Closed at $1.79 last night.
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Shoot the messenger
That would be in bad form, wouldn't it? :{
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David Hunt of Adest who has been described by the Australian Financial Review as the bell ringer is now calling for QF to fall to 69c per share. He says the institutions are deserting QF. There goes da little fellahs bonus structure out the door, such a shame. |
co-spy:
bad news there as the Orange Emperor has already secured his $11m 'performance/retention' bonus. 'Team Clifford' must be starting to sweat a little :E PS - Loose Bruce pls note: as you have trouble with simple maths: pls note that the 11mill is not calculated in NZ dollars either!!!! |
Just hit $1.64, that 50 cents, or about 25% of the share price in about a month, wow.
PIA is working. |
Share Market Rout
The fall in the QF share price is a function of both a sharemarket rout and the perceived failure of Qantas Managment strategies.The fact that that no dividend has been forthcoming or is likely to materialize also marks the stock down.I bought on the bounce from $1.80 and sold at $2.00.I will not be touching this stock again.Cash is now king at 6.54% with some financial institutions.Head down...stay down
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Currently quoting $1.66, down 4.86% on opening.
There goes another hit to my Super! :{ Nope, GFC 2 is looming. Cash and gold are king! I would have thought the smart money would be on airline consolidation, improved service levels and smart marketing in a tightening market, rather than some half @rsed idea to create a new off shore venture in a market already dominated by Cathay and the Chinese operators? Protect your own house before you covert your neighbour's house! := |
Time for the double dip recession, unfortunately its not only Qantas, Virgin shares are taking a hiding today as well, last i saw down around 9%. This is a great excuse for QF execs to blame anyone but themselves for what is happening to the company. Expanding in Hong Kong...you have to be kidding me :ugh:. Cloud Cookoo land anyone?
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smart money would be on airline consolidation, improved service levels and smart marketing International Consolidated Airlines Group (BA+Iberia) has just reported an operating profit of EUR32 million (1HY2010: EUR-309 million) and profit after tax of EUR71 million. IAG’s result is the strongest of Europe’s “big three” network carriers, which also includes AF/KLM & LH. Strong revenue gains, particularly in the long-haul premium segment, and prudent cost control measures, drove earnings in the period, and were strong enough to counter the spike in fuel costs. |
Qantas Now Super Cheap
Today 8th August 2011 Qantas Share price $1.62
Some hedge fund,some group,some company somewhere is going to pounce and probably before the 24th of August |
8th Aug 2011 14:05 packrat Qantas Now Super Cheap Today 8th August 2011 Qantas Share price $1.62 Some hedge fund,some group,some company somewhere is going to pounce and probably before the 24th of August Qantas is still one of the world's most consistently profitable international airlines and I dont think for one minute the buyers have gone away. Word recetly was that Dixon was cashed up and ready. All really starting to become crystal clear:mad: |
A new record, $1.595.
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Yes Tosser, last QAN sale $1.595, down 5.62% on the day. 18,839,821 shares traded - someone is buying?
Virgin last sale $0.250, down 1.96% on the day. Surprisingly 11,826,912 shares traded. I haven't checked but isn't QAN's market capitalisation getting very close to their total net cash reserves? If correct, Qantas is becoming an asset stripper's wet dream! |
Sell J*, flog the rest off, pocket the cash.
Why hasn't it happened yet?:confused: Apart from the bit about J*'s books not being in order, that is. |
I wonder what the spares inventory is worth :E
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I guess QF is just one of many under priced company's of which all the other ones aren't airlines. I suspect the players have are a bit spoilt for choice and there maybe limited Capital available at the moment. Having said that, it would appear to be only a matter of time.
KN |
Keith,
Look at how much QAN is losing daily, in terms of %, generally speaking it is a greater % than its competitors and other australian industry heavy weights, PIA is working. |
Shed Dog Tosser.
The QF low was on 3/3/09 when the shares traded at $1.38 Currently sellers out number buyers by 4 to 1 so there is little interest in the stock at present. The stock will drop below $1.50 today. |
Opened at $1.49!
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That was the offer. Last trade $1.505, down 5.96%
Virgin are down 8% at $0.23 last sale. |
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