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-   -   Commonwealth Bank and Virgin (https://www.pprune.org/pacific-general-aviation-questions/343100-commonwealth-bank-virgin.html)

farrari 14th Sep 2008 02:53

Commonwealth Bank and Virgin
 
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

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 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.


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