I find it interesting that, in the papers this week,
VB have been warned by professional analysts that they are in trouble, yet Godfrey was almost crowing one or two weeks ago about how well they are positioned.
Remember him pontificating in The Australian about who will survive and who won't, about being savy at picking up "white Tails" . He said that in their "model" they had done calculations on fuel at $80 a barrel . He said they had even looked at fuel at $100 a drum.
Well, it's north of $125 lately. Fat lot of good modelling at $80!
Rather a bit like Bush and the price of fuel in the US, isn't it?
How a few years at the helm of a gift horse will make you at top flight airline executive. So top flight that you don't even need to take notice of the professionals.
I remember when Godfrey was accountant to Rob Sherrard when he was selling secondhand light aircraft. Don't remember either of them running any airline.
Bet no one else can either.
What happened to Rob? Anyone know what and why?
What did
VB float at and what is it today? mmmmmm.
What was the true value of the company at the float?