Gregg, Dixon, Carnegie, Singo make a play on QF
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Why we must all put Harvey Norman out of business. Please DO NOT shop at Harvey Norman. He wants to give your jobs to foreign workers. You have been warned. PLEASE SHARE Billionaire plea for cheap labour | News.com.au
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You heard it on RANsquawk via ZH first:
News Headline Summary
Gerry Harvey says has bought passive shareholding in Qantas (QAN AT)
Update details: - Aussie press reported most recently that retail king Gerry Harvey and his wife Katie Page have emerged as surprise investors in a private trust controlled by a group of wealthy investors that has purchased a small stake in Qantas with a view to pushing for strategic change at the airline.
- It is understood Mr Harvey and Ms Page have joined former Qantas chief Geoff Dixon, former CFO Peter Gregg, venture capitalist Mark Carnegie and adman John Singleton in buying a stake of less than 2 per cent in Qantas well before it secured a joint venture with Emirates in September.
Print 03:09 - Asian News - Source: Newswires/The Australian
Gerry Harvey says has bought passive shareholding in Qantas (QAN AT)
Update details: - Aussie press reported most recently that retail king Gerry Harvey and his wife Katie Page have emerged as surprise investors in a private trust controlled by a group of wealthy investors that has purchased a small stake in Qantas with a view to pushing for strategic change at the airline.
- It is understood Mr Harvey and Ms Page have joined former Qantas chief Geoff Dixon, former CFO Peter Gregg, venture capitalist Mark Carnegie and adman John Singleton in buying a stake of less than 2 per cent in Qantas well before it secured a joint venture with Emirates in September.
Print 03:09 - Asian News - Source: Newswires/The Australian
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1a sound asleep, here here! Harvey has always been a tosspot.
Remember him crying about the fact he had to put in money out of his own pocket to host the Gold Coast Magic Millions?
Remember how he cried because people are shopping online rather than buying his overpriced cheap imported crap?
What's next, crying because people won't buy tickets on his new airline? (should that occur).
Maybe he will start fitting out the old prehistoric 767's with some of his cheap import furniture?
Nothing worse than watching a billionaire cry over money. Never mind, perhaps the next GFC will see him lose the lot?
Here's to hoping
Remember him crying about the fact he had to put in money out of his own pocket to host the Gold Coast Magic Millions?
Remember how he cried because people are shopping online rather than buying his overpriced cheap imported crap?
What's next, crying because people won't buy tickets on his new airline? (should that occur).
Maybe he will start fitting out the old prehistoric 767's with some of his cheap import furniture?
Nothing worse than watching a billionaire cry over money. Never mind, perhaps the next GFC will see him lose the lot?
Here's to hoping
Qantas Cuts Ties with Tourism Australia
Cookies must be enabled. | The Australian
It just gets worse and worse.
If only someone would step in, take the ball away from the squabbling children and give it to someone who cares about the ball?! Give the ball to someone who cares about the game for the sake of the game, not just what can be sucked out of the game for personal gain!
It just gets worse and worse.
If only someone would step in, take the ball away from the squabbling children and give it to someone who cares about the ball?! Give the ball to someone who cares about the game for the sake of the game, not just what can be sucked out of the game for personal gain!
Last edited by Ushuaia; 27th Nov 2012 at 14:08.
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This Tourism Australia issue highlights yet again the personal conflict that GD has with his fiduciary role as chairman and his personal life. Wonder if the Board and Govt will show him the same level of tolerance as the Qantas Board did a few years ago.
The pressure is mounting on all players, so lets see who can take the heat with this destructive infighting as they all seek to rape and pillage.
The pressure is mounting on all players, so lets see who can take the heat with this destructive infighting as they all seek to rape and pillage.
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If DJ was to jump on board, it would take a huge leap of faith from JB to team up with GD given the history and obvious differences in "style" let alone ethics.
But if GD was booted from TA, then that would be another story.
But if GD was booted from TA, then that would be another story.
Tourism Australia is the Australian Government agency responsible for attracting international visitors to Australia and encouraging Australians to travel domestically, both for leisure and business events. The organisation is active in around 30 key markets and activities include advertising, PR and media programs, trade shows and industry programs, consumer promotions, online communications and consumer research.
Nunc est bibendum
If only someone would step in, take the ball away from the squabbling children ...
Dixon has to go and probably will go today.
When Dixon left, he would have had a perfect snapshot of the Qantas management accounts, as would Gregg.
It would be a relatively simple matter for either of them to update them continuously because they know exactly how the reported metrics relate to the underlying management accounts.
They would therefore have a much better and more accurate understanding of the actual value in Qantas than any share market analyst could possibly have.
It is quite obvious what has triggered their move - the Emirates tie up. Timmy will suck the life out of Qantas instead of Dixon Gregg and Carnegie.
My guess that the current noise may be more about ramping up the share price so that they can make a profit when they sell out.
When Dixon left, he would have had a perfect snapshot of the Qantas management accounts, as would Gregg.
