so can be sold on market if needed without file SSH notice.
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I usually don't bother reading press articles - that is why.......Quote:
Stuff article: The national carrier announced on Friday that Chinese conglomerate Nanshan Group will buy a 19.98 per cent stake in Virgin at A33 cents (NZ31.54c) a share.
Actually it wasn't the NZ Herald article that quoted that figure but rather the article on Stuff, sent them an email giving them the correct figure of 34.32c NZ, see if they change it.
Well I would imagine that VAH would now have to pay back the loan to AIR. If AIR was still a shareholder, they would have no doubt offered them share options but now, you would have to think they would pay it back unless there is fine print to suggest otherwise so that shouldn't be a write off any more.
I don't understand that PT. wouldn't a sale of a percentage of holdings be on current number of shares not based on a possibility (or probability whichever way you look at it) of new issue yet to be approved?
I appreciate the time you take to offer insight on the various posts you do. It does benefit us lesser experienced ones balancing out various perspectives.
So what is the thinking now on the final dividend, maybe 15c plus a special of 20c to 25c ?