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MERGED: Alan's still not happy......

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MERGED: Alan's still not happy......

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Old 6th Apr 2014, 00:42
  #3781 (permalink)  
 
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Melbourne London rumoured to go to three a week shortly. By the look of the loads that they have had on this service im surprisd that it is even going to be three!
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Old 6th Apr 2014, 01:00
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Tim Clark is on record as having said he would like to see a 'round the world' 380 service.

Ek have recently announced that they will operate the 380 to KDFW this year. Even if QF had the initiative to take the 380 from SYD to DFW they don't have the aircraft.

Maybe by freeing a 380 from LHR they could go to DFW twice a week .

Sir Tim would probably like that.
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Old 6th Apr 2014, 01:03
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I believe TC said the pacific was the missing piece of the pie (for EK)
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Old 6th Apr 2014, 01:21
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I've heard that ASIC are investigating misleading statements etc... made by Qantas to shareholders around the time of the agm last year. Might explain the secretaries resignations.
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Old 6th Apr 2014, 03:10
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Befehl ist befehl....

Although I am a bit confused. ASIC and 'investigating' in the same sentence? If true (please!!) I hope it leads to something and if so, I would suspect the venerable Mr X may have had an influence.
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Old 6th Apr 2014, 05:36
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Sunfish's quote is on the mark. Seems somebody has been very naughty over at QF
It will be interesting to see what happens Monday morning when the Exchange opens? Otherwise just sit tight kiddies, all will come out in the wash this week. And besides, the little guy still has a few more 'fall guys' he can use if and when other shenanigans see the light of day.

Message to Alan - Your little empire is falling apart around your little ears. Not long to go now until your bags are packed for you
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Old 6th Apr 2014, 07:19
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Here is the link to the last AGM previously posted on here and banned on my YouTube channel. As time went by I can see why, LC seems way off track with his opening remarks in my view.

https://ia600508.us.archive.org/31/i...s.2013.agm.wmv


everything was fantastic until this all of a sudden..




.
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Old 6th Apr 2014, 07:26
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TIMA9X,

Re company secretary resignation.

Thanks for the link, I must have missed the announcement while doing other things.
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Old 6th Apr 2014, 08:53
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Sorry to interrupt the flow but how are things going with the threatened move on of 5000 jobs.
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Old 6th Apr 2014, 10:36
  #3790 (permalink)  
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I could be wrong, others closer to the scene can correct me, but I don't think there has been much move on the 5000 jobs. I think that was a number, thought up by Alan, that he thought was big enough to scare Tony into giving him money.
Unfortunately, for Alan, it didn't work. Tony stared him down.

It so sad it has come to all of this.
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Old 6th Apr 2014, 11:33
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Australian Womens T20

Greet to see Mel Lanning and her talented team defeat England in the T20 final - how sad to see the official portrait bookended by Emirates flight attendants ( or what they are now called)
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Old 6th Apr 2014, 23:45
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Franklin Resources now up to 18.66% of Qantas - announced this morning.

Something is going on there....
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Old 7th Apr 2014, 00:55
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Franklin Resources now up to 18.66% of Qantas - announced this morning.

Something is going on there....
For the record

Qantas Airways's largest shareholder, Balanced Equity Management, has boosted its stake by 0.5 per cent to 9.9 per cent since mid-March.
The Melbourne-based fund is part of the Franklin Resources group of funds, which now owns a combined 18.66 per cent of the airline - up from 17.48 per cent since mid-March - but consists of fund managers that vote separately.


Qantas's share price traded in the range of $1.03 and $1.08 during the time that Balanced Equity Management purchased shares. The fund, headed by Andrew Sisson, sold a small portion of its holding on April 1 for $1.11 a share.
Qantas shares closed at $1.14 on Friday.


The airline has not announced any update on its structural review - which could include the sale of a minority stake of its frequent flyer program - since it released its half-year results on February 27.


Qantas has been continuing work to turn around its ailing international business, which last week celebrated the first anniversary of its alliance with Emirates and opened a new lounge in Hong Kong.
my bold
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Old 7th Apr 2014, 01:46
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Great video of the restored Super Conny that was the mainstay of QANTAS back in the days when Pilots and Engineers ran Qantas with the assistance of some accounting and legal administrative staff.
Something along the lines of the inmates taking over the asylum springs to mind whereby the bean counters and other empty vessels pay themselves obscene salaries whilst at the same time performing miserably at their tasks.
The disenfranchisement of the ordinary shareholder is a disgrace leading to a situation where failure is rewarded because the institutional shareholders make the plays and they are in turn controlled by the same board level connections that are perpetuating the farce.
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Old 7th Apr 2014, 02:02
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Franklin Resources now up to 18.66% of Qantas - announced this morning.
Considering they held 10.91% in August last year and the "shenanigans" since, I expect that there IS something afoot.
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Old 7th Apr 2014, 02:42
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I thought I'd read that there was a provision in the Corporations Act that once you go over 20% you have to mount a takeover?

Absolutely not sure though.

Last edited by Comoman; 7th Apr 2014 at 02:43. Reason: Typo
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Old 7th Apr 2014, 03:04
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I thought I'd read that there was a provision in the Corporations Act that once you go over 20% you have to mount a takeover?
No, once you are over 20% you can only increase your shareholding by 3% each months without launching a formal takeover. This is the same method that SQ,NZ and EY are currently increasing their holdings in VAH without a takeover though at some point they will do this so they can delist and achieve the savings that will flow from that.
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Old 7th Apr 2014, 03:15
  #3798 (permalink)  
 
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Ah OK - thanks for the correction.
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Old 7th Apr 2014, 04:19
  #3799 (permalink)  
 
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Do the words INSIDER TRADING mean anything.
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Old 7th Apr 2014, 04:56
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Perhaps also the issues of continuous disclosure obligations and the briefings that Qantas conduct should also be scrutinised PLUS the meetings held to support the view that AJ has the full support of major shareholders.
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