The key issue with this business is that it's mature and growth...

The key issue with this business is that it's mature and growth has almost stopped.. They will face a lot of competition over the next few years from the Expedias and priceline, which play winner takes all and can sustain losses for long periods of time to undercut WTF's key Australian business.

Best thing they can do for shareholders is get taken over - the outlook for revenue or market position growth looks rather bleek. It's still a nice business but it's not growing and they really have to innovate to create new revenue streams using their brand and user base.