, but thats the market.