Merged: Virgin Blue Share Price - how low can it go and for how long?
Join Date: Sep 2005
Location: australia
Age: 59
Posts: 425
Likes: 0
Received 0 Likes
on
0 Posts
vaustralia is a subsidiary of vb. were it, va, to go broke vb will still survive but would have to write off the total investment in va, a reduction in share value but not a total loss
Join Date: Sep 1998
Location: at the edge
Posts: 154
Likes: 0
Received 0 Likes
on
0 Posts
I hope this isn't too much thread creep.
I have recently flown VB Premium Economy for the 3rd time. Previously, I have exclusively used the rat for all corporate travel, usually at the pointy end. I am platinum with the rat. I am a corporate user chooser with no restrictions on which airline I use.
VB has always been on time on each sector (6)
VB Check in both in the terminal and in the lounge with no bags has been quick, polite and easy.
VB lounges are fine, no better or worse than any others and they have so far been able to can make a great coffee. Free entry when Premium Economy is good although to be expected when paying the full fare Premium price.
VB in flight staff have been helpful, polite and friendly at all times.
VB bag claim handling seems to be a little quicker than others.
Overall, I have found all of the VB staff I have interacted with to be a great asset to the company. They work hard but they work with efficiency and above all, seem to like what they do. If they don't like it, they don't show it. They make me feel like a customer and not like an inconvenience to their social lives, like some other airlines.
I will now continue to use VB Premium for the bulk of my domestic travel where it is available.
I have one small complaint. I object to having to pay for TV, a soft drink or a sandwich. Its not the money, its the inconvenience of the whole transaction (finding wallet etc)
I once flew VQ by necessity, never ever again.
I am now thinking of "punting" some dollars on VB shares. If the staff maintain their hard work and enthusiasm, and the product remains as it appears to be, the share price should only eventually go up, the airline deserves success. I will do my bit to support it by travelling VB Premium, because they make me feel like a customer and that's what I want, its simple really.
I have recently flown VB Premium Economy for the 3rd time. Previously, I have exclusively used the rat for all corporate travel, usually at the pointy end. I am platinum with the rat. I am a corporate user chooser with no restrictions on which airline I use.
VB has always been on time on each sector (6)
VB Check in both in the terminal and in the lounge with no bags has been quick, polite and easy.
VB lounges are fine, no better or worse than any others and they have so far been able to can make a great coffee. Free entry when Premium Economy is good although to be expected when paying the full fare Premium price.
VB in flight staff have been helpful, polite and friendly at all times.
VB bag claim handling seems to be a little quicker than others.
Overall, I have found all of the VB staff I have interacted with to be a great asset to the company. They work hard but they work with efficiency and above all, seem to like what they do. If they don't like it, they don't show it. They make me feel like a customer and not like an inconvenience to their social lives, like some other airlines.
I will now continue to use VB Premium for the bulk of my domestic travel where it is available.
I have one small complaint. I object to having to pay for TV, a soft drink or a sandwich. Its not the money, its the inconvenience of the whole transaction (finding wallet etc)
I once flew VQ by necessity, never ever again.
I am now thinking of "punting" some dollars on VB shares. If the staff maintain their hard work and enthusiasm, and the product remains as it appears to be, the share price should only eventually go up, the airline deserves success. I will do my bit to support it by travelling VB Premium, because they make me feel like a customer and that's what I want, its simple really.
Join Date: Sep 1998
Location: at the edge
Posts: 154
Likes: 0
Received 0 Likes
on
0 Posts
Jim
Points well taken.
I will treat it like a small wager on the Melbourne Cup, I will only bet what I can afford to lose if I decide to go ahead with the punt!!
I will, though, be a repeat VB Premium customer, especially if I can get my muffin and coffee without having to pay cash.....thanks On Guard
Points well taken.
I will treat it like a small wager on the Melbourne Cup, I will only bet what I can afford to lose if I decide to go ahead with the punt!!
I will, though, be a repeat VB Premium customer, especially if I can get my muffin and coffee without having to pay cash.....thanks On Guard
Join Date: May 2003
Location: Golden Road to Samarkand
Posts: 443
Likes: 0
Received 0 Likes
on
0 Posts
mrs nomer & Scooter, so you're stating that the share price of VB will not rise above 28c? 
