Virgin Australia faces financial crush.
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If you care to look at the more reputable of financial reports, you will see that much of the quarters loss was due to costs of the restructure. You may care to note that even QF has taken a hit in the last quarter with a reduction in revenue
Heaven forbid a real financial challenge the like of SARS or the GFC!
The simple facts are that Virgin is still reliant on increased debt and capital raising to remain solvent. Until that changes and he can reduce debt from cashflow rather than increased debt and equity dilution, Virgin has to be considered to be on life support.
I agree Vorsicht; if a black swan event was to take place it could leave Virgin Australia in a vulnerable position. Let us hope there are no black swan events that affect VAH.
In the not too distant future I believe the board of Virgin Australia will have to consider re-branding the airline to widen its appeal and terminate the licensing fees paid to Branson companies. In better time these fees could amount to almost $2,000,000 per month.
To achieve the above VAH may have to be privatised.
In the not too distant future I believe the board of Virgin Australia will have to consider re-branding the airline to widen its appeal and terminate the licensing fees paid to Branson companies. In better time these fees could amount to almost $2,000,000 per month.
To achieve the above VAH may have to be privatised.
Last edited by B772; 5th Nov 2016 at 10:36.
Why hasn't shareholders kicked JB out onto the curb yet?
To achieve the above VAH may have to be privatised.
Remember the institutions circling QF a little while ago?
With that said, the business is losing money every week, I am not sure private ownership would change that in any significant way.
I believe the board of Virgin Australia will have to consider re-branding the airline to widen its appeal
Let us hope there are black swan events that affect VAH.
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website no longer exists
Came to this thread late and discovered that the whole website https://australinea.com no longer exists, let alone the article in question.
For the whole website to only last 2 weeks suggests to me that it was not genuine, but was set up to do a hatchet job. Looks to me like zim2uk was right.
For the whole website to only last 2 weeks suggests to me that it was not genuine, but was set up to do a hatchet job. Looks to me like zim2uk was right.
website no longer exists
Interesting to hear, because since the thread started every time I've tried I've received warnings, I assume from the protection software on my computer, that the site was unsafe on several counts and don't go there.
Interesting to hear, because since the thread started every time I've tried I've received warnings, I assume from the protection software on my computer, that the site was unsafe on several counts and don't go there.
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Not that unsafe in this particular case. The original website was set up with a secured link (https). That requires a security certificate valid for the web domain australinea.com (which is not much of a big deal in itself, anyone can create a self-signed certificate). However, now that that site no longer exists, the page request gets forwarded to the hosting company which has a certificate valid for itself (hosting-services.net.au). So the warning is only your browser telling you that the certificate it received from the web site does not match the name of the website. This can be serious if you are going to log in somewhere or do something secretive, but opening a supposedly publicly available news web page is fine.
If you ignore that mismatch and push through, you get a 404 web page not found message. Now while it is possible for a particular web page to get lost because of culling or website restructure, it is extremely unlikely in the normal course of events for the domain home page (https://www.australinea.com/) to disappear as well. ie, you may not be surprised if a particular webpage that you bookmarked a year ago from news.com.au to give a 404 not found message, but you would never expect news.com.au home page to ever disappear while that company still exists.
If I was to follow the money, I would suspect that someone created a fake news web site to manipulate the stock price. Very unethical and very illegal.
If you ignore that mismatch and push through, you get a 404 web page not found message. Now while it is possible for a particular web page to get lost because of culling or website restructure, it is extremely unlikely in the normal course of events for the domain home page (https://www.australinea.com/) to disappear as well. ie, you may not be surprised if a particular webpage that you bookmarked a year ago from news.com.au to give a 404 not found message, but you would never expect news.com.au home page to ever disappear while that company still exists.
If I was to follow the money, I would suspect that someone created a fake news web site to manipulate the stock price. Very unethical and very illegal.
If I was to follow the money, I would suspect that someone created a fake news web site to manipulate the stock price. Very unethical and very illegal.
With such a small free float highly doubtful. Considering the never ending tsunami of bad news directly from the company itself why would you bother???
With such a small free float highly doubtful. Considering the never ending tsunami of bad news directly from the company itself why would you bother???
