QF shares hit $2.00, discuss
Nunc est bibendum
I recall an article a while back where Clifford and Joyce declared that 'there has been no approach from private equity companies'. I made the point at the time- but can't find the exact post- that they'd just exercised some of that 'mental reservation' that someone else posted about recently and that whilst they hadn't had any approaches from a 'company', I wonder if they'd had some approaches from individuals.
Turns out that their HAD been approaches from individuals. Just another confirmation of their dissembling, distorting and lying ways. Bastards.
Turns out that their HAD been approaches from individuals. Just another confirmation of their dissembling, distorting and lying ways. Bastards.
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Keg
August 24, 2011 17:23:40
Source: Qantas chief says shareholders ‘better off in the bank’
However, Alan Joyce says the airline has not received any offers.
“We’ve not formally or informally been approached by any private equity takeover bid, so we can only regard it as just market speculation,” he said.
“We’ve not formally or informally been approached by any private equity takeover bid, so we can only regard it as just market speculation,” he said.
Source: Qantas chief says shareholders ‘better off in the bank’
Nunc est bibendum
Ah, there it is. Dixon never said they were going to 'take it over', just that they were going to go for a 'strategic stake'. Another good bit of spin from both Joyce and Dixon. 
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Originally Posted by Darth Vader
Mr Dixon said while the group shelved its plans because of the uncertain outlook for Europe and the global economy, it remained interested while the Qantas share price remained low.
ST
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It looks like Howard Hughes bet that Joyce won't by CEO to front the Senate in Feb odds just shortened, considerably. Looks to me like they are going to cut him loose. He was there to do a job, and the job has been completed.
With the liquidity freeze in Europe intensifying, leverage will be hard to come by for GAAM. If the share QAN share price approached ~50 cents, they would be able to make an cash bid without the need for leverage.
With the liquidity freeze in Europe intensifying, leverage will be hard to come by for GAAM. If the share QAN share price approached ~50 cents, they would be able to make an cash bid without the need for leverage.
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Tikki Fullerton ABC Business Lateline
Fullerton interviewed Dixon a little while back and asked some very pertinent questions.Dixon shifted in his seat a few times particulalry when she asked him about his interest in a Qantas stake.
You can tell when these guys are lying- their lips are moving
Where are CASA ASIC and the government in all this ?
You can tell when these guys are lying- their lips are moving
Where are CASA ASIC and the government in all this ?
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good memory mach2male
Lateline Business:Tourism Australia's Dixon looks to China - Full interview & transcript.
TICKY FULLERTON: You said that you're reluctant to talk about Qantas, but I've got to ask you about this private equity bid, because there's been some discreet buying on the market, we know; you guys have been outed last week in the media.
Many of the same crew of the old APA syndicate - yourself, Mike Carnegie, David Coe. The share price is at a low. What are you waiting for?
GEOFF DIXON: Well, can I say - I'll repeat that I don't discuss Qantas issues, but I will say we have an investment company, which includes Mark and a few other people. And I will say that investment company has not bought one share in Qantas.
TICKY FULLERTON: So far. Yeah. Will you come back and talk to us about it if such a thing does happen?
GEOFF DIXON: I will come back and talk to you about anything you like.
Many of the same crew of the old APA syndicate - yourself, Mike Carnegie, David Coe. The share price is at a low. What are you waiting for?
GEOFF DIXON: Well, can I say - I'll repeat that I don't discuss Qantas issues, but I will say we have an investment company, which includes Mark and a few other people. And I will say that investment company has not bought one share in Qantas.
TICKY FULLERTON: So far. Yeah. Will you come back and talk to us about it if such a thing does happen?
GEOFF DIXON: I will come back and talk to you about anything you like.
...."And I will say that investment company has not bought one share in Qantas".
Perhaps Tiggy should have then asked, "has your investment company bought more than one share and if so exactly how many?"
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for those who can't stream.
What is also interesting GD gets in his support for the board and AJ which leads me to believe LC may have known something about it as well. In the AGM video posted by BB LC said he knew nothing about it.. I will try to find it and post it later.
.
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Alan Joyce's tenure is untenable.
Of incredible relevance to ASIC is the so called 'private conversations' between a former and current CEO. These conversations given Dixon, Gregg, Coe ad Carnegie's involvement in APA and latterly GAAM are absolutely relevant. Their potential involvement in single aisle aircraft leasing in the undefined miracle alleged to be occurring in Asia deserve incredible scrutiny.
Joyce will be thrown to the wolves.
Clifford is haemorraging.
Of incredible relevance to ASIC is the so called 'private conversations' between a former and current CEO. These conversations given Dixon, Gregg, Coe ad Carnegie's involvement in APA and latterly GAAM are absolutely relevant. Their potential involvement in single aisle aircraft leasing in the undefined miracle alleged to be occurring in Asia deserve incredible scrutiny.
Joyce will be thrown to the wolves.