Hmm... are you sure about that?
...as the market has risen about 4 % but VB's shares are down about 8% today in a rising market.
Join Date: Jan 2008
Location: Tallong NSW
Posts: 280
Likes: 0
Received 0 Likes
on
0 Posts
Little kept his shares
Jim,
Paul Little and his mates in Toll management kept their VBA shares. Little also stayed on the board. What Toll did was to distribute the VBA shares to the general shareholders in Toll in an in specie distribution. It's all there in black and white. Try to do a bit of reading with your pontificating.
Paul Little and his mates in Toll management kept their VBA shares. Little also stayed on the board. What Toll did was to distribute the VBA shares to the general shareholders in Toll in an in specie distribution. It's all there in black and white. Try to do a bit of reading with your pontificating.
VB 'Premium Economy' = crap
same seats with a plastic divider in the middle istead of another of the unwashed....still had to buy my coffee from the trolly tart after paying the extra for the 'privilege'...that's not service
same seats with a plastic divider in the middle istead of another of the unwashed....still had to buy my coffee from the trolly tart after paying the extra for the 'privilege'...that's not service
Join Date: Jan 2008
Location: Tallong NSW
Posts: 280
Likes: 0
Received 0 Likes
on
0 Posts
Jim,
I've got family involvement in DJ as well as QAN shares from way back.
Not happy with both, but at at least DJ hasn't yet shed jobs and it looks pretty good with its single aisles at current fuel prices unless demand vanishes. As an item on Business Spectator pointed out some time back, and I quoted on this board, the QF and JQ experience is driving the punters onto DJ flights at the moment. I don't like the V Aus plan, it is too late and they will get mangled unless they shift the jets to routes other than SYD to LAX.
DJ's big crime is existing. QF has screwed around with its engineering and general standards as people have made very clear on this board especially in looking after their engineering and it is a crying shame. But DJ are backed into a corner and I can't see them growing nearly fast enough to benefit from QF's mistakes.
The thing about the ASX at the moment is that people are going for cash. Margin lending is dead. Valuations are not rational when there is forward economic uncertainty and some people's assets are suddenly worth a lot less than their debts. So they have to feed that debt by flogging anything they can, or opt for bankruptcy. My pet theory is that the up and down surge in sentiment as the blokes in suits call it is just being orchestrated through spin campaigns to generate as many broking fees going up and coming down as possible in a short time before the whole shebang falls in a stinking heap.
Gees I hope I'm wrong.
I've got family involvement in DJ as well as QAN shares from way back.
Not happy with both, but at at least DJ hasn't yet shed jobs and it looks pretty good with its single aisles at current fuel prices unless demand vanishes. As an item on Business Spectator pointed out some time back, and I quoted on this board, the QF and JQ experience is driving the punters onto DJ flights at the moment. I don't like the V Aus plan, it is too late and they will get mangled unless they shift the jets to routes other than SYD to LAX.
DJ's big crime is existing. QF has screwed around with its engineering and general standards as people have made very clear on this board especially in looking after their engineering and it is a crying shame. But DJ are backed into a corner and I can't see them growing nearly fast enough to benefit from QF's mistakes.
The thing about the ASX at the moment is that people are going for cash. Margin lending is dead. Valuations are not rational when there is forward economic uncertainty and some people's assets are suddenly worth a lot less than their debts. So they have to feed that debt by flogging anything they can, or opt for bankruptcy. My pet theory is that the up and down surge in sentiment as the blokes in suits call it is just being orchestrated through spin campaigns to generate as many broking fees going up and coming down as possible in a short time before the whole shebang falls in a stinking heap.
Gees I hope I'm wrong.
Join Date: Jan 2008
Location: Tallong NSW
Posts: 280
Likes: 0
Received 0 Likes
on
0 Posts
Jim,
I nearly got around to the same issue of valuations. I don't believe asset valuations as reported in financial documents or balance sheets ever. I don't believe in the integrity of any of the auditing firms.
I think you have to doubt these things as an investor in any business until you get evidence to the contrary.
