Qantas Ripe for Takeover
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Qantas Ripe for Takeover
Sinking share price leaves carrier ripe for a takeover
About $20 million a day. This is the price that Alan Joyce (was) willing to strip from Qantas and its shareholders to beat the unions into submission....
Joyce and the Qantas board decided to make industrial relations the weapon to cut costs and maintain margins and yields. In doing so they have driven the share price into the ground, making it a sitting duck for a takeover.
Sinking share price leaves carrier ripe for a takeover - National News - National - General - Newcastle Herald
About $20 million a day. This is the price that Alan Joyce (was) willing to strip from Qantas and its shareholders to beat the unions into submission....
Joyce and the Qantas board decided to make industrial relations the weapon to cut costs and maintain margins and yields. In doing so they have driven the share price into the ground, making it a sitting duck for a takeover.
Sinking share price leaves carrier ripe for a takeover - National News - National - General - Newcastle Herald
Order Estimate
Security QANTAS AIRWAYS FPO
Order Style Default Expiry
Quantity 1000000
Indicative Price $1.000
SubTotal $1000000.000
Brokerage & Costs Incl GST $1199.000
Stamp Duty $0.000
Indicative Total $1001199.000
Security QANTAS AIRWAYS FPO
Order Style Default Expiry
Quantity 1000000
Indicative Price $1.000
SubTotal $1000000.000
Brokerage & Costs Incl GST $1199.000
Stamp Duty $0.000
Indicative Total $1001199.000
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Business Spectator agrees Watty.
Deal-starved private equity operators and investment banks might think this morning about putting Qantas Airways high on their agenda. If, after 21 days of negotiations and a possible arbitration hearing, Qantas can’t obtain a deal with its workforce that enables it to be competitive then maybe it's time for another group to operate the airline.
After all, Qantas directors in 2007 recommended a $5.60 bid from a private equity group, but it was narrowly rejected by shareholders. The bid was highly leveraged and the subsequent global financial crisis might have seen a private equity-owned Qantas go under. But the shares closed on Friday at $1.54, 62 per cent down from the offer price in 2007.
After all, Qantas directors in 2007 recommended a $5.60 bid from a private equity group, but it was narrowly rejected by shareholders. The bid was highly leveraged and the subsequent global financial crisis might have seen a private equity-owned Qantas go under. But the shares closed on Friday at $1.54, 62 per cent down from the offer price in 2007.
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Any private equity firms are going to go in with high debt and hack it to bits to get those debt levels down. Anyone on here working for Qantas who thinks a takeover would be good for employees, should maybe look at the history of private equity takeovers.
Unless in an airline environment they are linked with an employee buyout which in itself is also mired in problems.
Unless in an airline environment they are linked with an employee buyout which in itself is also mired in problems.
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I don't think this is due to a takeover bid.
People are buying because they know there will be no more disruptions and the there's little the unions can do from this point on.
So in their minds the share price can only go up even though the company is dead.
People are buying because they know there will be no more disruptions and the there's little the unions can do from this point on.
So in their minds the share price can only go up even though the company is dead.
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Slipped back slightly to +3.88%, still a lot more buyers than sellers though!
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People are buying because they know there will be no more disruptions and the there's little the unions can do from this point on.
Ha Ha Ha
Are you really so naive to believe this?
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At the current share price, the value of the company is less than their cash reserves of $3.5billion.
Watch out for the syndicate of Geoff Dixon and John Singleton. They're Australian, they have the money and can buy the company, delist it and then break it apart as they wish. FWA or no FWA. Government or no government. Unions or no unions.
The sale would have gone ahead in 2007 if not for a late submission by a US basd investment mogul.
The game isn't over yet. This is the first 1/4.
Watch out for the syndicate of Geoff Dixon and John Singleton. They're Australian, they have the money and can buy the company, delist it and then break it apart as they wish. FWA or no FWA. Government or no government. Unions or no unions.
The sale would have gone ahead in 2007 if not for a late submission by a US basd investment mogul.
The game isn't over yet. This is the first 1/4.
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I have a bridge I'd like to sell you, NewPiper.
Regularly painted, accompanied by profitable bridge-climbing business. I will offer it to you exclusively for a bargain basement price......
Regularly painted, accompanied by profitable bridge-climbing business. I will offer it to you exclusively for a bargain basement price......
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Equities have much better targets than Q at the moment - however probability rises slightly with lowering of interest rates, but..........the risk matrix associated with Q makes a number of otherwise potentials happy to adopt the "we'll wait on the sideline bench" approach.
The 5 major shareholders are staying in only because they are well past point of safe return. Way too early in the game for a serious run.
AT
The 5 major shareholders are staying in only because they are well past point of safe return. Way too early in the game for a serious run.
AT
The 5 major shareholders are staying in only because they are well past point of safe return.
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Wrong Newpiper. The action over the weekend has only highlighted what the sale act intent was legislated to protect. Australia's economic and strategic interests. You can't have a rogue board in charge of an entity such as the national flag carrier enforcing their will in the guise of market forces without due regard for the national interests. Disrupting the mining, tourism and general business sectors is one thing but to interrupt the functioning of the economy with reckless abandon for days is not in the national interests. I am damn sure that the people at the Dept. of Defense are reassessing some of their own strategic contingency plans in light of this. Imagine if there had been a national or international emergency of grave proportions without the necessary assets available at short notice? i know emergency powers could be invoked but the overall reliance on Qantas' capability will now be questioned. The airline has always been an integral part of Australia's strategic capability. Virgin is not up to that task. How many engineers, pilots and operational back ground staff have had previous and or current military careers including current reservists. Read some history. There are reasons far beyond a share price for how and why Qantas and its strategic capability must be protected.