h2so4 ex-K!W!, knows nothing, Yer right.. nothing
Quote:
Originally Posted by
h2so4
VBA is not cheap. Its business is fundamentally down. With 1b CapEx spent this year and average capital costs of 540m its return on invested capital was -9.18%. Its owner earnings this year came in at -200m. By all means Bricks "dive in" but there are no gold medals here.
Rather a dull statement as VBA is in a massive change in life and new capital construction
and we don't really know who owns what or the top twenty shareholders as stated it will take a couple of weeks for this to settle, but looking at the turnover which is very large
some one is buying up big to get a toe in who it is so that's the big question..
VBA is not BROKE and is bigger than AIR but its not a mature airline only been around a few
years but growing but at these current prices it is a good time to "dive in" but you have to have money not excuses like h2so4 not to got NO MONEY,, have a go sometimes it pays OFF..