I also thought I'd read that the finance for the first tripler had been arranged, and that being the one being leased from ILFC. However that was before the owner of ILFC had to be bailed out by the USG. The long haul plan is looking so shaky to me I think it could still get dropped, or made impossible by external issues.
But the second hand goss I'm getting is that the 737-900ER replacements for some leases that reach maturity next year is on. That makes sense.
I nearly got around to the same issue of valuations. I don't believe asset valuations as reported in financial documents or balance sheets ever. I don't believe in the integrity of any of the auditing firms.
I think you have to doubt these things as an investor in any business until you get evidence to the contrary.
I also thought I'd read that the finance for the first tripler had been arranged, and that being the one being leased from ILFC. However that was before the owner of ILFC had to be bailed out by the USG. The long haul plan is looking so shaky to me I think it could still get dropped, or made impossible by external issues.
But the second hand goss I'm getting is that the 737-900ER replacements for some leases that reach maturity next year is on. That makes sense.
Join Date: Jul 2007
Location: BAO
Posts: 0
Likes: 0
Received 0 Likes
on
0 Posts
"Little also stayed on the board."
Little also stayed on the board.
Cheers
Last edited by Section28- BE; 18th Oct 2008 at 03:00. Reason: Link U/S
Join Date: Oct 2004
Location: 38,000 ft
Posts: 394
Likes: 0
Received 0 Likes
on
0 Posts
same seats with a plastic divider in the middle istead of another of the unwashed....still had to buy my coffee from the trolly tart after paying the extra for the 'privilege'...that's not service
QF fully flex which is what its trying to compete against gets you sweet f.all and you not even guaranteed a seat near the pointy end, let alone a plastic divider. VB Premium $399 QF Fully Flex $438 SYD-MEL Sun 19th Oct.
If you had to fly for business and you were trying to save your company money which product should you be buying?
not interested in a free cuppa in the "Lounge"....nice to have some treatment on-board. As a QF FF I get the best available seat usually. It isn't always just about $$$, it is about value..
Join Date: Sep 2005
Location: australia
Age: 59
Posts: 425
Likes: 0
Received 0 Likes
on
0 Posts
wirgin blue,
you would buy the cheapest seat available be it qf or vb on 'the net' to save the company money. going to be lots of cheap seats with both over the next 18 months.
you would buy the cheapest seat available be it qf or vb on 'the net' to save the company money. going to be lots of cheap seats with both over the next 18 months.
The Announcement to the ASX today for the month of September 08 does not reveal any details of the financial performance but does show that compared with September 07 the avearage number of aircraft in the fleet increased by 29.6% yet PKM's only increased by 8.9%. Hence the lower load factor and reduced fleet utilisation.
If the downturn we are in at present is as bad as the downturn we experienced after the minerals boom of the late 60's/early 70's we are in for a rough ride. After the first Labour Government since 1949 was elected in 1972 the sharemarket fell for 2-3 years and after loosing 61.8% (Fibonacci Retracement) of its value it finally bottomed out in 1975; back to where it was in late 1959. All the growth for 15+ years had been wiped out; along with it the hopes and aspirations of countless Australians.
'History does repeat itself and we do not learn from it'
The mess we are in at present will be long and protacted with many financial institutions going to the wall. How many airlines will collapse or merge remains to be seen !.
Ps. The Virgin Blue release is dated 21 September 2008, obviously it should be dated 21 October 2008.
If the downturn we are in at present is as bad as the downturn we experienced after the minerals boom of the late 60's/early 70's we are in for a rough ride. After the first Labour Government since 1949 was elected in 1972 the sharemarket fell for 2-3 years and after loosing 61.8% (Fibonacci Retracement) of its value it finally bottomed out in 1975; back to where it was in late 1959. All the growth for 15+ years had been wiped out; along with it the hopes and aspirations of countless Australians.
'History does repeat itself and we do not learn from it'
The mess we are in at present will be long and protacted with many financial institutions going to the wall. How many airlines will collapse or merge remains to be seen !.
Ps. The Virgin Blue release is dated 21 September 2008, obviously it should be dated 21 October 2008.