Midas Touch or The King has no clothes;
Is it not possible that the QF board are being overconfident?
QF have had a dream run and a lot of luck the last couple of years.
No doubt QF will stay profitable but It's hard to imagine that QF will repeat the same profit results in the future with an expanding Virgin Blue (& Virgin Pacific?) and recovering international competition.
Uncle Geoff may regret buying 22.5% of a Lemon when his share options come up.