QF shares hit $2.00, discuss
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Wait til the Aussie market closes tonight. I predict another day of blood-letting. By the end of the week I wouldnt be surprised if QF reaches an all new record low.
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Which is $1.38, the lowest price QF shares dropped too when the Company raised fresh capital in 2009.
Anyone out there willing to predict what the 'price' of further capital raising will be this time round.
Anyone out there willing to predict what the 'price' of further capital raising will be this time round.
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Polish The Turd
As of 1330 today:
Qantas Airways
ISIN : AU000000QAN2
SYMBOL : QAN
1.525-0.075 (-4.69%)Qantas Airways
Qantas Airways Shares
Price
1.525
Bid Price
1.520
Ask Price
1.525
% Change
-4.69%
Last Change Time
11:19:44
Volume
11,787,814
Open
1.490
High
1.530
Low
1.480
Yesterday's Close
1.600
You 'can't poilsh the turd' !!
But I am certain the Execs are putting a lot of elbow grease into their attempt !!
Qantas Airways
ISIN : AU000000QAN2
SYMBOL : QAN
1.525-0.075 (-4.69%)Qantas Airways
Qantas Airways Shares
Price
1.525
Bid Price
1.520
Ask Price
1.525
% Change
-4.69%
Last Change Time
11:19:44
Volume
11,787,814
Open
1.490
High
1.530
Low
1.480
Yesterday's Close
1.600
You 'can't poilsh the turd' !!
But I am certain the Execs are putting a lot of elbow grease into their attempt !!
Join Date: Aug 2007
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GAAM, Fly Lease
Now to some fancy flying by a stellar cast of local investors who have been the force behind the country’s second-biggest aircraft leasing business Global Aviation Asset Management and have now managed to sell it to US-listed FLY Leasing for $US1.4 billion. FLY is the former Babcock and Brown aviation leasing business and boasts former B&B execs Trevor Lowensohn and Phil Brown as its advisors. The merry cast at GAAM cashing in on the deal include former Qantas boss Geoff Dixon, his former CFO and former Leighton CFO Peter Gregg, former Allco boss David Coe, John Singleton and private equity investor Mark Carnegie. This team is now looking at multiple investment opportunities and Dixon has told The Australian Financial Review that they are looking to put together a bid to take over the management of the $6 billion portfolio of RBS Aviation Capital, the fourth-largest aviation leasing company in the world.
what timing Qantas looks cheap
Now to some fancy flying by a stellar cast of local investors who have been the force behind the country’s second-biggest aircraft leasing business Global Aviation Asset Management and have now managed to sell it to US-listed FLY Leasing for $US1.4 billion. FLY is the former Babcock and Brown aviation leasing business and boasts former B&B execs Trevor Lowensohn and Phil Brown as its advisors. The merry cast at GAAM cashing in on the deal include former Qantas boss Geoff Dixon, his former CFO and former Leighton CFO Peter Gregg, former Allco boss David Coe, John Singleton and private equity investor Mark Carnegie. This team is now looking at multiple investment opportunities and Dixon has told The Australian Financial Review that they are looking to put together a bid to take over the management of the $6 billion portfolio of RBS Aviation Capital, the fourth-largest aviation leasing company in the world.
what timing Qantas looks cheap
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Now to some fancy flying by a stellar cast of local investors who have been the force behind the country’s second-biggest aircraft leasing business Global Aviation Asset Management and have now managed to sell it to US-listed FLY Leasing for $US1.4 billion. FLY is the former Babcock and Brown aviation leasing business and boasts former B&B execs Trevor Lowensohn and Phil Brown as its advisors. The merry cast at GAAM cashing in on the deal include former Qantas boss Geoff Dixon, his former CFO and former Leighton CFO Peter Gregg, former Allco boss David Coe, John Singleton and private equity investor Mark Carnegie. This team is now looking at multiple investment opportunities and Dixon has told The Australian Financial Review that they are looking to put together a bid to take over the management of the $6 billion portfolio of RBS Aviation Capital, the fourth-largest aviation leasing company in the world.
what timing Qantas looks cheap
what timing Qantas looks cheap
What an incredible scope of timing that would be don't you think ?
Ejectx, should we rename this thread : QF shares to hit $1.00, discuss ?
packrat.
I do not think QF is super cheap based on the current share price.
Their current liabilities including off balance sheet debt are greater than the value of their assets (By $570M approx.)
The most recent financials also show the following:
Net profit margin 1.2%
Return on equity 2.9%
Return on capital 3%
Dividend - 0%
From an investor perspective QF ownership has been a flop since it was listed
and especially under Joyce.
The total shareholder returns are as follows:
Over 1 year -36%
Over 3 years -21% average per year
Over 5 Years -11% average per year
Over 10 years -1% average per year
The above returns do not allow for capital loss due to inflation.
The QF Frequent Flyer Program (FFP) has just purchased Wishlist Holdings
and plans to offer more online retailing. It appears the FFP earnings in 2011/2012 will be greater than QF mainline and Jetstar combined.
Now we know why Virgin are planning a new frequent flyer program with Coles, Shell and Bunnings as major partners.
If it was not for the FFP QF would be stuffed.
Any buy and hold investors in QF need their head read. Even the QF Directors hold very few QF shares.
I do not think QF is super cheap based on the current share price.
Their current liabilities including off balance sheet debt are greater than the value of their assets (By $570M approx.)
The most recent financials also show the following:
Net profit margin 1.2%
Return on equity 2.9%
Return on capital 3%
Dividend - 0%
From an investor perspective QF ownership has been a flop since it was listed
and especially under Joyce.
The total shareholder returns are as follows:
Over 1 year -36%
Over 3 years -21% average per year
Over 5 Years -11% average per year
Over 10 years -1% average per year
The above returns do not allow for capital loss due to inflation.
The QF Frequent Flyer Program (FFP) has just purchased Wishlist Holdings
and plans to offer more online retailing. It appears the FFP earnings in 2011/2012 will be greater than QF mainline and Jetstar combined.
Now we know why Virgin are planning a new frequent flyer program with Coles, Shell and Bunnings as major partners.
If it was not for the FFP QF would be stuffed.
Any buy and hold investors in QF need their head read. Even the QF Directors hold very few QF shares.
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rrmcdon,
That of course is based on an assumption that you can trust the accounting.
Would you, given what has been revealed and the statements from the company??
Suspect that it is best to have a profitable arm where there are no external measures with which to compare performance.
That of course is based on an assumption that you can trust the accounting.
Would you, given what has been revealed and the statements from the company??
Suspect that it is best to have a profitable arm where there are no external measures with which to compare performance.
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Today's price 18-08-2011 4.26 pm
What was the price last Tuesday after the announcement when the business press said the market liked what Joyce said?
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TailWheel's Excellent Observation
Qantas has around $3billion in cash on its books.
Its current sharemarket value is $3.4 billion.
Qantas almost offers it self up as a self funding takeover target
Its current sharemarket value is $3.4 billion.
Qantas almost offers it self up as a self funding takeover target
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Qantas has around $3billion in cash on its books.
Its current sharemarket value is $3.4 billion.
Qantas almost offers it self up as a self funding takeover target
Its current sharemarket value is $3.4 billion.
Qantas almost offers it self up as a self funding takeover target
Once again, time for Senator Xenaphon to rattle the QF cage by having this entire sordid affair examined under a microscope.