Don't say that Warren Buffett didn't warn the world about investing in airlines! Trading is a different matter, of course.
;)
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Don't say that Warren Buffett didn't warn the world about investing in airlines! Trading is a different matter, of course.
;)
In case people think I am kidding about there goes our special divvy, I'm not. Fact is AIR's gearing was close to the top of their 55% self imposed limit as at 31 December 2015, within about 1.5% of that if I remember correctly and with big ongoing capex this calendar year this investment in Virgin really has dramatically diminished our chances of a special divvy this year. Not impossible but now looking unlikely. Have to admit with all my work on this company I never saw this coming. Love these sort of surprises :eek2:
Agreed. Stingy final last year too. Really if Virgin can't stand on its own two feet in the current low oil price environment then...
Only consolation I take from this is that all the other well respected airlines that are shareholders in VAH are also contributing, so maybe seeing as they all see merit in it, its not quite the Ansett black hole we think it could be ?
I'm still very grumpy though...hate seeing my special dividend sailing off to some foreign shores, down some deep dark black hole it might never come out of again :(:(:(
And yet the SP tracks higher on this news...bizarre ????????
I got out this morning at a lower price than now but I don't really care, I'm guessing some punters think this loan is going to help generate bigger profits for Virgin hence the bizarre increase in the SP this arvo but I wouldn't hold my breath on that one. Besides all that other extra green stuff of late don't impress me much anyways.
This bit, (emphasis added), should concern any shareholder who remembers the Ansett fiasco. I don't blame you guys...recent announcements and dividend level's have really disappointed me.Quote:
"This is an initial step in strengthening Virgin Australia's liquidity"
Why are they having issues with liquidity ?...last time I checked people paid for their flights before they flew and the price of fuel was close to ten year lows.
Hi Mickey. An unkind person (realist ?) might put mouse on the end of your user name and say that sums up recent announcements by AIR pretty well.
At this rate no final dividend - just joking
You need to trust Tony and Chris - they have things under control
It's all part of collaboratively enhancing go forward scenarios to make AIR and Virgin stronger so they can make even more money
Right.... enough venting now, (right or wrong you folks will never die wondering what big Rodge thinks :lol: :lol:)...I shall go and eat another juciy scales apple and count my many blessings.
You guys have all bailed (hopefully with your parachutes on) because of this?
Because you might get less divvy this year and next year than you expected?
What a fickle bunch you are!
Looking ahead, I do not see what has really changed.
Best Wishes
Paper Tiger
When masses sell often good time to buy
That $3 barrier has to be eventually broken through for an extended period.
Maybe this is the catalyst
Bugger - won't get in at $2.69 now