Virgin Australia unlikely to make significant capital returns for shareholders, analyst says

Fri, 15 Jan 2016

By Fiona Rotherham Jan. 15 (BusinessDesk) - Virgin Australia, Australia’s second-largest domestic airline, is unlikely to make significant capital returns to shareholders but the threat of a mop-up by the three airlines holding a combined 73 percent stake provides a floor for the share price, says broker First NZ Capital. It has initiated coverage on Virgin with a 'neutral' rating and target price of 50 Australian cents per share compared to the current trading price on the ASX of 49 Australian cents. In a research note, its analysts s...

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