Don’t get your hopes up.
‘They companies involved in these bids are concentrating on their absolute number one priority............
.........Which is their exit strategy from the business about three to five years from now.
They are not long term investors, except perhaps Temasek. Their objective is to clean out the business of any obvious stupidities, take or “acquire” all the businesses cash, load it up with humongous amounts of cheap (at present) debt and then flog shares in this lipstick bedecked pig to mum and dads super funds or stupid institutional buyers, making a cool billion or two in the float.
Unfortunately QF management can kill their float plans stone dead any time it wants to. Just wait till the float is underwritten and announced, then start aggressive discounting and he float fails.
My guess, unfortunately, is that Virgin is for the knackers yard because I can’t see a successful exit strategy for investors. Furthermore QF management are blameless.