i bought in around a week ago thinking there would be good news leading up to the AGM..
that has backfired on me because it looks now like they will remain quiet til the AGM.
the market seems to be factoring in bad news tomorrow, but how bad can it get?
they are still running virtually domestic only, passenger numbers are up on last year, fuel costs down and expanding their operations to LA from March...
read QAN's full year report - they said Domestic operations are still strong. What i think many arent taking into account is that VBA actually profited $145 mill last year but wrote $50 mill off (think against V - Aust)? their price has been smashed so badly that if they can get anywhere near last years result which i think they should considering still virtually only domestic the shares should be trading closer to $1.
i guess we will know tomorrow?
VBA Price at posting:
26.6¢ Sentiment: Buy Disclosure: Held
