The dance with the share prices will continue until the August prom night then the test will be where Toll's minor shareholders move in the first few weeks of Sept - pending of course a couple of scheduled economic reports and a RBA meeting.
I'd be surprised if if we didn't see the CEO and the Board actively lobbying the financial journalists over the next week or so - expect a bit of spruiking about
VB's (note key words) 'consolidation' and 'market focus'.
Key still remains
VB's relatively low net asset value, a huge secondary risk from offset (sic; non balance sheet) liabilities - which would impact heavily on the cash reserve in an adverse/extreme position - and the big one... that intangible of the market's confidence in the future direction of the business.
Even the high risk institutions/funds will be a little cautious about aviation & esp
VB. - As my Dad once said - the only people that get rich out of avaiation and keep the $'s are former CEO's & ex-wives!!!!!
You're proabably better taking your punt at Randwick until
VB gets back to core ops as a very good LCC.
