QF shares hit $2.00, discuss
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When a 'real' major investor hits the road, then you will know something is misfiring in the play dead engine room.
Westpac reduced their holdings a few days ago.
short flights long nights
I feel the end and/or buyout is not far away now. I could be wrong, I hope I am, but I feel like I am watching a large train crash in slow motion.
What I cant figure out..what is actually in it for Joyce and Co. Once its gone its gone, there is no more cow to milk, the cow will be dead and gone.
So can someone who is smarter than me (and there are a lot of you out there) please explain just what is this plan achieving?
I can see a buyout/asset strip, I understand how that would benifit the few.
But a total collapse (which I can see coming), I just dont get what advantage that is to the perpertrators of this mess.
I await your answers.
What I cant figure out..what is actually in it for Joyce and Co. Once its gone its gone, there is no more cow to milk, the cow will be dead and gone.
So can someone who is smarter than me (and there are a lot of you out there) please explain just what is this plan achieving?
I can see a buyout/asset strip, I understand how that would benifit the few.
But a total collapse (which I can see coming), I just dont get what advantage that is to the perpertrators of this mess.
I await your answers.
Last edited by SOPS; 5th Jun 2012 at 09:51.
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Don't confuse a collapse in the share price with a collapse of the company. The company is still profitable (for the time being). It alleges it has cash reserves which equal the current 'on-market' price. What does that tell you?
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Don't believe the 'cash' hype. What kind of company in this kind of shape has that amount of cash? I don't buy it. If it stinks like bull....well you know.
I don't think this is a planned strategy of any kind - more like deers in the headlights - deep freeze - hoping for hope - it can't be happening - they really are hopeless managers who got it really, really wrong.
Sub $1.00 price is inevitable now - it's too close to not happen.
I don't think this is a planned strategy of any kind - more like deers in the headlights - deep freeze - hoping for hope - it can't be happening - they really are hopeless managers who got it really, really wrong.
Sub $1.00 price is inevitable now - it's too close to not happen.
short flights long nights
It tells me a buyout is looming....that part I get. Buy the Old Girl, asset strip her to hell, take all the cash and flog/give away/shut down what ever is left.
And perhaps Baileys, you are correct. There is no plan to all of this. Just an all time, monumental f**k up. One that a little Irish man was paid $5 million to engineer, with no idea at all what he was doing.
That makes sense, I am looking at this too deep. These people are simply incompetent.
And perhaps Baileys, you are correct. There is no plan to all of this. Just an all time, monumental f**k up. One that a little Irish man was paid $5 million to engineer, with no idea at all what he was doing.
That makes sense, I am looking at this too deep. These people are simply incompetent.
Last edited by SOPS; 5th Jun 2012 at 09:57.
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SOPS:You nailed it
There is no hidden agenda.No Conspiracy.Just plain and absolute incompetence.Who in their right mind grounds an entire airline and in the process loses $100million and inconveniences thousands of their customers.
All at a time when the business is already struggling from the poor decisions of the previous CEO.
Only a self absorbed idiot could do this.An idiot that has no emotional connection with the company he works for.
All at a time when the business is already struggling from the poor decisions of the previous CEO.
Only a self absorbed idiot could do this.An idiot that has no emotional connection with the company he works for.
Guest
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DJ are not doing so great. Sure DJ are expanding market share but they are spending heaps of borrowed money and you can't live on debt in a tough environment like we have now. Their DE ratio is about 177% and that is about double that of QF. QF's DE isn't good either at 98% but they also have 3.5 Billion in cash. Very deep pockets. I'm sure AJ is trying to figure out how to send the company broke and keep hold of the cash at the same time!
QF's EPS is 10.9 cents Vs a lousy 2.9 for DJ. Qantas shares are still worth a lot more tha DJ, provided no other bad stuff crops up of course.
SN
PS, hope that's makes you feel better TW!
QF's EPS is 10.9 cents Vs a lousy 2.9 for DJ. Qantas shares are still worth a lot more tha DJ, provided no other bad stuff crops up of course.
