To add to what international trader stated:
https://www.virginaustralia.com/au/e...S_ASX_RELEASE/
I think the above announcement was when the rot set in. Aside of the current management concerns that some have, once the majority shareholder divested the comapany of cash reserves, essentially remortgaging the farm, before hitting the road, things were always going to be very difficult. The competition, for all its failings, has always managed its debt levels quite effectively.
The yields in this game are too low.
It is no reflection on the professionalism of those at the coalface that you got screwed by Toll some years ago. I hope it all comes back together somehow.