VAH - Virgin Australia Holdings

[Miner]

Looks like Bain Capital are going to save the Virgin:
"Bain Capital agrees to buy Virgin Australia"(https://www.businessinsider.com/bain-capital-agrees-to-buy-virgin-australia-2020-6)

The same announcement said, no liability for share holders

 

[MovingAverage]

I wish you all the best Bain and I hope you make a real go of it. However, buying an airline in the current environment--talk about having a big set of nuts for doing that in the current environment.

 

[Chronos-Plutus]

It goes without saying that the airline is structurally troubled. There will be a major overhaul of the fleet, operating leases, flight operations and networks. A great deal of fat is going to be trimmed to turn this airline around.

 

[MovingAverage]

It goes without saying that the airline is structurally troubled. There will be a major overhaul of the fleet, operating leases, flight operations and networks. A great deal of fat is going to be trimmed to turn this airline around.

i think their challenges go well beyond "structurally troubled". So many major extrinsic challenges.

 

[sptrawler]

Sounds like the shareholders get zip, another one bites the dust.
At least they got the news out early enough, holders may be able to claim the capital loss this year, worth checking.
https://www.asx.com.au/asxpdf/20200630/pdf/44k24znyhl1wcq.pdf

 

[System]

On November 17th, 2020, Virgin Australia Holdings Limited (VAH) was removed from the ASX's Official List at the request of VAH, pursuant to Listing Rule 17.11, and as outlined in VAH's announcement on 16 November 2020 titled “Transfer of shares and delisting”.

 

[Colm Doc]

I have this pair open yesterday and today.

Long QAN @ $1.49. Short VAH @ 43c.

~10% divergence but will aim to take 6-7%.

On the charts I can see VAH testing 38c again, with QAN hopefully holding around current levels for a week or so.

Hi, any thoughts on Qantas for a long term investment ?

 

[sptrawler]

Hi, any thoughts on Qantas for a long term investment ?

Have you searched the QAN thread in the stocks forum, or just use the search function on the home page, the QAN thread is only 21 pages so it isn't hard to read through the recent posts.

 

[Dona Ferentes]

With a new version of Virgin about to be inflicted on the market, as Bain is looking to IPO the airline after such a short period, there's Joe Aston to clear the air a bit.

Roll up, roll up, for Bain and Jayne’s pea and thimble trick

It’d bring a tear to your eye if you hadn’t seen this tragicomedy three dozen times.

www.afr.com