View Full Version : Commonwealth Bank and Virgin
farrari
14th Sep 2008, 02:53
It looks like the Commonwealth Bank knows something about Virgin, as they have just become a substantial share holder on the 27th August with 5.44% of the voting rights. What does this mean :confused:
Horatio Leafblower
14th Sep 2008, 02:55
The Commonwealth Bank ain't no Virgin.... they've been rooting me for at least ten years...:bored: :yuk:
Skystar320
14th Sep 2008, 03:09
On closer depth you will see that its Commonwealth Bank and its subsidaries
P.S - You will find the buyer of those shares are the hedge fund / superannuation company
43Inches
14th Sep 2008, 06:13
They also have increased their stake in QF, up above 5%, mostly bought by Colonial for both airlines.
cudza101
14th Sep 2008, 07:01
Wow! They bought 5.44% of Virgin Blue. What did that come to? $11.30?!
Yusef Danet
14th Sep 2008, 07:09
No cudza it was well over $15 but they get 200,000 Velocity points and a toaster.
farrari
14th Sep 2008, 07:10
no around $26,000,000
sthaussiepilot
14th Sep 2008, 07:32
:ok:The toaster would certainly be a great incentive for me:)
Section28- BE
14th Sep 2008, 08:43
Holder of Relevant Interest breaks out as:
ASB Group Investments- 256,241
Avanteos Investments Limited- 174,099
Colonial First State Investment Limited (1)- 5,714,838
Colonial First State Investment Limited (2)- 567,038
First State Investments (UK) Limited- 35,940,476
Colonial First State Investment Limited (3)- 13,755,193
The Colonial Mutual Life Assurance Society Limited- 233,043
ZK-NSJ
14th Sep 2008, 12:24
ralph still in charge? he knows a thing or two about airlines
wirgin blew
14th Sep 2008, 13:49
I think you will find that this happened due to CBA interests in TOL as opposed to CBA buying into VBA.