Players at 20% can creep 3% every 6 months...
but the issue with Virgin now is there is almost no stock to buy.
between Branson, Singapore, Air NZ and Etihad almost two-thirds of the stock is in private hands and doesn't trade.
And with each of those parties having different strategic objectives for Virgin I suspect a takeover is unlikely and disputes at the board table very likely.
I think the greater question is with all that foreign ownership, why is Virgin able to operate an Australian registered aircraft on international flights....
(they have used a 'structure' to do this)