The quote below comes from the article above.
"With the share price trading below the value of its assets in a liquidation, provided there was a way around the Qantas Sale Act - and a remember takeover bid has previously been made for Qantas at over $5, so if there was a way around the Qantas Sale Act, and I suspect there is - and a hub could be launched in Asia, then a discount to net tangible assets it might be just enough to tempt them [private equity or another airline] to make a bid for the company," he added.
Takeouts from Roger's quote are:
- (at) a discount to net tangible assets,
- private equity or another airline (may) make a bid for the company,
Yep, with QF's share price under $1.60 and an NTA valuation of $2.67; the guys in NYC must be really pissed about the Qantas Sale Act.