VBA 0.00% 35.5¢ virgin blue holdings limited

Hi AllThe question is this:You would be stupid to assume that...

  1. 11 Posts.
    Hi All

    The question is this:

    You would be stupid to assume that AirNZ did not know VBA's upcoming profit guidance announcement today before their purchase/investment given that there's only a few days in between these. And Yet, they still willing to hold a 15% stake at 44c. The question to all the sellers out there is: Why would you want to sell it at any thing less that?

    Wouldn't AirNZ knows more about VBA, or the industry or anything about aviation more than you do? If they are buying at 44c, why would you to sell at less that?
 
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