PDA

View Full Version : QANTAS Share Price


What The
29th Apr 2017, 13:57
52 million rights at 97 cents being tested at 30/6/17 is why the share price is 4.21.

Approximately $218 million dollars about to flow into the pockets of greedy managers who only have to pay $50 million for the pleasure.

The rest of the employee group took a pay freeze. A $3000 signup bribe for a permanent wage freeze effect looks pretty stupid now compared to the management greed that crystallizes this year.

No employee group in QANTAS should EVER endorse a pay freeze EVER again. Whilst the long term effects are felt by the employees the management merely delay their massive bonus for tricking you fools into accepting their deal.

troppo
29th Apr 2017, 16:12
.maybe u shudda bought at a buck then u wudnt be whining...sorry...can't understand your position on this... Can't have your cake and eat it as an investor and employee
Hell...maybe 5 years back I think i suggested AJ took a position to ensure share holder value, which as CEO he has a fiduciary duty to deliver.

Capn Bloggs
29th Apr 2017, 23:28
Can't have your cake and eat it as an investor and employee
Unless he's calling himself a fool ("tricking you fools"), that post doesn't read he's an employee, or a shareholder, for that matter... :confused:

Tuck Mach
29th Apr 2017, 23:53
A great topic What the...



Alan Joyce start date Qantas CEO 28 November 2008.



JQ fleet was 36 aircraft, rapidly growing to 120 ish, Qantas at the same time started a continual reduction
QF International in 2011 (HY results), by June 2011 was 'terminal'
October grounding in 2011
Red Q and other fanciful Asian experiments, none of which were ever properly constructed nor executed. (JQ HK!)
Application to the amend all the European bilateral, effectively allowing them to replace QF with JQ to every port, retaining only 2 slots daily to London (this was 2011) What is the international European network now??:eek:
The biggest loss in QF history FY2014. (bought about by a fleet writedown) at management discretion



Pay freezes for staff on the back of the loss
A miraculous turnaround a result of depreciation reduction and fuel price falls (of which QF has a big exposure given fleet composition)

Interestingly, AA had a similar pattern, they have the chapter 11 provisions to break contracts. What is detailed in a number of texts pertaining to IR modelling is really important.


AA in the spirit of conciliation, having effectively broken all contracts anyway, invited the unions in to 'look at the books'. What they were not shown was 'escrow accounts' containing the bonuses to be paid to certain management once the ink was dry on the contract reductions..


Qantas it could be argued tried something similar, huge numbers of options with a strike price at say AUD$1 were awarded, in 2012, with expiry dates in FY15,FY16 etc. Whilst telling the staff consistently managers were pay frozen also. Once the business was 'transformed' the options are exercised at a spot price of say $3.50-$4.00



Rinse wash and repeat...:E



Corporate governance in Australia applies to theory only...

Tuck Mach
4th May 2017, 11:36
Like a town crier ringing the bell and warning of impending doom, Joyce just kept coming out with the bad news. It culminated on August 28, 2014, with a record statutory loss of $2.8 billion.
At the time, Joyce rang the bell over the "confronting" loss facing Qantas and warned of the urgent need for "accelerated transformation". Incredibly, he predicted the business would be profitable in the first half of financial year 2014-15.

And he was right the Qantas annual general meeting in Perth on Friday will hear a story of an airline transformed, from a record loss to a profit of $789 million an amazing $3.5 billion turnaround. The prophet of doom is now promoting fat profits.
At first glance it's the sort of turnaround the likes of Warren Buffett would applaud. Or is it an illusionist's trick that David Copperfield would be in awe of, where the accountant's hand is faster than the eye?





Greg Medcraft and ASIC? Empty suits....