SN
PS, hope that's makes you feel better TW!
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I'm going with conspiracy.
Hanlon's razor, modified by Einstein:
"Never attribute to malice that which can be adequately explained by stupidity -but don't rule out malice."
Stupidity doesn't adequately explain the systematic gutting and devaluing of Qantas that is happening as we watch.
Hanlon's razor, modified by Einstein:
"Never attribute to malice that which can be adequately explained by stupidity -but don't rule out malice."
Stupidity doesn't adequately explain the systematic gutting and devaluing of Qantas that is happening as we watch.
The 'Structural Issues' that keeps getting harped on about, what is that exactly ?
Is it the lack of B777's ?
The B787 would fix the B744 'Structural Issue' in an instant, wouldn't it ?
Is it the lack of B777's ?
The B787 would fix the B744 'Structural Issue' in an instant, wouldn't it ?
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Joyce said international loss 450 million minus 100 million on grounding the airline - 50 million on redundancy payment-250 million on refurbishment on aircraft -25 million on executive salary rise -25 million on setting jetstar Japan that is also coming out of international operations so there goes your 450 million loss.All the looses put on international operational and blame unions,Europe ,oil but not himself.
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No lads its not stupidity nor incompetence, it is simply following the Dixon plan of turning QF into JQ. A new national carrier, born of the old one, run at half the price, employing Asian workers who have to be prepared to work for peanuts, all engineering done OS in Bucketstan, by poorly trained, to our standards, engineers. The tech crew will stay Australian (the question is are they prepared to fly half serviced buckets of bolts) but of course there are always foreign pilots ready to be employed. Profits will rise, the shareholders will be happy, the CEO will get another bonus, until the inevitable, the first aircraft shaped smoking hole in the ground. Of course it will be the fault of the pilots who are probably deceased, or the hapless engineer who signed it out, but it will never be the fault of the management. From the day the birth of JQ it was always the plan, and it is slowly coming to fruition, the wringing of the hands, the wiping of the brow by Joyce is worthy of a Oscar, the unions know it, the staff know it, but the public don't. Qantas will be no more than a brand name loved by the nation but will have as much relevance as Ansett and TAA do today. Welcome to the bone yard QF to lie with your ex patriots, irrelevant, forgotten, destroyed by a bunch of carpetbaggers, men without soul, the greed of the shareholder, a fine airline with a proud record lies in the dust for no other reason than greed.
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This is being played out like a hand of misere. It has been very well orchestrated thus far.
However, it is not until the last card is laid, that you will know what Qantas's destiny is.
Similarly, it is like coming out of the closet. You won't know whether you have made the right decision until you actually, come out.
Pardon the Pun.
However, it is not until the last card is laid, that you will know what Qantas's destiny is.
Similarly, it is like coming out of the closet. You won't know whether you have made the right decision until you actually, come out.
Pardon the Pun.
"Domestic customer satisfaction with Qantas is at its highest sustained level since 2004 & we continue to deliver the best network, frequency & on-time performance in the market." AJ
Sure it is
Sure it is
"TG" that's an excellent post
Nothing is forever in this world QF has been burnt almost beyond recognition by the man holding the fuel can so lets just let QF die & have fond memories of it's once proud Aussie stand. J* the bastard child of QF will bare the scars of the past.
Joyce & the likes have no conscience, soul etc it's all about $$$ for those guys. He/they will one day be worm food & they will just like the brand name QF will fade into the history books.
Wmk2
Nothing is forever in this world QF has been burnt almost beyond recognition by the man holding the fuel can so lets just let QF die & have fond memories of it's once proud Aussie stand. J* the bastard child of QF will bare the scars of the past.
Joyce & the likes have no conscience, soul etc it's all about $$$ for those guys. He/they will one day be worm food & they will just like the brand name QF will fade into the history books.
Wmk2
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Thats why these types of CEO's surround themselves with Yes men, so they tell him what he wants to hear. They dont get it, will never get it and will always have spin to explain their delusions.Someone spare us any more PLEASE.
Sprucegoose
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International load factor 86.1%.
