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VAH, VIRGIN AUSTRALIA HOLDINGS LIMITED
blacksheep
post Posted: Aug 28 2019, 10:47 AM
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Posts: 6,217
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In Reply To: blacksheep's post @ Jul 25 2019, 09:02 PM


QUOTE
VIRGIN AUSTRALIA HOLDINGS LIMITED (ASX: VAH) FY19 RESULTS
Summary of Group Outcomes:
• Group Underlying Loss Before Tax of $71.2 million, reflecting the impact of adverse H2 FY19 market
conditions, new route investments, and $158.8 million in fuel and foreign exchange headwinds
• Group Statutory Loss After Tax of $315.4 million, inclusive of non-cash impairment of Tigerair and VA
International business units, derecognition of deferred tax assets, and restructure costs
• Group Total Revenue of $5.8 billion, up 7.6 per cent despite deterioration in revenue trading conditions
in H2 FY19
• Positive Free Cash Flow of $53.9 million, down $19.2 million on FY18 and inclusive of $158.8 million in
adverse fuel and foreign exchange headwinds
• Cash Balance of $1.7 billion, up $324.5 million on FY18 ahead of s144A bond refinancing program
• Financial Leverage of 4.7x, 0.6 higher than FY18

Summary of cost base initiatives announced:
• Simplified organisational structure to drive accountability and reduce duplication with all brands run at
a Group level1
Organisational rightsizing program targeting a reduction of 750 corporate and head office roles,
representing $75.0 million in cost savings by the end of FY20

• Capacity, network and fleet review to deliver improved aircraft utilisation, capacity to match moderated
market conditions, and enhance route profitability
• Supplier review to renegotiate key contracts including aircraft leases, airports

https://www.shortman.com.au/stock?q=vah

5-year chart
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 25 2019, 09:02 PM
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Might hit a bit of turbulence with this article hitting the newswires - if it stacks up - https://www.michaelwest.com.au/mayday-two-s...ralian-airbase/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 18 2019, 10:59 AM
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Still a Virgin when it comes to tax.
#3 on the #Top40 Tax Dodgers Chart is Virgin Australia Holdings

https://twitter.com/MichaelWestBiz/status/1...293048038744064

https://www.shortman.com.au/stock?q=vah
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 11 2018, 12:22 PM
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Virgin's secret heavyweight investor adds fuel to shake-up speculation
Patrick Hatch
By Patrick Hatch
10 November 2018 — 12:05am
QUOTE
One of the world’s most prolific and successful aviation entrepreneurs has held a secret stake in Virgin Australia for at least eight years, but is now looking to sell in a move that could trigger a larger shake-up in the airline's ownership.

Several sources confirmed that Brazilian-American businessman David Neeleman owns about 1 per cent of Virgin’s shares, in a stake worth close to $18 million, making him the airline’s sixth largest shareholder on its tightly held register.

The stake has come to light just as Mr Neeleman is trying to offload his shares which are held anonymously including through the Texan investment firm Dimensional Fund Advisers.

Mr Neeleman has been a long-time adviser to the financially distressed Chinese conglomerate HNA, which has also reportedly been looking to sell its 20 per cent stake in Virgin as part of a worldwide asset sale.

read more - https://www.theage.com.au/business/companie...109-p50f1r.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 17 2017, 02:51 PM
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QUOTE
Shares in Virigin Australia jumped as much as 23 per cent today after a high profile fund manager spruiked the stock at an investment conference in Sydney.

Wilson says Virgin is on track to extract close to $1 billion of costs via annualised savings of $350 million over three years. "They're doing what Qantas was doing two-and-a-half years to three years ago." More importantly, much of those savings - 70 per cent - will flow through to the bottom line. Virgin will be in an earnings upgrade cycle for the next 12 months at least, and those profits have already been starting to flow through.

Vrigin shares are now up 11 per cent at 26¢.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
veeone
post Posted: Feb 7 2013, 09:49 AM
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ACCC CALLS FOR COMMENT ON VIRGIN’S PROPOSED ACQUISITION OF 60% OF TIGER

“The ACCC’s preliminary view is that the proposed acquisition may raise competition concerns in the market for Australian domestic air passenger transport services,” ACCC Chairman Rod Sims said.

So if Tiger was to pull up stumps and leave Oz.....what about competition then?? V1



 


nipper
post Posted: Oct 30 2012, 11:57 AM
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In Reply To: veeone's post @ Oct 30 2012, 10:32 AM

so Tiger competes with Jetstar , and Virgin with Qantas

gotta love duopolies

ALSO
QUOTE
- Virgin Australia Holdings Ltd (ASX:VAH) has reached an in-principle agreement with Skywest Airlines Ltd (ASX:SXR) to acquire 100pc of the issued capital in Skywest pursuant to a scheme of arrangement.

Under the terms agreed in principle, Virgin Australia will offer Skywest shareholders consideration of 45c per share, which is expected to comprise 22.5c in cash and 0.53 new VAH shares. The proposal is subject to a number of conditions, including:
* approval of the Securities Industry Council of Singapore (SIC) to the terms. The definitive conditional legal agreement(s) in relation to the scheme will only be entered into on receipt of SIC approval;
* approval of the Australian Competition and Consumer Commission, the Australian Foreign Investment Review Board and the Singapore High Court; and
* approval of Skywest shareholders at an extraordinary meeting.

Virgin Australia CEO Mr John Borghetti said: "If approved, this transaction will enable us to fast-track our advancement in the high-growth fly-in-fly-out (FIFO) and regional markets, increasing competition in these important segments. "We launched a regional network partnership with Skywest in October 2011 and now we will be able to realise the full potential of the operation through developing a more integrated network, service and frequent flyer program.

"Under the agreement, Skywest would become part of the Virgin Australia brand, but will continue to operate under its current Air Operator's Certificate (AOC) with its own CEO and management team, based in Western Australia. "Importantly, we will invest to support the growth of Skywest, which will benefit jobs, business and tourism, particularly in Western Australia and throughout regional Australia."
and that is the FIFO market sewn up



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
veeone
post Posted: Oct 30 2012, 10:32 AM
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Tuesday, October 30, 2012 » 10:07am
Virgin Australia has bought a 60 per cent stake in low cost carrier Tiger Airways Australia for $35 million.
The deal will allow Tiger to put on more flights and offer more attractive fares to customers, Tiger says.
Tiger and Virgin will spend up to $62.5 million on Tiger Australia to increase its fleet from 11 aircraft to 35 by 2018.
Tiger will continue to use the Tiger brand for at least another 20 years.
Tiger Airways chief executive Koay Peng Yen says it's a significant step forward for the company.
'The joint venture will bring about a stronger and more competitive Tiger Australia, and allow us to deploy more capacity and attractive budget offerings to our customers,' he said in a statement.
Virgin chief executive John Borghetti said the deal would give his airline greater access to the budget market.
'By partnering with Tiger Airways, we can use our expertise to leverage Tiger Australia's competitive cost base and build a sustainable budget carrier,' he said in a statement.



 
veeone
post Posted: Jun 5 2012, 10:52 AM
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Etihad Airways Share Acquisition

5 June 2012

Virgin Australia Holdings Limited ("VAH") advises that it has been informed by Etihad Airways that it has made an on market purchase of 3.96 percent of VAH. Etihad is one of Virgin Australia's strategic alliance partners.



 
veeone
post Posted: May 29 2012, 09:57 AM
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9:32:28 AM Price 0.420 Volume 55,000,000 $23,100,000.000 S1 XT

Thats a whole lot of cash!!! V1

 
 


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