QF shares hit $2.00, discuss
Join Date: Oct 2002
Location: In Frozen Chunks (Cloud Cuckoo Land)
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The only problem with that theory is that a polished turd, is still a turd.
and the turd is continually getting polished, but it still isn't helping it.
and the turd is continually getting polished, but it still isn't helping it.
The only problem with that theory is that a polished turd, is still a turd.
and the turd is continually getting polished, but it still isn't helping it.
and the turd is continually getting polished, but it still isn't helping it.
I thought the AKL-JFK was an interesting route - apparently is just as achievable as SYD-DFW with the right equipment
Last edited by 1a sound asleep; 22nd Jan 2015 at 05:04.
Join Date: Nov 2011
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Yes 1A, all sounds very plausible. It sounds like a classic spin off with the startup costs charged to the parent, leaving it a financially weakened competitor. A most perfect setup, if your rumour turns out to be correct.
or as paraphrased by Richard O'Connor:
Dixon, Gregg, Carnegie & Singleton with Alan Joyce as the inside man.
The secret of great fortunes without apparent cause is a crime forgotten, for it was properly done.
-- Balzac
-- Balzac
Balzac maintained that behind every great fortune there is a great crime
When it comes to fuel hedging Qantas has always been very smart. They use call options so when the price crashes as it has done all they lose is the premium they paid for the call option, they are under no obligation to buy the fuel at that price if they don't want to and they can buy then at the spot price for far less.
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I'm patiently waiting to hear what Alan has to say about JQ Hong Kong.
The AOC application was submitted in August 2012 !!
I was recently informed by a friend in the Financial Market that Alan was continuing to look for a buyer for his Asian Fanchise (JQ Asia), the sticking point being Alan wants any new owner to keep the same Jetstar branding.
The AOC application was submitted in August 2012 !!
I was recently informed by a friend in the Financial Market that Alan was continuing to look for a buyer for his Asian Fanchise (JQ Asia), the sticking point being Alan wants any new owner to keep the same Jetstar branding.
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When it comes to fuel hedging Qantas has always been very smart. They use call options so when the price crashes as it has done all they lose is the premium they paid for the call option, they are under no obligation to buy the fuel at that price if they don't want to and they can buy then at the spot price for far less.
I recall probably 10 or more years ago Qantas "gave" all of it's staff $ 1000.00 worth of shares at $ 1.80 ish per share. It's been a long long time since they were worth $ 1000.00 -- so it's great to see that after all these years they are worth what they were way back then. WELL DONE QANTAS a great result at ZERO capital growth on your shares !!!!
Now lets calculate that with compounded inflation .....
Now lets calculate that with compounded inflation .....
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Actually 1.80 times 1.058 power ten equals 3.17 ish...so that's 2.58% above inflation of 1.03 in the example used. But lotsa would prefer the pre school maths version ....to get the desired effect of making it sound better of course.
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You simply went 1.8 times times inflation of 3% over ten years is 1.8 times 1.03 power 10 = $2.42 (which is correct) and then compared that to the current share price of $3.17, then subtract the diff and put that over 2.42 to come up with a "gain" of 31%. That is just silly as people concentrate on the % without considering the real compounding return. If you are going to compare % rates of return, have to do that on a annual basis - so that you are comparing apple with apples. I just used the same method solving an equation (3.17 div 1.8 then 10th root) to get 1.058 (1.05822 actually). That represents an annualised return of 5.822%...or 2.822% gain over inflation of 1.03. Yes the numerical "gain" at the end of 31% sounds impressive until you do the maths and see that the real return is only 2.8% above inflation...not such a headline grabber. You certainly convinced the next dude.
Nunc est bibendum
I have 521 QF shares that were gifted to me at various stages. I did sell out much of the early tranche when they were about $5 and was hopeful that I'd be done with them until they gave me a few more and I had some extras from the DRP.
The 'cost' value of them is $2108.08. They're currently worth (as at 20 minutes ago anyway) $1693.25. That shows a decline of nearly 20%.
Either way the point is academic. If you got in at $1 you've made a killing. Many didn't. The shares gifted have hardly been outstanding earners and certainly not when you compare them to the CBA shares my mother in law was gifted when they went private years ago!
The 'cost' value of them is $2108.08. They're currently worth (as at 20 minutes ago anyway) $1693.25. That shows a decline of nearly 20%.
Either way the point is academic. If you got in at $1 you've made a killing. Many didn't. The shares gifted have hardly been outstanding earners and certainly not when you compare them to the CBA shares my mother in law was gifted when they went private years ago!
