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Old 4th Mar 2020, 02:47
  #192 (permalink)  
B772
 
Join Date: Aug 2000
Location: International
Age: 76
Posts: 1,395
Received 4 Likes on 4 Posts
who cares: Your a rocket scientist !.

All jokes aside.
This is the performance of Aust airline stocks. This excludes any dividends that may have been paid.

Alliance 1 Yr -12% 3 Yrs +226% 5 Yrs +370%
Qantas 1 Yr - 9% 3 Yrs + 38% 5 Yrs + 79%
Rex 1 Yr -33% 3 Yrs + 10% 5 Yrs - 1%
Virgin 1 Yr -46% 3 Yrs - 45% 5 Yrs - 78%

Anyone who is still holding VA shares from the float in 2003 at $2.25 per share should have their head read. In early 2005 a shareholder Chris Corrigan of Patricks was not happy with the direction of Virgin and mounted a takeover to become the largest shareholder with only 62% of the company. Branson would not budge and retained 25% ownership. In 2006 Toll purchased Patricks and attempted to sell the 62% holding. They could not find a buyer. If Branson and other minority shareholders owning 13% had sold to Corrigan of Patricks Virgin Australia would not be in the spiral dive they are today and could have been a more formidable competitor to Qantas . As it is Virgin does not meet the listing rules if it were to be listed on the ASX today.
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