Virgin Blue share price

[Rick K]

speaking of Rex - they were a reasonable shareholder of VBA (around 5% I think) and are a Singapore backed company. They sold their shares just before the share offer!
Is there another company (given the max 49% allowable overseas shareholding) Singapore based that may be buying the large number of shares that have since changed hands?
Virgin Corp. took up their share allotment - keeping them at 25% (or 29%- I'm not totally sure)
Hit 43c at one point today (back to 38 at end) but a lot of shares changed hands and all this after a nearly give-away share allotment!
(I must acknowledge I am a shareholder & very happy!! Bought in at 18c - took up the offer at 20c)

[Blair M]

http://www.asx.com.au/asxpdf/2009081...vzc8mbwzrg.pdf

[Rick K]

Still trying to nut this out!
Shares now 51c with big volumes changing hands!
Does anyone have any idea who's buying??
Is there a merge or takeover on the cards?
Company capitalisation is now becoming quite attractive
Rick K

[Michael Morrison]

Look at QF as well. Their share price has been doing just as well. VBA was IMHO undervalued - this is just a correction as the economy is showing signs of improvement which will bode well for the airlines.

[Marty H]

Spot on Michael, was always massively under valued unfortunately the GFC effect pretty much all airline stocks, whoever jumped on those .20 shares during the equity raising is laughing now thats for sure

[Greg McDonald]

Airline stocks are taking a pounding today so far. QAN down .07 and VBA down .04 in early trade...the markets only been open for 30 minutes!!

[Bruce Bramwell]

it is across the board, WES down 0.50 WBA down 0.50

[Rick K]

A big drop in the last few trading days but I believe that they are seen as an "airline" therefore subject to the volcano shutdown
A good time to buy more as the Delta Joint Venture should be approved very soon!
Rick K

[Greg McDonald]

Virgin Blue shares are going very badly lately. VBA closed today at 0.58...down 4.4% just today and down a massive 18c from mid-March! Thats 23.6% lost value over the last month.
I know other airline shares aren't going brilliantly but VBA seems to be dropping value at a dangerous rate lately. It would be interesting to know what is driving this dive in value.

[Nigel C]

A lack of bad news stories on Qantas for the past week?