QF shares hit $2.00, discuss
Gradual divergence between the Qantas shareprice and the S&P ASX 200 since 2003 suggests that Qantas is not producing value compared to that basket of shares, yet the airline was still valued at $5.60 per share in May 2007 and 6.01 in October 2007.
The sharemarket is currently about 40% below its 2007 highs. If QF had merely performed as well as other public companies over that period, it would be today be worth about $3.00 per share, not $1.06.
The sharemarket is currently about 40% below its 2007 highs. If QF had merely performed as well as other public companies over that period, it would be today be worth about $3.00 per share, not $1.06.
Last edited by Sunfish; 7th Jun 2012 at 21:49.
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A good mate of mine, a very well know Opposition front bench bloke, said to me, the Govt and the Opposition are watching QF very closely. For a start nobody wants the National Carrier die on their watch, they fear retribution from the public, and my answer to that is, what are you blokes going to do about it? The last thing the incoming, in all probability, Liberal Govt want is QF to breath its last as they arrive, or even worse the Arabs turn up. So I said what about renationalisation, it would be considered he said, depending once more on voter behaviour, (it would appear it all depends on votes from either side, not surprisingly) but he does agree to let QF die would be catastrophic for the country, so some hope there. He refused to be drawn into his opinion of Joyce (wily bugger) but did offer that it would be good to get Borgetti back in the LH seat. Now make of this what you will, but I felt a little better, knowing both sides are anxious about the company, I mean who wants 35,000 people suddenly without a job? The backlash would be dreadful. From his conversation, I don't think QF is going to follow the path of TAA and Ansett, not at this stage anyway, I think a lot of money would be pumped in before that happened, despite of Joyce, Clifford et al, they mean little when it comes to votes apparently, they are disposable. Hope this brightens your day a little, it ain't over yet, not by a long shot.
Grounding?
It must be time to ground the airline again.
The stress generated by the plunging share price and speculation over the future of at least one portion of the airline must meet the CEO defined level of stress that apparently led to the previous grounding.
The stress generated by the plunging share price and speculation over the future of at least one portion of the airline must meet the CEO defined level of stress that apparently led to the previous grounding.
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TG that makes a lot of sense and the best part is the bit about Joyce and Clifford being irrelevant.
Perhaps now is the right time for a peoples movement to start to try and stop any big payouts to these guys as the first step. It wouldn't be hard to justify given the performance to date.
There would be some justice in them going with bare entitlements and I dont mean bonuses of ANY description regardless of employment contracts.
Perhaps now is the right time for a peoples movement to start to try and stop any big payouts to these guys as the first step. It wouldn't be hard to justify given the performance to date.
There would be some justice in them going with bare entitlements and I dont mean bonuses of ANY description regardless of employment contracts.
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Righto enoughs enough.
Qantas have never had itso good. A easy integration with Australian Airlines. Handed the nations only real carrier when Ansett collapsed. Monopoly of business class. Prime position to pickup the FIFO work.
If the business, when faced with competition all of a sudden can't adapt (as it once did when Virgin entered and created Jetstar), then that's it's own fault.
As a tax payer I will not support propping up a business that is dying due to out dated practices and poor management. Already did it two years ago with the Qld floods due to bad management.
Get over it. Goodbye.
Qantas have never had itso good. A easy integration with Australian Airlines. Handed the nations only real carrier when Ansett collapsed. Monopoly of business class. Prime position to pickup the FIFO work.
If the business, when faced with competition all of a sudden can't adapt (as it once did when Virgin entered and created Jetstar), then that's it's own fault.
As a tax payer I will not support propping up a business that is dying due to out dated practices and poor management. Already did it two years ago with the Qld floods due to bad management.
Get over it. Goodbye.
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TG,
No disrespect to your friendship.......but I wouldn't trust any politician's word. I'm not trying to discredit them, but historically they're not doing too well on keeping their word ,& by the very nature of their job/environment, they have to keep re-defining their goals/plans.
