virgin green, page-29

This is how I see it.

Negatives
- Looming recession
- Foreign ownership rules
- Not great time to launch V Australia
- Fairly large debt (although gearing looks ok)
- Fuel price volatility
- Tiger

Positives
- Great brand
- Velocity FFP growing and becoming profitable and could be very valuable in the future
- Operating in effective duopoly
- Positive operating cash flow
- Falling fuel price

The question of course is whether the glass is half empty or half full. At 31.5cents, the glass certainly look half full to me!