A noice little earner?
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Join Date: Jan 2005
Location: Where I'm not alarmed
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A noice little earner?
I wonder how many Qantas shareholders who were, until the APA bid, participating in the now defunct Dividend Reinvestment Plan 'caught short' and have experienced a delayed dividend payment because The Rat did not have details of Bank Accounts for electronic lodgment of the latest dividend?
I have carefully watched my mail and the only inkling of a delay in paying the latest dividend was late last month when told the amount of the payment but couldn't be paid blah blah blah. I wonder of this ploy was intentional on the part of Qantas or an oversight by some over-paid work experience kiddie? Whatever, Qantas now has the additional use of quite a few million ('000s??) dollars for a few weeks.
A nice windfall if ever there was one.
I have carefully watched my mail and the only inkling of a delay in paying the latest dividend was late last month when told the amount of the payment but couldn't be paid blah blah blah. I wonder of this ploy was intentional on the part of Qantas or an oversight by some over-paid work experience kiddie? Whatever, Qantas now has the additional use of quite a few million ('000s??) dollars for a few weeks.
A nice windfall if ever there was one.
Join Date: Dec 2006
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QF, bring back the DRP please.
Didn't the last shareholder presentation mention something about an on market buyback? Would this be at odds with a DRP?
AustralianMade
Join Date: Nov 2006
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Didn't the last shareholder presentation mention something about an on market buyback? Would this be at odds with a DRP?
Nunc est bibendum
If you look up the ASX web site and then go to the company announcements for QAN you'll find that they've been buying back pretty hard over the last few weeks.
Join Date: Apr 2007
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Yeah great idea!
Lets buy back the shares at around $5.90 when we could have bought them for $5.10 or so just before the APA bid or even $4.00 a few months before then (when we all know that APA was circling).
With an intent of around 200 million shares in the buy back, thats only a cool $160-$380million or so of shareholder funds we're mucking around with.
Qantas management, brilliant!
Lets buy back the shares at around $5.90 when we could have bought them for $5.10 or so just before the APA bid or even $4.00 a few months before then (when we all know that APA was circling).
With an intent of around 200 million shares in the buy back, thats only a cool $160-$380million or so of shareholder funds we're mucking around with.
Qantas management, brilliant!