AEROMEDIC
4th May 2017, 13:00
Qantas share price was a $1.00 (or less) when Singo and co. bought up.
They sold out at about $1.30, so a nice little gain. However, they might look at the price today and wish they had held on.
That's the risk of investing.
The long term investors who may have bought in at $5.40+ were wringing their wrists as the share price fell off the proverbial cliff when the takeover attempt failed.
Dixon, Jackson and co. were hopelessly compromised when recommending acceptance of the offer. Fortunately, there were some that did their homework at the time to work out that recommending acceptance was placing tens of millions of Qantas cash into board members pockets.
The ABC's Ticky Fullerton said
. At the time of the APA bid, it was John Elliott's son Tom, then a fund manager with MM&E capital, who told me during a Four Corners program:
Those executives or those directors who stood to benefit personally from the takeover, and obviously Geoff Dixon was the most prominent, he stood to make anywhere between $60 and $100 million, which he said in advance he would give to charity. But that's not really the issue here. I believe he was conflicted.
That's one of the risks investors face when investing their money in any company. You have to have faith in the company board that they will make their decisions in the interests of the company and the shareholders and not themselves.

Good luck with that!

sierra5913
5th May 2017, 02:41
Alan Joyce start date Qantas CEO 28 November 2008: Share Price $2.51

Today: $4.51

He Wins.

End Thread.

V-Jet
5th May 2017, 03:57
Unfortunately the company loses. Badly. And that includes the Australian tax payer, who really should have some recourse over bandit management. Borrowing money to inflate the share price when Qf is not in that good a position is lunacy. You wouldn't do it with your own money, that's for sure! Then again, Alan never has...

hotnhigh
5th May 2017, 04:35
Not bad for a bloke who hasn't ordered one aircraft for qantas in his tenure. For what its worth people....look at the annual report LTIP, Long term investment plan, and look at the loading of the scheme from 2014 onwards.
Interesting to say the least. And at $4.50 plus OMG.
Clearly the transformation is complete.

And if you are qantas person you can see who gets it with a bit of research.

B772
5th May 2017, 04:41
sierra5913

I assume you are a member of the Joyce Fan Club.

Comparing the position on the 30/06/07 with today we see the following:

Market Cap $11,116 M Today $7,992 M
Shareholders Equity $6,189 M Today $3,255 M
NTA per share $2.93 Today $1.27
Net Interest Cover 74.72 Today 8.65
Debt/Equity % 81.9 Today 149.1

During this time there has been a net reduction of 84,000,000 shares on issue which has a huge impact on the above numbers so I think it is too early to suggest Allan wins !

AerialPerspective
5th May 2017, 04:55
sierra5913

I assume you are a member of the Joyce Fan Club.

Comparing the position on the 30/06/07 with today we see the following:

Market Cap $11,116 M Today $7,992 M
Shareholders Equity $6,189 M Today $3,255 M
NTA per share $2.93 Today $1.27
Net Interest Cover 74.72 Today 8.65
Debt/Equity % 81.9 Today 149.1

During this time there has been a net reduction of 84,000,000 shares on issue which has a huge impact on the above numbers so I think it is too early to suggest Allan wins !
I won't dispute those figures but I believe you need to take into consideration that the share price and thus market cap was artificially 'inflated' at that point still, following the aborted APA take-over which resulted in the share price being over $5.00 for quite some time.
Not saying you're wrong but just saying it's necessary to recognise that APA were a bunch of raiders that offered a fist full of dollars to buy the airline so they could load it up with debt. That 'valuation' left the company's share price probably artificially high for a while afterward from memory.

Tuck Mach
5th May 2017, 07:39
Not bad for a bloke who hasn't ordered one aircraft for qantas in his tenure. For what its worth people....look at the annual report LTIP, Long term investment plan, and look at the loading of the scheme from 2014 onwards.
Interesting to say the least. And at $4.50 plus OMG.
Clearly the transformation is complete.

As AA did with their staff, it was a set up..Of course not possessing Chapter 11 style provisions didn't stop the little fella...

From 'terminal' to 'transformed' and options nicely sitting there waiting....