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SQ Puts VS Stake Up For Sale  
User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Posted (6 years 2 months 1 week 5 days 21 hours ago) and read 2760 times:

Well we knew it was coming and now its here.

I wonder if SRB could afford to buy back the stake and if so wheres he raising that capital?

http://www.reuters.com/article/marketsNews/idINSP8359920080514?rpc=44

3 replies: All unread, jump to last
 
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13738 posts, RR: 19
Reply 1, posted (6 years 2 months 1 week 5 days 21 hours ago) and read 2727 times:

If Sir Richard wants to offer a decent amount for the stake then more power to him. I think FT Alphaville puts it candidly:




"It's not a secret that we regard it as an underperforming investment. We are still reviewing our plans and are open to all reasonable offers," Singapore Airlines Chief Executive Chew Choon Seng told a results briefing.

"But as they say in classified ads: No timewasters, please."

Thompson Reuters.




But what hope is there for Singapore? The airline has been touting its stake around since (at least) last summer, aiming to cash out while the going was relatively good. Last year, analysts estimated that Virgin Atlantic could be worth about £760m - with estimated operating profits for 2007 at about £120m taxed and valued at nine times, a slight premium to rival BA. That would have put SIA’s stake at about £370m.

But Virgin is strategically unappealing for Singapore. Richard Branson maintains control over the group and won’t sell. Equally, who would buy a minority stake in a large airline in the current climate?

Lucky that Singapore’s chief followed up his with remarks by adding that the company is in no rush for a sale.

FT Alphaville, part of the Financial Times



Anyone can fly, only the best Soar.
User currently offlineSparklehorse12 From Australia, joined Feb 2007, 884 posts, RR: 1
Reply 2, posted (6 years 2 months 1 week 5 days 21 hours ago) and read 2632 times:

This will free up the use of the Virgin Brand in aviation....V Australia Virgin Australia?


Airlines Flown : QF,NW,AA, CX, AC, MH, SQ, DJ, NZ, TG, PG,US, FJ, J8, AN, DD, JQ
User currently offlineANstar From United Kingdom, joined Nov 2003, 5161 posts, RR: 6
Reply 3, posted (6 years 2 months 1 week 5 days 21 hours ago) and read 2556 times:

Perhaps Lufthansa might like to buy the 49% of Virgin as well as their immenent purchase of BMI.

It would certainly put them in a better position to merge the 2 companies.....


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