Alliance Airlines in Trading Halt!!!!!
Alliance Airlines in Trading Halt!!!!!
So does that mean that the two Alliance aircraft I saw flying out of BNE today were not trading? What, then, free joyrides?
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share trading halts usually occur before a company releases information to the market that could cause a significant movement in its share price.
Could be good, could be bad..
Could be good, could be bad..
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noclue,
Well named, you don't have a clue.
Right now, Qantas is sitting on just over AUD$3 billion --- you obviously don't read more than the headlines in their financial statements.
Tootle pip!!
Well named, you don't have a clue.
Right now, Qantas is sitting on just over AUD$3 billion --- you obviously don't read more than the headlines in their financial statements.
Tootle pip!!
That has to keep the airline(s) running while AJ+co try to convince the gov to do something doesn't it?
What happens if the gov does nothing?
Whats the "backup plan" then?
QF hasn't got any cash -> they can afford to spend
What happens if the gov does nothing?
Whats the "backup plan" then?
QF hasn't got any cash -> they can afford to spend
Given they have specifically referred to their half-year accounts, it may be that they are in dispute with their auditors who are threatening to qualify the accounts in some way. If this is the case the company has no choice but to suspend the stock until the issue is clarified one way or the other and a clear statement can be made to the market.
$3B in liquidity is not just sitting in the bank account waiting to be spent. It includes cash received for which services have yet to be delivered, undrawn credit facilities even though the funds are committed to capex etc. It is likely that this figure will be substantially reduced by the change in credit rating which means the $600M of credit card payments Qantas receives in advance of the flight being taken will now only be released when the flight is taken just like most other airlines.
$3B in liquidity is not just sitting in the bank account waiting to be spent. It includes cash received for which services have yet to be delivered, undrawn credit facilities even though the funds are committed to capex etc. It is likely that this figure will be substantially reduced by the change in credit rating which means the $600M of credit card payments Qantas receives in advance of the flight being taken will now only be released when the flight is taken just like most other airlines.
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LeadSled,
Noclue appears to have more clue than you.
When Moody's downgraded QAN it was because "''As a consequence, we expect these conditions to exacerbate an already high financial leverage....."
ie they believe QF is going to have trouble paying its bills. Not just the future jet purchases but other commitments. The $3B is not cash they have sitting spare, it is already (under)balanced against their liabilities.
Noclue appears to have more clue than you.
When Moody's downgraded QAN it was because "''As a consequence, we expect these conditions to exacerbate an already high financial leverage....."
ie they believe QF is going to have trouble paying its bills. Not just the future jet purchases but other commitments. The $3B is not cash they have sitting spare, it is already (under)balanced against their liabilities.
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Oh, you mean those same standards that allowed OneTel and HIH to collapse?
I'm quite happy with the ASX's rules for continuous disclosure Leadsled. I'm also quite happy interpreting the real intent of statements made. My BEc may be very old, but it still comes in handy occasionally.
By the way, the Middle East may be sowly taking over the world, but it's still the ASX, not the ASE. (Amman Stock Exchange.)
For the time being anyway.....
I'm quite happy with the ASX's rules for continuous disclosure Leadsled. I'm also quite happy interpreting the real intent of statements made. My BEc may be very old, but it still comes in handy occasionally.
By the way, the Middle East may be sowly taking over the world, but it's still the ASX, not the ASE. (Amman Stock Exchange.)
For the time being anyway.....
Last edited by ramius315; 16th Feb 2014 at 11:58. Reason: Capitalization
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Man, I wish I understood how this stuff works!
3bn? Is that the same 3bn that is stopping fleet and lounge upgrades? Or is it that awful 3bn that that keeps AJ in Canberra crying poor? Maybe it's the same dreadful 3bn sum that has stopped a dividend being payed to loyal shareholders? Maybe all the evil money, all 3bn is to blame for outsourcing and retrenchments?
200m loss, blame the 3bn!!
Man, having 3bn sure does blow!!
Bbbzbzbzbzbzbzbzbzb$$$$$$$bbbzzzzzzzzz
3bn? Is that the same 3bn that is stopping fleet and lounge upgrades? Or is it that awful 3bn that that keeps AJ in Canberra crying poor? Maybe it's the same dreadful 3bn sum that has stopped a dividend being payed to loyal shareholders? Maybe all the evil money, all 3bn is to blame for outsourcing and retrenchments?
200m loss, blame the 3bn!!
Man, having 3bn sure does blow!!
Bbbzbzbzbzbzbzbzbzb$$$$$$$bbbzzzzzzzzz