Commonwealth Bank and Virgin

[farrari]

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

[Horatio Leafblower]

The Commonwealth Bank ain't no Virgin.... they've been rooting me for at least ten years...

[Skystar320]

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]

They also have increased their stake in QF, up above 5%, mostly bought by Colonial for both airlines.

[cudza101]

Wow! They bought 5.44% of Virgin Blue. What did that come to? $11.30?!

[Yusef Danet]

No cudza it was well over $15 but they get 200,000 Velocity points and a toaster.

[farrari]

no around $26,000,000

[sthaussiepilot]

The toaster would certainly be a great incentive for me

[Section28- BE]

Commonwealth Bank and its subsidaries

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]

ralph still in charge? he knows a thing or two about airlines

[wirgin blew]

I think you will find that this happened due to CBA interests in TOL as opposed to CBA buying into VBA.