Earlier in the year I suggested Virgin Australia were on the road to privatisation. Nothing has changed.
The financials are still a mess even after the recent $1,000,000,000 (1 Billion) raising.
Total current assets are $1,713,700 with total current liabilities of $2,779,800. The shares are trading at around their book value but the NTA per share is 8c.
Virgin Australia are caught between a rock and a hard place.