Merged: QANTAS Into Trading Halt
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Merged: QANTAS Into Trading Halt
Anyone have any ideas??
Qantas in trading halt pending capital management announcement | The Australian
Qantas in trading halt pending capital management announcement | The Australian
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Qantas Trading halt
QAN Company Announcements
Interesting...... in the document
"The trading halt is requested pending a meterial announcement in relatino to capital management initiatives"
Interesting...... in the document
"The trading halt is requested pending a meterial announcement in relatino to capital management initiatives"
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I think my shares are about to get toasted
Uh oh. Sounds like things are happening rather fast and looking uglier by the minute.
Qantas will drop the curtain on the good times this afternoon - Plane Talking
Qantas will drop the curtain on the good times this afternoon - Plane Talking
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Although Qantas chose its words carefully, they imply that an additional capital raising is about to be announced, although at suggested figures of between $500-750 million, this doesn’t sound like they are about to buy British Airways.
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if successful, Qantas will bring forward its half-yearly profit report to tomorrow.
HH has the right idea.What if they sold Jetstar and bought VB and then used VB so they have a foot in the door of Virgin Australia flights to the US.
Or this money raised is for the half yearly bonuses for the board.
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Why would they buy VB? Many of you here are of the opinion that VB is finished with the start up of V-Aus so why the sudden change of mind.
Are things that bad at the Rat?
Has the person in charge of the hedging done something they shouldn't have? Last years report showed $2.5 billion in cash. What have they done with all that cash? GD only took $12 mill of that where has the rest gone so quicky that they would need $500 mill? Are they having trouble financing aircraft or rolling over debt?
In the letter to ASX they have stated that P/L would still be within 15% of what they forcast so it shouldn't be that.
Are things that bad at the Rat?
Has the person in charge of the hedging done something they shouldn't have? Last years report showed $2.5 billion in cash. What have they done with all that cash? GD only took $12 mill of that where has the rest gone so quicky that they would need $500 mill? Are they having trouble financing aircraft or rolling over debt?
In the letter to ASX they have stated that P/L would still be within 15% of what they forcast so it shouldn't be that.
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Just read all the info off the ASX site.
The Net Debt has increased by 38% or $1,796 million dollars in just six months. Net cash is down a little to $2,800 million.
All this debt you would have to presume is from the purchase of the A380's which will be an ongoing concern for QF. They are well and truly committed to the upgrading of the fleet by now so the debt will have to increase over the next few years whilst revenues continue to soften with the tougher times ahead.
As the public love QF they will no doubt snap up this offer but I wonder what sort of affect it will have on the share price over the next few months with an extra 200 million QF shares on the market.
The Net Debt has increased by 38% or $1,796 million dollars in just six months. Net cash is down a little to $2,800 million.
All this debt you would have to presume is from the purchase of the A380's which will be an ongoing concern for QF. They are well and truly committed to the upgrading of the fleet by now so the debt will have to increase over the next few years whilst revenues continue to soften with the tougher times ahead.
As the public love QF they will no doubt snap up this offer but I wonder what sort of affect it will have on the share price over the next few months with an extra 200 million QF shares on the market.
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Toasted for sure
Yeah, a quick read of the ASX announcement makes me think higher costs and share dilution and bad market outlook are going to be in play. I don't think the ACCC would eva let them buy Virgin Blue. Buying out the Kiwi's has an even chance of happening in the next few years for my money but I wouldn't bet on it.
wirgin blew
From the SMH article:
Sounds like the general public won't be able to get their hands on the shares. I read in another article that Macquarie and UBS will be getting involved.
As the public love QF they will no doubt snap up this offer but I wonder what sort of affect it will have on the share price over the next few months with an extra 200 million QF shares on the market.
The carrier also announced that it will raise $500 million in an institutional share placement to help fund new aircraft.
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Before tax profit of $288 Million for the half year to 31/12/08.
About Qantas - Media Room - Media Releases
About Qantas - Media Room - Media Releases
Thanks Dizzy,
I couldn't see the equivilent figures for mainline, does anyone know the total expenditure per ASK for mainline? I am just interested to see how much more it is. Framer
Jetstar's total expenditure cost per ASK increased 6.7 per cent to 7.5 cents.
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Why would they buy VB?
Have you ever heard of a joke as I'm sure Roamingwolf and Howard have....I wouldn't take the suggestion too seriously.
On the other hand airlines have been known to ensure market share by buying out the opposition....
Especially if the price is right and you could not exactly describe VB at the moment as over subscribed.