yep. the market is factoring in that an increase of that amount...

yep. the market is factoring in that an increase of that amount would more than easily offset a decline in bookings (IMO) and therefore all of that gain flows straight through to the bottom line.

it's a tactic the toll roads use... bump up the toll, an initial drop in numbers and then they come back and the revenue is higher for exactly the same costs.

I think that combined with "our profit is holding steady and we have upside" has seen the re-rating.

I am going to take some profit on my last trade though.... as this stock has a habit of spiking and sinking.