No disrespect to your friendship.......but I wouldn't trust any politician's word. I'm not trying to discredit them, but historically they're not doing too well on keeping their word ,& by the very nature of their job/environment, they have to keep re-defining their goals/plans.
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@ohallen...
At the last AGM the remuneration packages were voted on,
30,000+ shareholders voted NO and 200 voted YES,
the motion was carried.
What makes you think that anything would have changed,
those 200 shareholders still own 86% of the stock.
At the last AGM the remuneration packages were voted on,
30,000+ shareholders voted NO and 200 voted YES,
the motion was carried.
What makes you think that anything would have changed,
those 200 shareholders still own 86% of the stock.
Last edited by UPPERLOBE; 14th Jun 2012 at 00:11.
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AJ and OW plus a few other key players were spotted getting on a flight to HKG yesterday..
Good to see they are hanging around when the Shyte is hitting the fan.
Maybe another announcement re Asian hub coming?
Good to see they are hanging around when the Shyte is hitting the fan.
Maybe another announcement re Asian hub coming?
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A good mate of mine, a very well know Opposition front bench bloke, said to me, the Govt and the Opposition are watching QF very closely. For a start nobody wants the National Carrier die on their watch, they fear retribution from the public, and my answer to that is, what are you blokes going to do about it? The last thing the incoming, in all probability, Liberal Govt want is QF to breath its last as they arrive, or even worse the Arabs turn up. So I said what about renationalisation, it would be considered he said, depending once more on voter behaviour, (it would appear it all depends on votes from either side, not surprisingly) but he does agree to let QF die would be catastrophic for the country, so some hope there. He refused to be drawn into his opinion of Joyce (wily bugger) but did offer that it would be good to get Borgetti back in the LH seat. Now make of this what you will, but I felt a little better, knowing both sides are anxious about the company, I mean who wants 35,000 people suddenly without a job? The backlash would be dreadful. From his conversation, I don't think QF is going to follow the path of TAA and Ansett, not at this stage anyway, I think a lot of money would be pumped in before that happened, despite of Joyce, Clifford et al, they mean little when it comes to votes apparently, they are disposable. Hope this brightens your day a little, it ain't over yet, not by a long shot.
There is no way that a Nat/Lib government would nationalise an airline; It's against their dna, and would alienate their constituency. Far more likely that QANTAS would be shrunk down, split up and sold off - If it came to that.
Last edited by psycho joe; 8th Jun 2012 at 00:29.
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Share price seldom has anything to do with the viability of a business, its more of a gauge of consumer / shareholder confidence. Read into that what you will.
A business can still turn a profit, that does not mean the business is reaching its full potential in the eyes of the shareholders, what are the institutional investors doing ?, that will sort the chaff from the hay.
A business can still turn a profit, that does not mean the business is reaching its full potential in the eyes of the shareholders, what are the institutional investors doing ?, that will sort the chaff from the hay.
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No way the government will bail it out if it gets in trouble, that would be electoral suicide in such tough times. My prediction is a gradual breakup over time to reduce the size of the workforce so that it can be operated at a small acceptable loss! Kind of like Air Van. Jetstar will probably get sold off as well as it will be exempt from the Qantas sale act.
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Who's buying?
US based The Capital Group has increased its holding in QAN to over 10%:
Announcements - Search results - Australian Securities Exchange - ASX
US based The Capital Group has increased its holding in QAN to over 10%:
Announcements - Search results - Australian Securities Exchange - ASX
In the last 12 months
$1,000 invested in Qantas is now worth $576
$1,000 invested in Virgin is now worth $1482
Hands up all those that bought or hold Qantas
$1,000 invested in Qantas is now worth $576
$1,000 invested in Virgin is now worth $1482
Hands up all those that bought or hold Qantas
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TG
Just an update on those numbers, I believe QF now only employ 30,000 as 6,000 soles have been disposed of under AJ, over the last few years.. 
I mean who wants 35,000 people suddenly without a job?
Last edited by Short_Circuit; 8th Jun 2012 at 01:28.
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As a tax payer I will not support propping up a business that is dying due to out dated practices and poor management