Clifford is haemorraging.
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Dixon's Sniping
There was no love lost between Dixon and Clifford.Hence Dixon's early departure
Dixon pops up evey so often and adds a little to the mix.
He still has aspirations.Maybe Dixon will offer Joyce a job after his tenure at QF expires?
Dixon pops up evey so often and adds a little to the mix.
He still has aspirations.Maybe Dixon will offer Joyce a job after his tenure at QF expires?
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Manners
Very very bad display of a lack of executive manners I reckon.
While the senator is speaking you can hear Alan and Uncle Fester Buchanan clinking and clunking ice. Then when Alan is talking you can see Uncle Fester eating something, how rude? What I want to know is what was Uncle Fester eating? Was it ice, a salami stick, maybe a lightbulb, an incriminating email, a photo of Wirthless, maybe he was eating a few more cents of the QF share price, some OTP stats, some consultant fees or a pair of marbles, who knows?!!
While the senator is speaking you can hear Alan and Uncle Fester Buchanan clinking and clunking ice. Then when Alan is talking you can see Uncle Fester eating something, how rude? What I want to know is what was Uncle Fester eating? Was it ice, a salami stick, maybe a lightbulb, an incriminating email, a photo of Wirthless, maybe he was eating a few more cents of the QF share price, some OTP stats, some consultant fees or a pair of marbles, who knows?!!
Last edited by Cactusjack; 28th Nov 2011 at 15:54.
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Is it possible ?
Is it possible that LC / AJ and co. are being given too much credit here ?
Is it possible that there is actually no "master plan" or "ulterior motive", rather they're just stumbling along, making it all up as they go along ?
ST
Is it possible that there is actually no "master plan" or "ulterior motive", rather they're just stumbling along, making it all up as they go along ?
ST
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For the record and for those who missed it..
QANTAS boss Alan Joyce says the airline has no immediate need to cut more routes or capacity, despite news that its first-half underlying pre-tax profit will be as much as 66 per cent lower than last year.
The airline said yesterday that it expected first-half underlying profit of between $140 million and $190m, down from $417m in the same period a year ago.
.
As a side note, Qantas one world partner
American Airlines file for Chapter 11 protection
American Airlines' parent company AMR Corporation has filed for Chapter 11 bankruptcy protection.
The Texas-based company said it expected the airline to continue to operate throughout the bankruptcy process.
The company said business would continue as normal and would honour all bookings and tickets.
American Airlines' chairman Thomas Horton said he was confident that the company would emerge stronger.
BBC News - American Airlines file for Chapter 11 protection
JP Morgan is one of the big three institutional investors for Q.
In my view probably not a good time to gamble with new airline start ups.
QANTAS boss Alan Joyce says the airline has no immediate need to cut more routes or capacity, despite news that its first-half underlying pre-tax profit will be as much as 66 per cent lower than last year.
The airline said yesterday that it expected first-half underlying profit of between $140 million and $190m, down from $417m in the same period a year ago.
.
As a side note, Qantas one world partner
American Airlines file for Chapter 11 protection
American Airlines' parent company AMR Corporation has filed for Chapter 11 bankruptcy protection.
The Texas-based company said it expected the airline to continue to operate throughout the bankruptcy process.
The company said business would continue as normal and would honour all bookings and tickets.
American Airlines' chairman Thomas Horton said he was confident that the company would emerge stronger.
BBC News - American Airlines file for Chapter 11 protection
Standard and Poor's downgrades US banks
November 30, 2011 - 9:14AM
AFP
Ratings agency Standard & Poor's says it has downgraded the ratings of major US banks, including Citigroup, Goldman Sachs, Wells Fargo, JPMorgan Chase, Morgan Stanley and Bank of America.
The agency said the new ratings, also applied to 37 of the world's largest banks, was part of a process of "applying its new ratings criteria for banks."
November 30, 2011 - 9:14AM
AFP
Ratings agency Standard & Poor's says it has downgraded the ratings of major US banks, including Citigroup, Goldman Sachs, Wells Fargo, JPMorgan Chase, Morgan Stanley and Bank of America.
The agency said the new ratings, also applied to 37 of the world's largest banks, was part of a process of "applying its new ratings criteria for banks."
In my view probably not a good time to gamble with new airline start ups.
Last edited by TIMA9X; 29th Nov 2011 at 22:39.
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Southwest Airlines
What is it that SWA are doing that every other airline is not?
Engaged workforce
Robust share price
Profitability
Satisfied Customers
Joyce needs to pay them a visit pronto
Engaged workforce
Robust share price
Profitability
Satisfied Customers
Joyce needs to pay them a visit pronto
Joyce needs to pay them a visit pronto
No one should EVER make the mistake of thinking, even for a second, that anyone who has the name Dixon in their contact list has any operational interest in anything other than pubs. That is where their expertise lies, and to think anything else is just going to upset you.