facebookVirgin Australia has collapsed now due to COVID-19. I have shares in Virgin Australia, what does this mean for my shares now that it has collapsed? - Seedly

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Anonymous

22 Apr 2020

Random

Virgin Australia has collapsed now due to COVID-19. I have shares in Virgin Australia, what does this mean for my shares now that it has collapsed?

Have I lost all my money? Can I retrieve it?

Discussion (4)

What are your thoughts?

Elijah Lee

Elijah Lee

21 Apr 2020

Level 18·Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon, It's quite unlikely that you'll get anything as the shares have been frozen; you couldn't sell them even if you wanted to. Take it as a complete write off so that in the unlikely event that some form of restructuring is finailized to save the company, share holders may still get a small portion of their monies back.

The deeper meaning is, that retail investors as even finance managers, cannot predict the future. I hope You have not lost a huge sum.

What you profit now very much from is, that You gained a lot of experience for the future.

If You consider stock market investing never buy single stocks, You need a good diversification around asset classes, countries, sectors.

It's all written here and the paradox is, there is always risk, but a sound strategy can be extremely simple:

https://seedly.sg/questions/what-is-your-genera...

Colin Lim

Colin Lim

21 Apr 2020

Level 9·Financial Services Consultant at Colin Lim

You might lose all depending on the company... They will payout to their main creditors first before...

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