PPRuNe Forums - View Single Post - MERGED: Alan's still not happy......

2nd Sep 2014, 02:03

#4914 (permalink)

maggot

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Quote:

Originally Posted by GorillaInTheMist

I have a question the financially more astute may be able to answer. Why is it when Qf declares a loss on one of the Jq Asia ventures it is never expressed as a percentage loss? We are led to believe Qf only owns 51% of Jq Asia in Singapore. So if the loss was 70million, shouldnt it follow that Qf is only exposed to 51% of that loss?
The same issue with all their overseas Jq adventures ?
Am I missing something ?

It's been my thoughts that they only state the loss (never actually a profit?

) as per the QF paper holding. ie. the third that is stated - so you can multiply the losses by 3 - then add an additional factoring as the figures given are BS.

They wanted the tax payer to subsidise this sham, and, their long serving employees and shareholders

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