It would be a relatively simple matter for either of them to update them continuously because they know exactly how the reported metrics relate to the underlying management accounts.
They would therefore have a much better and more accurate understanding of the actual value in Qantas than any share market analyst could possibly have.
It is quite obvious what has triggered their move - the Emirates tie up. Timmy will suck the life out of Qantas instead of Dixon Gregg and Carnegie.
My guess that the current noise may be more about ramping up the share price so that they can make a profit when they sell out.
Qantas cuts ties with Tourism Australia - ABC Australia Link
The Irish Twit has had a dummy spit with old Dear Leader Dixie
The deepening ill feeling between current Qantas management and former chief executive Geoff Dixon has resulted in the airline severing a 40-year partnership with Tourism Australia.
Qantas this morning confirmed it had "suspended any future dealings" with Australia's official tourism agency, saying: "Qantas cannot continue to collaborate with an agency whose chairman is a member of a syndicate committed to unravelling Qantas's structure and direction." more in link above.....
The Irish Twit has had a dummy spit with old Dear Leader Dixie
The deepening ill feeling between current Qantas management and former chief executive Geoff Dixon has resulted in the airline severing a 40-year partnership with Tourism Australia.
Qantas this morning confirmed it had "suspended any future dealings" with Australia's official tourism agency, saying: "Qantas cannot continue to collaborate with an agency whose chairman is a member of a syndicate committed to unravelling Qantas's structure and direction." more in link above.....
Last edited by Ejector; 27th Nov 2012 at 23:49.
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Now do you guys get an inkling of the importance of Qantas to the economy and why it should never have been privatized?
You haven't got a clue as to what you are talking about.
I worked for Qantas when it was owned by the government and while it was a warm and fuzzy place to work, the government took all the profits and the airline was starved for capital, year after year after year. No money to buy aircraft (all fancy leases) no money to buy ground equipment, no money to maintain ground equipment above the minimum, no money to paint the offices, no money to repair/replace threadbare carpets, direct government interference in industrial relations.
People might think it was bad under Strong/Dixon/Joyce. It was ten times worse when the government owned it. My guess is that about half of those who are currently employed in the group wouldn't have a job to go to if the government still owned Qantas.
Who could forget Sir Roland Wilson or Sir Lennox Hewitt as Chairman of the Qantas Board. Who could forget the various government cronies who were appointed to the board at separate times. Who could forget having to fly to Damascus and Belgrade as part of government policy with very few passengers, if any. Who could forget Qantas not being allowed to fly to South Africa as part of the opposition to apartheid campaign, but flying to Harare where all the passengers would get off the Qantas aircraft and get straight on to a South African Airways aircraft bound for Johannesburg. As part of government policy Qantas was denied profits on the most lucrative route in the world while SAA made a killing.
Those rose coloured glasses need cleaning I'm afraid.
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clotted.
You make the same mistake about Qantas history that many QF leaders who came after privatisation made. You assume that you could measure the success of Qantas by its annual dividend. In fact like BOAC/BA and many others that we now call legacy airlines, the Qantas owner (Fed Govt) used it for many results other than profit. These include but are not limited too, Foreign Policy and flag waving, Defence transport, Defence maintenance, apprentice training, other training, susidised exports and the list goes on.
As far as ports such as Damascus and Belgrade, they are examples of 2 different animals. From memory Damascus was due to overflight rights. I can remember ar least once landing there,taxiing to the end and taking off, just to satisfy those requirements.I suspect Belgrade falls under the flag waving category but I also remember some pretty good loads in the right season.It was also coupled with Athens, so a typical multi sector pickup that was common in those days
The real problem now if we loose Qantas as an Australian owned and based airline, is what happens when times get bad. An Austrlalian airline will always fly to Australia even if there is no profit in it for a time. It has to, its based there.That is not the case if the operator is say, based in the ME. An Australian airline is always available for emergencies in Australia or under the direction of an Australian Government, a foreign base airline is not.And the list goes on.I suspect that at least some of the "heavy lift" capacity of the RAAF is a direct result of the loss of QF as a Government enterprise. That surely is a cost to the Nation that would not have returned a QF profit but would have reduced expenditure to the earlier owner the Fed Govt.
The loss of something as big as Qantas must have a huge knock on to employment, taxation and foreign exchange.I agree with Sunny it is too big to let go for many reasons, profit only being one of them and yes I also query the wisdom of privatising it as the end result was obvious.I also query the wisdom of privatising airports on the same grounds.There are enterprises that are better off in private hands and those that are better off in Government hands.That is becoming more obvious by the month as we look back as those enterprises that used to serve the Nation well and now only serve the owners.
Wunwing
You make the same mistake about Qantas history that many QF leaders who came after privatisation made. You assume that you could measure the success of Qantas by its annual dividend. In fact like BOAC/BA and many others that we now call legacy airlines, the Qantas owner (Fed Govt) used it for many results other than profit. These include but are not limited too, Foreign Policy and flag waving, Defence transport, Defence maintenance, apprentice training, other training, susidised exports and the list goes on.
