Ansett
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Virgin Expecting a Loss
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I'm not across ASX performance disclosure requirements but +100M loss seems a pretty material revenue change. Whilst they didn't give much guidance with he 1st half announcements, they certainly didn't indicate a loss either.
I think a pre-warning performance announcement in Aug that they didn't do too well last year indicates their internal reporting or those that do it are pretty poor. Surely +100M loss doesn't just sneak up on you.
The excuses are sounding sounding a bit like John Belushi in The Blues Brothers.....My suit was in the cleaners, a friend came in from out of town..etc etc
But then again VAdo have a supportive group of foreign owners so its unlikely any shareholder revolt and holding the CEO to account.
I think a pre-warning performance announcement in Aug that they didn't do too well last year indicates their internal reporting or those that do it are pretty poor. Surely +100M loss doesn't just sneak up on you.
The excuses are sounding sounding a bit like John Belushi in The Blues Brothers.....My suit was in the cleaners, a friend came in from out of town..etc etc
But then again VAdo have a supportive group of foreign owners so its unlikely any shareholder revolt and holding the CEO to account.
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