Was just alerted to the fact that
VB's share price has plumetted below its initial issue price of AUD$2.25 a share and is still falling.
At last call it was $2.18 and talking to brokers could still fall further in the short to medium term.
Increasing pressure from JetStar combined with rising operational costs of
VB has put apparent increased pressure on this company.
Apparently Brett Godfrey has stated that they will slash operating costs across the board by 10% to increase profit and reduce spiralling costs, but I am interesting to see where these cost-cutting measures will come from.
Now lets see how Brett Godfrey performs with this seemingly basic problem that has befallen every other operator around the world.