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Old 4th Jan 2011, 19:25
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THE ORACLE
 
Join Date: Oct 2000
Location: Sydney, NSW Australia
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Hullo Porch,

How nice that you remember my earlier comments on the future of DJ. Those comments focussed squarely on the colllective ineptitude of the previous CEO, his 'team' the original Board and how they had taken a business that had listed on the ASX at over $2.00 and creatively reduced its share value to less than 0.17 cents near the lowest point.

Notwithstanding the abilities of Mr JB and his positive impact, DJ remains a 'virtual' airline with debt well in excess of any equity and this is reflected in both DJ's dreadful share price and its current poor profitability. While the inter-line agreements with Ethhad, ANZ and Delta (if it proceeds) will certainly help to create 'mass', market conditions remain tough and it seems for DJ particularly that cash is very tight.

The Oracle
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