Virgin Blue shares plunge

[Mal]

Closed at 44c on Friday ...

 

[JohnK]

Time to buy?

 

[NM]

Time to buy?

A lot of people thought that was the case a year ago when VBA was trading around the $2.10 mark!

As the song says, How low can you go?

 

[rwatts]

Abstracted from The West Australian...

Australian-listed Virgin Blue has appointed former federal MP Mark Vaile as a non-executive director. Vaile was deputy prime minister and held the transport portfolio during his 15 years in politics. He is a keen supporter of "open skies" policies on aviation routes, and Virgin Blue's international subsidiary will be a beneficiary of such a deal between Australia and the US. Virgin Blue shares were steady at $A0.44 on 22 September 2008

Is that necessarily a good thing ?

Richard.

 

[oz_mark]

A lot of people thought that was the case a year ago when VBA was trading around the $2.10 mark!

As the song says, How low can you go?

43.5c last I looked.

 

[Bundy Bear]

Share Quote as at 1:17 PM Sydney Time, Tuesday, 23 September 2008

VBA
Current 0.4050
Offer .4100
Change -0.030
Change % -6.820
Open 0.4300

 

[kpc]

As the song says, How low can you go?

$0.00:shock::mrgreen:

 

[oz_mark]

$0.00:shock::mrgreen:

ERG's been trying to get there for years

 

[NM]

43.5c last I looked.

better look again ... $0.41 at the moment.

 

[oz_mark]

better look again ... $0.41 at the moment.

When I looked it was on its high for the day

 

[JohnK]

As the song says, How low can you go?

Can it get any lower with Virgin still operating flights?

 

[NM]

Can it get any lower with Virgin still operating flights?

Well it did close at $0.40 today.

 

[pauly7]

Can it get any lower with Virgin still operating flights?

My question is, how much lower can it go without a takeover?! Surely the airlines that have deep (read government) pockets like Singapore or Emirates are having a second look at DJ now?!

 

[Mal]

Still languishing between 40c and 44c ...

 

[oz_mark]

Time to buy?

31.5c today, down 6.5 c. I hope you didn't buy!

 

[Mal]

31.5c today, down 6.5 c. I hope you didn't buy!

Someone once told me that the sharemarket is an irrational beast. Sure enough, things have been proven right numerous times.

 

[oz_mark]

Battered Virgin Blue valued at just $289m

Battered Virgin Blue valued at just $289m | Herald Sun

VIRGIN Blue's market value has endured a year of horror trading, with the stock market slashing its value to just $289 million.

This figure is in stark contrast to its November high when the airline's shares were worth $2.75, valuing the airline at almost $3 billion.

The Brisbane-based carrier closed yesterday at a record low of 27.5.

 

[JohnK]

Can Virgin Blue continue trading if the stock market values their shares even lower?

Just as well I did not buy shares at 50c....

 

[Mal]

Can Virgin Blue continue trading if the stock market values their shares even lower?

Unless they ask for a suspension of trading, or ASX implements one, they can trade for quite a while yet.

I believe the minimum for a new listed company is ~$10 mill capitalisation.

 

[Kendall Roy]

If they hit the 20cent mark I might jump on.

In the long-term, one would hope it can't go any lower......