The truth
Investing in Virgin is as good as flushing your money down the crapper. From the first day they listed on the stock exchange the price started heading South. The only ones to make many many tens of millions out of the float were Branson, Godfrey and Sherrard. A couple of other mates such as Highfield and Gill and a few others who went to school with Godfrey also made a few million each. All of this took place mostly behind the scenes while naieve staff blindly followed Richard the piedpiper. Share price has never recovered from Godfrey incompetence, never recovered from Borghetti incompetence and today you still have an unworkable long term business model. I’m not hearing any favourable information coming from the Village idiots regarding the performance of Scurrah who inherited a steaming pile of ****. A poison chalice of epic proportions. The business is, has been and always will be a lemon. One serious accident, a massive oil spike due to a war, or a disease outbreak (which I mendtioned on a different thread well before Caronavirus came about) and it’s ‘game over’ for Virgin Australia, not ‘game changer’. Let’s see how Caronavirus tests their ability to cope with a hit to their war chest. Good luck. If what happened to Qantas during the SARS outbreak happens to Virgin with the Caronavirus outbreak, it’s all over. The company has no flesh on its bones and nothing behind it help it survive a major hit to the aviation industry.