Virgin Blue report expected full year profit to ASX
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Join Date: May 2009
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Virgin Blue report expected full year profit to ASX
Good morning all.
Seems to be a pretty good result all things considered. Even if the after tax figure was break even given that the rumor is that DJ has 500-700 million in the kitty it leaves them reasonably placed to keep thier heads above water for a while.
Fly safe and play hard
Regards to all
Hoss58
Seems to be a pretty good result all things considered. Even if the after tax figure was break even given that the rumor is that DJ has 500-700 million in the kitty it leaves them reasonably placed to keep thier heads above water for a while.
Fly safe and play hard
Regards to all
Hoss58
Good result to see a profit forecast, however the $500-$700 million is required cash. If VB does not maintain a minimum cash balance the lenders start getting edgy, qantas is the same. Any company that has large loans needs to have a cash margin to be able to maintain smooth operations, it's like a liquidity buffer. As opposed to loan free entities which run on minimal cash balance, that is as soon as you have cash you use it to expand.
One question is does this forecast include the $200+ million from the share placement?
One question is does this forecast include the $200+ million from the share placement?
Last edited by 43Inches; 5th Feb 2010 at 04:19.
