Alliance Airlines in Trading Halt!!!!!

[cynphil]

News for today!!!!:(

[Monopole]

But not necessarily a bad thing.

[Mach E Avelli]

So does that mean that the two Alliance aircraft I saw flying out of BNE today were not trading? What, then, free joyrides?

[Monopole]

We are talking about trading shares, not operating aircraft. But something tells me you new that :cool:

[Ultralights]

share trading halts usually occur before a company releases information to the market that could cause a significant movement in its share price.


Could be good, could be bad..

[Silverado]

http://www.asx.com.au/asxpdf/20140212/pdf/42mp2rfzx6nq8b.pdf

[rmcdonal]

Looks like they are just getting ready for the half year results and don't want any leaks affecting the market.

[DirectAnywhere]

About to be bought by QANTAS so they will have another pilot group they can pit against one another for the soon to be remaining dregs of flying?

[noclue]

QF hasn't got any cash

[LeadSled]

noclue,
Well named, you don't have a clue.
Right now, Qantas is sitting on just over AUD$3 billion --- you obviously don't read more than the headlines in their financial statements.
Tootle pip!!

[noclue]

That has to keep the airline(s) running while AJ+co try to convince the gov to do something doesn't it?
What happens if the gov does nothing?
Whats the "backup plan" then?


QF hasn't got any cash -> they can afford to spend

[1A_Please]

Given they have specifically referred to their half-year accounts, it may be that they are in dispute with their auditors who are threatening to qualify the accounts in some way. If this is the case the company has no choice but to suspend the stock until the issue is clarified one way or the other and a clear statement can be made to the market.

$3B in liquidity is not just sitting in the bank account waiting to be spent. It includes cash received for which services have yet to be delivered, undrawn credit facilities even though the funds are committed to capex etc. It is likely that this figure will be substantially reduced by the change in credit rating which means the $600M of credit card payments Qantas receives in advance of the flight being taken will now only be released when the flight is taken just like most other airlines.

[Icarus2001]

http://www.asx.com.au/asxpdf/20140213/pdf/42mpvl3gw3pljm.pdf

Pending new contract negotiations...

[LeadSled]

1A,
To a degree you are correct, but the Qantas group is far from being a financial basket case just yet, but have no fear, "they" are working in it??
Tootle pip!!

[ANCPER]

Profit downgrade.

[ramius315]

LeadSled,

Noclue appears to have more clue than you.

When Moody's downgraded QAN it was because "''As a consequence, we expect these conditions to exacerbate an already high financial leverage....."

ie they believe QF is going to have trouble paying its bills. Not just the future jet purchases but other commitments. The $3B is not cash they have sitting spare, it is already (under)balanced against their liabilities.

[LeadSled]

ramius 135,
I think you better check Australian accounting standards and ASE listing rules re. continuous disclosure for definitions of terms.
Tootle pip!!

[ramius315]

Oh, you mean those same standards that allowed OneTel and HIH to collapse?

I'm quite happy with the ASX's rules for continuous disclosure Leadsled. I'm also quite happy interpreting the real intent of statements made. My BEc may be very old, but it still comes in handy occasionally.

By the way, the Middle East may be sowly taking over the world, but it's still the ASX, not the ASE. (Amman Stock Exchange.)

For the time being anyway.....:8

[Mr.Buzzy]

Man, I wish I understood how this stuff works!

3bn? Is that the same 3bn that is stopping fleet and lounge upgrades? Or is it that awful 3bn that that keeps AJ in Canberra crying poor? Maybe it's the same dreadful 3bn sum that has stopped a dividend being payed to loyal shareholders? Maybe all the evil money, all 3bn is to blame for outsourcing and retrenchments?
200m loss, blame the 3bn!!

Man, having 3bn sure does blow!!

Bbbzbzbzbzbzbzbzbzb$$$$$$$bbbzzzzzzzzz

[ozaggie]

Umm, excuse me? Wasn't this thread about Alliance?

[tail wheel]

Wasn't this thread about Alliance?

Yes it was.

Nothing more to see here folks. Move along..........