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You go and catch that falling knife packrat. If I was silly enough to have any I'd sell them to you. Just remember the bottom could theoretically be 0.00 and I'm sure it will look "cheap" many times along the way. Don't think it could happen?? - nor did many of those Wall St types in 2008.
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Buying When the Price is Falling
I bought back into the market in March 2009 and was able to buy the misses a new car for cash with the proceeds after the market improved.
QF shares rallied a little today.Lets wait and see.As I said if it plumbs below 1.80 and approaches 1.75 for me its buy.When the long end game becomes apparent then the herd mentality will come into play and push the price up.I only invest in this type of stock an amount I can afford to lose.My margin of safety if you will. A while back QF shares were 1.88....I bought.When they hit 2.28 I bailed |
You guys don't seem to make much sense... You all seem to agree another buy-out is on the horizon and in the next breath you are saying "sell" or "I'm glad I don't have any shares".
If you were really serious you would be accumulating as many shares as possible... Once this "buy-out" you promise hits the newspapers the share price will double and you'll all be able to retire to your own private islands. |
Monitor Qantas Share Movements
Now is a good time to monitor QF share movements.
Watch who is selling and who is buying |
I don't see a buy out - I see an uncompetitive company being poorly run by fools. The damage being done is approaching irreversible in my opinion. Qantas is getting slaughtered by the competition - in print and in fact.
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crisis = opportunity
crisis = opportunity - only now the spruiker has become the suspect.
Joyce's performance at IATA was a shocker - his body language alone made him look 3 feet shorter than most of us see him! Close today at 1.93 again showing that the QF loss outstripped the average. Oh and BTW... on which brand's seat does Joyce stick his bum for these little escapades ........ hint: it's not the Oranage Cancer AJ -even adjusting for the market sell down the share price is below the intial offer - the greater proportion of the cause lies at the feet of Dixon, Joyce and the reserve grade has-been Management. Todays loss was expedited by the mindless inane comments at IATA by Joyce. Cue the institutionals - my super doesn't need another hit. His crisis may well become the opportunity that QF needs AT PS: Q Board: Do not even think about his bonus or any sympathy cheques like those given to junkyard dog Dixon. |
Accounting scandals Accounting scandals, or corporate accounting scandals, are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets or underreporting the existence of liabilities, sometimes with the cooperation of officials in other corporations or affiliates. In public companies, this type of "creative accounting" can amount to fraud and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States. Scandals are often only the 'tip of the iceberg'. They represent the visible catastrophic failures. Note that much abuse can be completely legal or quasi legal. For example, in the domain of privatization and takeovers*: It is fairly easy for a top executive to reduce the price of his/her company's stock - due to information asymmetry. The executive can accelerate accounting of expected expenses, delay accounting of expected revenue, engage in off balance sheet transactions to make the company's profitability appear temporarily poorer, or simply promote and report severely conservative (eg. pessimistic) estimates of future earnings. Such seemingly adverse earnings news will be likely to (at least temporarily) reduce share price. (This is again due to information asymmetries since it is more common for top executives to do everything they can to window dress their company's earnings forecasts). There are typically very few legal risks to being 'too conservative' in one's accounting and earnings estimates. A reduced share price makes a company an easier takeover target. When the company gets bought out (or taken private) - at a dramatically lower price - the takeover artist gains a windfall from the former top executive's actions to surreptitiously reduce share price. This can represent tens of billions of dollars (questionably) transferred from previous shareholders to the takeover artist. The former top executive is then rewarded with a golden handshake for presiding over the firesale that can sometimes be in the hundreds of millions of dollars for one or two years of work. (This is nevertheless an excellent bargain for the takeover artist, who will tend to benefit from developing a reputation of being very generous to parting top executives). Similar issues occur when a publicly held asset or non-profit organization undergoes privatization. Top executives often reap tremendous monetary benefits when a government owned or non-profit entity is sold to private hands. Just as in the example above, they can facilitate this process by making the entity appear to be in financial crisis - this reduces the sale price (to the profit of the purchaser), and makes non-profits and governments more likely to sell. It can also contribute to a public perception that private entities are more efficiently run reinforcing the political will to sell off public assets. Again, due to asymmetric information, policy makers and the general public see a government owned firm that was a financial 'disaster' - miraculously turned around by the private sector (and typically resold) within a few years. either the guy is stupid or the guy is stupid - Dixon tried it... His little apprentice is trying to - the timing however is terrible - liquidity in the market and free cash lying around isn't great. So if it isn't a takeover, driving into the ground or just a vendetta he has - I he is serious about his job WTF is he doing... In a year or so if someone hasn't bought it I will be very surprised - if this is something else I'm lost... |
I don't see a buy out - I see an uncompetitive company being poorly run by fools. |
Ouch!That hurts.
