PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 6th Mar 2009, 03:06
  #505 (permalink)  
KABOY
 
Join Date: Feb 2006
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There is little value when they are raising cash through asset sales which is only used to fund the current operation, not expanding it. Traditionally this has been used to fund expansion or fund dividends to shareholders when times are good!

This money is just being utilised to keep V OZ and VB flying in a dire situation globally, they didn't budget sufficiently for the Pacific.
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