Anonymous

22 Apr 2020

∙

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?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Frankie Rappaport

22 Apr 2020

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...

Reply

Save

Colin Lim

21 Apr 2020

Financial Services Consultant at Colin Lim

You might lose all depending on the company... They will payout to their main creditors first before small shareholders... Normally small shareholders... Can forget about claiming..honestly

Reply

Save

Elijah Lee

21 Apr 2020

Senior Financial Services Manager 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 s...

Write your thoughts

Related Posts

Is the COVID-19 outbreak covered under AIG Travel Guard Direct's insurance if flights are cancelled? My daughter is due to fly out to Perth, Australia on 28 March from Alicante, Spain. What about leaving Perth, Australia on 2nd May?

Singapore Airlines is cutting 96% of the capacity due to the tightened border controls to stem Covid-19. SIA (SGX: C6L) shares are currently at a low of S$5.40. Is now a good time to buy SIA shares?

Skyscanner is cutting jobs and offices and reducing presence in Singapore after bookings collapse due to COVID-19. What other local companies in the travel industry do you know experienced job cuts?

COVID-19 is brutal man... Another big business Topshop is closing its doors. What are your favourite businesses that have been swallowed and forced shut due to COVID-19?

Sembcorp Industries shareholders are going to receive Sembcorp Marine shares...? What does this mean though? Share prices are gonna fall due to mass selling?

Related Posts

Is the COVID-19 outbreak covered under AIG Travel Guard Direct's insurance if flights are cancelled? My daughter is due to fly out to Perth, Australia on 28 March from Alicante, Spain. What about leaving Perth, Australia on 2nd May?

Singapore Airlines is cutting 96% of the capacity due to the tightened border controls to stem Covid-19. SIA (SGX: C6L) shares are currently at a low of S$5.40. Is now a good time to buy SIA shares?

Skyscanner is cutting jobs and offices and reducing presence in Singapore after bookings collapse due to COVID-19. What other local companies in the travel industry do you know experienced job cuts?

COVID-19 is brutal man... Another big business Topshop is closing its doors. What are your favourite businesses that have been swallowed and forced shut due to COVID-19?

Sembcorp Industries shareholders are going to receive Sembcorp Marine shares...? What does this mean though? Share prices are gonna fall due to mass selling?