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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Skywest – Share Price Virgin on the very cheap indeed

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- Tom Winnifrith

The UK market has never really warmed to SkyWest (SKYW) – something for which there are understandable reasons. It is a stock that I have followed on a website whose name I do not mention (tipping it at 12.25p in December 2006). And so with the shares at 19.25p ( and having ponied up some decent dividends along the years) this has been no disaster. But it is not exactly a superstar. However, a tie up with Virgin will change all of that.

SkyWest currently has two main businesses. One is providing charter services for mining companies ferrying men and supplies out to mines in the middle of nowhere. The second is a near monopoly on certain small West Coast of Australia coastal passenger routes. The game changer is a deal with Virgin whereby SkyWest will build up its fleet to take onsell traffic from Virgin. That will be a game changer.

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