PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 26th Aug 2008, 03:00
  #182 (permalink)  
43Inches
 
Join Date: Oct 2007
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Sorry Skystar, that post was poorly written, I was alluding to macquarie and friends may be buying the shares then talking them up to earn some quick cash (first half). The second half was in regard to the shares being undervalued compared to company assets therefor a controlling interest could get some of their money back even if the company failed through asset sales. The intent was not to buy and break up for profit for the sake of it. The little spreadsheet next to the macquarie artical was interesting though as it showed a big loss next year but then a big swing to profits afterwards, a big call to predict that in the current environment.

Currently the books state an equity of $900m company assets and as TIMMEEE stated at about 50c a share 100% of shares would get about $600m. There would obviously be contract termination, personnel payouts, legal issues etc, etc, etc on top of that.
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