QF end Game???

[Stalins ugly Brother]

Its been interesting today and over the last few days to observe the massive volume of Qan shares being snapped up by Institutional holders, but what is more interesting is that they are also being snapped up eagerly by board members and co. Considering no profit guide was given at the recent AGM.

So what's going on? What is happening that appears that these chosen bunch know that the mere mum and dad investors or employees and their families aren't privileged enough to know?

It seems to appear that AJ and co are now strutting with the arrogant confidence of knowing something that others don't.

Could it be the fact that they know that there will be no negotiated outcome (and no intention to negotiate one) with the unions before the 21 day cutoff imposed by FWA (despite QF's best attempts to bring all parties back to the table, yeah right!) and that once the issue is ruled by FWA there will only be payrises in line with CPI and no job security clauses?

Could it also be the fact that Jetstar (OrangeStar Holdings) is about to have 50-80% of the holdings publicly listed and that management will become very wealthy from the deal? Starts to make sense considering the large allocation of shares to the Execs in the last remuneration review. As major QAN shareholders, along with the institutions, they will get first pickings at the IPO. (and also have a look who are the interested parties in OrangeStar?). Also makes a bit more sense now why the institutional holders overwhelmingly voted up the remuneration package, they had been briefed on the end game.

Could it also be the fact that the execs now know that once the unions are out the way they are free to relocate the core business to Asia leaving Qantas Australia only as a business shell with holdings in the outsourced franchises and leasing companies with no direct assets?? 51% of the shell business will still be held by Australian investors to barely satisfy the Qantas sales act and will provide minimal return to the minority investors in the way of dividends.
From what it appears neither political party has the balls to really enforce the Qantas sales act (consider even in 2007 during the APA deal non Aus ownership reached nearly 60-65% during the madness) so AJ may not even bother to maintain that percentage. These execs are fully aware that the current politicians (except Sen X) are toothless tigers and it will be full steam ahead to destroy the Qantas that we as Australians have been proud of for the last 90+ years.

What ever is going on, and I'm only speculating, i'm sure it won't be in the best interest of the Australian public, it's employees, our families or Qantas's Mum and Dad shareholders.

However, It will only be in the best interest of Alan Joyce and his bunch of privileged merry men. Game over..........................