As far as ports such as Damascus and Belgrade, they are examples of 2 different animals. From memory Damascus was due to overflight rights. I can remember ar least once landing there,taxiing to the end and taking off, just to satisfy those requirements.I suspect Belgrade falls under the flag waving category but I also remember some pretty good loads in the right season.It was also coupled with Athens, so a typical multi sector pickup that was common in those days
The real problem now if we loose Qantas as an Australian owned and based airline, is what happens when times get bad. An Austrlalian airline will always fly to Australia even if there is no profit in it for a time. It has to, its based there.That is not the case if the operator is say, based in the ME. An Australian airline is always available for emergencies in Australia or under the direction of an Australian Government, a foreign base airline is not.And the list goes on.I suspect that at least some of the "heavy lift" capacity of the RAAF is a direct result of the loss of QF as a Government enterprise. That surely is a cost to the Nation that would not have returned a QF profit but would have reduced expenditure to the earlier owner the Fed Govt.
The loss of something as big as Qantas must have a huge knock on to employment, taxation and foreign exchange.I agree with Sunny it is too big to let go for many reasons, profit only being one of them and yes I also query the wisdom of privatising it as the end result was obvious.I also query the wisdom of privatising airports on the same grounds.There are enterprises that are better off in private hands and those that are better off in Government hands.That is becoming more obvious by the month as we look back as those enterprises that used to serve the Nation well and now only serve the owners.
Wunwing
Last edited by Wunwing; 28th Nov 2012 at 01:25.
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Again, another dummy spit by Joyce and yet another over reaction and escalation of a situation that if handled by any other rational person would have been dealt with with a little bit more maturity.
Australia had a gut full of Joyce's tantrums last year, are these pathetic dummy spits going to be a yearly event???
Alan, you have in the last twelve to eighteen months put offside the Government, the traveling Australian public and Qantas employees. Now the institutional share holders are getting tired of your non performances. You are making Dixon and friends look like an attractive alternative. Hell, i'm even thinking I'd prefer Dixon back! Anything unfortunately must be a better alternative than Joyce who has done nothing but basically end the careers and future of both it's staff and Qantas Longhaul operations, next will be the destruction of short haul. I'm not delusional enough to believe Dixon and co will be our Knights in shining armour, but any alternative is better at this point than what we have at the present.
It's time for Joyce to buy that one way ticket back to ireland.........
Australia had a gut full of Joyce's tantrums last year, are these pathetic dummy spits going to be a yearly event???
Alan, you have in the last twelve to eighteen months put offside the Government, the traveling Australian public and Qantas employees. Now the institutional share holders are getting tired of your non performances. You are making Dixon and friends look like an attractive alternative. Hell, i'm even thinking I'd prefer Dixon back!
Anything unfortunately must be a better alternative than Joyce who has done nothing but basically end the careers and future of both it's staff and Qantas Longhaul operations, next will be the destruction of short haul. I'm not delusional enough to believe Dixon and co will be our Knights in shining armour, but any alternative is better at this point than what we have at the present. It's time for Joyce to buy that one way ticket back to ireland.........
Seems like Joyce is saying; "If you try and get me fired, I'll try and get you fired!"
By telling Tourism Australia that their chairman has a conflict of interest and then withdrawing from a massive ($44 million) funding commitment to Tourism Australia surely puts some heat on Dixon's new job.
By telling Tourism Australia that their chairman has a conflict of interest and then withdrawing from a massive ($44 million) funding commitment to Tourism Australia surely puts some heat on Dixon's new job.
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Dixon Doesnt Care
Dixon is cashed up and 70 yrs old.
Does he really care about being booted from Tourism Australia.?
If he does all it means is he has to pay for his own airline tickets.
The guy is worth about $20 million bucks courtesy of Qantas remuneration
Does he really care about being booted from Tourism Australia.?
If he does all it means is he has to pay for his own airline tickets.
The guy is worth about $20 million bucks courtesy of Qantas remuneration
Last edited by Ka.Boom; 28th Nov 2012 at 02:15.
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One has to wonder whether the actions of Dixon & Singo where their to bait & agitate Joyce.
End result, Joyce pulls the plug on the $44M funding commitment with Tourism Australia.
Demonstrating if Joyce doesn't get his way he's prepared to:
1. Lockout employees
2. Damage the economy
3. Suspend co-operative deals with government bodies
4. Disrupt passengers.
In my estimates Dixon's rat cunning & one has to wonder how much lobbying's been done with Martin Ferguson & Institutional Investors prior to recent events.
It'll be interested to see who's the last man standing.
End result, Joyce pulls the plug on the $44M funding commitment with Tourism Australia.
Demonstrating if Joyce doesn't get his way he's prepared to:
1. Lockout employees
2. Damage the economy
3. Suspend co-operative deals with government bodies
4. Disrupt passengers.
In my estimates Dixon's rat cunning & one has to wonder how much lobbying's been done with Martin Ferguson & Institutional Investors prior to recent events.
It'll be interested to see who's the last man standing.
Last edited by Mstr Caution; 28th Nov 2012 at 02:33.