I have been following Virgin for a while now, I am finally making the move to buy in as their situation looks very positive. The way I see it the four largest shareholders in Virgin Australia now hold a combined 82% stake in the carrier, leaving only 18% on the market. These guys are not going to sell any of their stake any time soon. Looks like one of these bought another 20,000,000 last week. There is not a lot of shares on the market especially if they want to buy more with their allowed trickling purchasing.
With minimum shares on market it won't take much for the SP to go up fast. especially with their new fuel hedging plan in full swing and forecasted profit, all going well Virgin is about to take off.
VAH Price at posting:
46.0¢ Sentiment: Buy Disclosure: Not Held
