re: Ann: Agreement to Acquire 60% Stake in Ti... Sorry for the late post fellas.
We've seen a top move by the company here.
Remember Virgin is implementing the game change program through it's five pillars. It is focusing on the corporate market and trying to take market share off Qantas in that regard.
The 60% stake in Tiger allows for it's existing low cost business to be sustained. By acquiring Tiger, they are doing to Qantas what it tried to do to Virgin with Jetstar. Jetstar managed to take market share off the Virgin 'Blue' low cost carrier that Virgin used to be.
Virgin is now targeting the corporates, and doing so successfully. The acquisition of Tiger allows Tiger to be the low cost arm going forward.
The market likes what Borghetti is doing and the share price continues to rise beautifully.
An absolute no brainer this stock. I look forward to sustained long term wealth with this one.
Good luck punters.
re: Ann: Agreement to Acquire 60% Stake in Ti... Sorry for the...
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