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30-08-2013, 06:01 PM
#891
not as good as i expecting.. the share prices were static..i was thinking a big jump
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30-08-2013, 07:55 PM
#892
Member
Just wonder if people are a bit spooked about the proposed partial sell-off and the desire of the govt to keep share price attractive - particularly given the debacle of MRP.
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30-08-2013, 08:14 PM
#893
Or more like have an eye on the price of oil.
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30-08-2013, 08:36 PM
#894
Not concerned about lending $40m unsecured to Virgin Australia?
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30-08-2013, 08:46 PM
#895
Lending money to the company you own 20%(?) of and,more importantly, are carrying the fight for you on domestic aussie routes. Perhaps there's some strategy in there somewhere.
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30-08-2013, 09:04 PM
#896
Originally Posted by slimwin
Lending money to the company you own 20%(?) of and,more importantly, are carrying the fight for you on domestic aussie routes. Perhaps there's some strategy in there somewhere.
I'm sure there is.
But it might help explain the muted market reaction to AIR's excellent result.
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30-08-2013, 09:13 PM
#897
Could be a combination. A good result ahead was hardly a secret either so perhaps priced in for now. Lets see where it is in a few months.
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31-08-2013, 12:16 AM
#898
Member
I'd say the prospect of a sell-down is keeping the share price low - some may be simply holding out for a discount or for less uncertainly, others may be actively trying to beat the price down (who knows?).
The government should just ignore the share price, and price the offer at fair value with a two-month application window. If they're left with a pile of unsold shares at the end, well fine.
Or they could just sell their entire holding to the highest bidder. It's not like having a state-owned airline is part of anyone's grand plan.
(And this is from someone who's against asset sales - of national infrastructure, that is.)
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31-08-2013, 08:07 AM
#899
Originally Posted by slimwin
Lending money to the company you own 20%(?) of and,more importantly, are carrying the fight for you on domestic aussie routes. Perhaps there's some strategy in there somewhere.
Singapore Airlines and Ethidad lent the same amounts proportional to shareholdings. No doubt strategical but also a need from cash burning Virgin !
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31-08-2013, 03:43 PM
#900
Yep. And a show of faith in them. They've just laid out a lot of cash in upgrades to the fleet. Not sure when there next big cap ex but you'd hope a few profitable years in the intrim.
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