A head to head comparison of Jets half year results when...

A head to head comparison of Jets half year results when compared to HWT makes interesting reading and highlights just how under valued JET really is.

In rough numbers comarisons are as follows:

Jets pre tax profit just $500,000 lower than HWT, but on a full $5 million less revenue = JET is far more profitable per $$ of revenue.

Jet has $2 million less in assets than HWT but also has $4 million less in liabilities, the result is $2 more in net assets.

Jet $1 million less in cash, but both are healthy at 6 and 7 million.

Jet has a market cap of just 31 million against HWT of approx 55 million.

For my money the Market Cap of both companies should be very similar, given similar profits, asset levels, cash etc. So either Jet is way under valued or HWT is way over valued.

I suspect that it is JET that is undervalued given that its a newish company still developing after the merger of Jetset and travelworld.

If Jet was to reach a similar market cap as HWT its share price would almost double to 60c.

Keep an eye on it !

Dazzler