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This corporate genocide is becoming very concerning...
As a QF shareholder and long serving employee, I DEMAND the resignation of the current CEO, CHAIRMAN and board of Qantas Airways LTD for gross misconduct and extreme negligence in their duty to the airline. I might be dreaming that this would ever happen, and I am only 1 person..... but if 33000 of us that ARE Qantas made the same demand, would the investors and markets take any notice or is it a case of just sit back and hang the F**k on??? Dont expect the Gillard government to help... they are busy ruining the country at a higher level. Is a mutiny from within possible???? A public vote of no confidence??? |
This corporate genocide is becoming very concerning... As a QF shareholder and long serving employee, I DEMAND the resignation of the current CEO, CHAIRMAN and board of Qantas Airways LTD for gross misconduct and extreme negligence in their duty to the airline. I might be dreaming that this would ever happen, and I am only 1 person..... but if 33000 of us that ARE Qantas made the same demand, would the investors and markets take any notice or is it a case of just sit back and hang the F**k on??? Dont expect the Gillard government to help... they are busy ruining the country at a higher level. Is a mutiny from within possible???? A public vote of no confidence??? If you dont own QFA shares go buy 10 and then lets get a few thousand to attend the next AGM and create enough demand to demand a new CEO and/or board |
Neither AJ nor the Chairman should be regarded as a fool. They have a strategy that is supported by the Board. They will survive.
Vale Qantas! |
1a sound asleep.
The minimum share purchase transaction is usually a parcel with a value of $500. BTW at 10:10am QF are trading at $1.90. 5 Research Companies I follow report the following for QF: Coverage ceased Coverage ceased Avoid Sell Sell Coverage ceased is a polite way of saying we have lost interest in the stock or the company management/board. |
I don't think AJ and the board have a clue whats going on or what to do.QF has enjoyed a monopoly for years bumbling along.Now here comes the competition!!-"oh no what do we do now!"..
They are letting a great institution die - and no one is doing anything about it Wheres the innovation to take QF International forward??..wheres the vision to get to the top and stay there??.."I know.. we'll do nothing.No money to invest until it turns a profit!!"..Hmm thats a great plan.. So if you owned a shop and it started to lose money to competetion or whatever, you would do nothing to rescue your livelyhood until ,by an act of God, it turned a profit by itself..Emm...start praying!!.. ..and don't blame the share price on the Industrial disputes..thats a pathetic statement!!!.. Qantas is a great company but is stuck in the past.Their procedures and practices are least 10 years behind other International carriers..Engineering is bogged down by red tape and its getting worse..all an increased cost!!!!...The company is almost run as a government Company of old, by the old mateship club..Unbelievable!!!!. The one bloke who could put QF at the top was overlooked for the top job and is now QF's main domestic competitor!!..Another great plan!.. :ugh:. |
It would be interesting to know what the lease terms are and who was involved in arranging them, rumour has it that some lease terms on certain aircraft are crippling qf, where does the money trail lead?
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Thank you Angryrat.... That is just what I been waiting to hear
As suspected, it's just an ANSETT matey club. They all have a dismal track record and their previous connections with leasing or consulting companies surely must be a breach of conflicts of interests. Reading your post sickens me.... But I'm not surprised ... I wonder how much more dirt would be dug if it was forensically looked at. Share price dropping and mindless twits steering the ship... This lot need to go ...... NOW |
$1.90 .......this stock is seriously on the nose.
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Now that Ansett have been wound up, the administrators need something else to sink their teeth into.
How much did the administrators make out of the carcass of Ansett and does the current Qantas board have any connections to them? I suspect Qantas would be the golden goose to administrators with all those prime terminals, equipment and facilities. We already know AJ has his next position lined up. A rat deserting the sinking ship? It seems they jump ship a year before the end. His new tenure is lined up for 2012. Perhaps 2012 is the end of the world as we know it? |
It would be interesting to know what the lease terms are and who was involved in arranging them, rumour has it that some lease terms on certain aircraft are crippling qf, where does the money trail lead? 1. The leases are cost neutral to both QF and JQ (ie. JQ pays QF exactly what it costs QF to own and maintain the aircraft, neither group profits) If this is the case, why go to the trouble of having a more complicated leasing structure when JQ could own the aircraft at the same cost? Also, isn't the idea of being an aircraft lessor to make a profit, in return for all the risks associated with owning, maintaining and leasing out your aircraft? 2. QF make a profit from JQ Ok, this would make sense to me. But why wouldn't JQ look at owning the aircraft themselves if it was cheaper than leasing? 3. JQ make a profit from QF Naaah ... never happen. |
Whats the panic----all shares are going down.
Qantas and Virgin both down 30% since December. |
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