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What an embarrasment that QF management has to make such a statement regarding industrial action. Another typical example of blame shift. It is management that ultimately, will cause the industrial action due to their lack of "good faith" negotiation. This board and CEO, are and will be a stain on our aviation world.
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...or industrial action... |
I recall seeing that excuse being used plenty of times elsewhere, although I dont know whether their own staff was the context in which it was meant.
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the "industrial action" might refer to refuellers/customs/air traffic controllers etc etc..
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Some trend up and down, others do not, Hmmmm.
http://hfgapps.hubb.com/asxtools/ima...xd?TF=D6&s=QAN . http://hfgapps.hubb.com/asxtools/ima...xd?TF=D6&s=BHP http://hfgapps.hubb.com/asxtools/ima...xd?TF=D6&s=WBC |
"sometimes we have delays/cancellations caused by things such as Weather and INDUSTRIAL ACTION". |
Well staff management relations have been bad for a few years!
Bur point taken. Its a shame the company deem it necessary to be there at all however. If it was the current reason I would agree they are within their rights to have it but its not a player at the moment. |
Time for all staff to buy $1000 in shares?
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Just heard on the ABC that Qantas shares have been put on a trading halt - is this to do with what the muppet is going to say at the press club?
Also did a quick add up from the notice on the ASX website, and Balanced Equities (Andrew Sisson) seems to have increased their holding by approximately 23 million shares - or $42 mil - since 1st of May. Then in today's paper Balanced Equities has been sold, not sure what it all means, but seems it is all happening NOW. |
I think after today announcements its going to be a matter of:
BRACE ,BRACE ,BRACE. HEADS DOWN, STAY DOWN X3 :eek: |
www.asx.com
Code = QAN Click on the asterisk beside QAN for details Qantas requested and was granted the halt due to 'an announcement in relation to Qantas' financial outlook, which is likely to be considered materially price sensitive...' |
I bet Ansett staff did not see it coming.
I bet Flightwest staff did not see it coming. I bet Macair staff did not see it coming. I think the Senate enquiry, EBA "negotiations" and share price is scaring the pants of them. Come on Nick and Bill, all the evidence has been presented, don't go weak in the knees, you know what needs to be done. |
hmmmmm
Bit of a guess what this trading halt is about,
Would say AJ going to announce more negative stuff yadda yadda. They are going to look at a capital raising as well as cut %25 of workforce. All doom and gloom nothing positive to come out of his gob. What better place to try and raise money than in Nations Capital, and cry poor to the politicians :E Just a guess all the above people. I cant imagine him going all the way to Canberra and singing the praises of just how wonderful his staff are :rolleyes: |
Re QANTAS - Halts trading, on Financial News,
Qantas halts trading on financial news | Latest Business & Australian Stock market News | Perth Now :( |
AJ adressing National Press Club in Canberra today at 12.30
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Qantas shares in halt ahead of financial statement
By online business reporter Michael Janda Qantas CEO Alan Joyce is expected to announce a major overhaul of the airline's international services (AAP: Sergio Dionisio) Qantas shares have been placed in a trading halt ahead of a speech by the company's chief executive which is expected to announce a major shake-up of the airline's international operations. The company's chief executive Alan Joyce is speaking at the National Press Club in Canberra, and The Sydney Morning Herald is reporting that Mr Joyce will outline a major overhaul of Qantas's international operations. Qantas's request for the trading halt indicated that the airline would be making an announcement in relation to its financial outlook. The airline industry has already seen profits hit by rising oil prices, natural disasters and a fragile economy - the volcanic ash cloud over many of Australia's major airports has further dented revenue due to cancelled and delayed flights. Mr Joyce's speech will be broadcast live on ABC News 24 at 12:30pm (AEST) which is streamed live on the ABC News website. |
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Market not Really Impressed
After an initial bounce to $1.89 the share price has settled at $1.85 still way below the float price.
The market doesnt see that Qantas has a point of difference or is being managed well |
Joyce's Fairy Tale
Well nobody is buying AJs fairytale except for a few sychophantic journos.
The market thinks its a big fib with the share price hovering around $1.82. No dividend. No growth No plan Just yada yada yada |
I guess that after 30 years in the business, I really don't understand the business. I don;t know so many are not prospering (aside from incompetent management). Anyone considering a ship journey Sydney to LA? New York to London? Train? Air travel is indespensible and it can't make money!
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The Qantas Sale Act.
How to subvert it? Just keep watching. These people are filth.:ugh: |
$1.79
Sigh. N |
Another heavy day of trading. Nearly 20m shares. Someone is off loading and someone is buying and I would think that someone is going to have to declare an interest soon. Circa 300m shares changing hands month to date or about 13% of the issued shares.
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I predict in the 1.60's within a month.
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Interesting AJ...
Good move, way to attack AIPA with the world watching. AJ: Really, what did you "ANNOUNCE" ...?? NOTHING!! This was an announcement to announce that on Aug 24, he will make an announcement. QF called for a trading halt, as then the whole fricken world will be watching his sob story that he is apparently losing money. This is a stage that AIPA can not fight on, which is very bloody sad. This is QF warfare at it's best. It's time to vote yes, screw then for every single dollar and cent we can all drain out of their little slush fund. They do have deep pockets, but they dont want to lose money. So lets pressure them to a point that they threaten to close doors. The lights are out if we sit on our hands. QF can't afford to fight for too long. They can't and they wont. They are calling our bluff. Now is time. |
The last two posts sound reasonable to me.
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Originally Posted by ultergra
Interesting AJ...
Originally Posted by ultergra
QF called for a trading halt, as then the whole fricken world will be watching his sob story that he is apparently losing money. This is a stage that AIPA can not fight on, which is very bloody sad.
Pilots (and Engineers) are asking for too much – well, what HAVE their pay rises been? How does that compare to the Board and CEO? Management in general? Can’t talk for pilots but if the average Engineer is earning $150K then I’d be stunned and furthermore if the average cost centre related manager (i.e. those not directly involved in getting passengers moved who would be profit centre management) ISN’T earning at least $150K then I’d be double stunned. Frame the argument as a response to AJ’s BS and use it against him. But you MUST keep it short sharp and sweet, and (for the pilot rep) stop coming across as some pompous spoilt flyboy. Engage with people in general, don’t be all haughty and get everyone offside or you lose big time. You need support.
Originally Posted by ultergra
This is QF warfare at it's best. It's time to vote yes, screw then for every single dollar and cent we can all drain out of their little slush fund. They do have deep pockets, but they dont want to lose money. So lets pressure them to a point that they threaten to close doors.
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Every time I go to work I either make money for the company or help mitigate loss. Can senior management say the same?:confused::{
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Could it be the intention of senior management to run the share price into the ground so as to allow a "private" third party to takeover Qantas shares at minimum cost thereby defrauding the current shareholders the fair value of their shares?
Management could always blame intransigent and greedy union officials and workers for the failure of Qantas to remain competitive and thereby justify management's and the board's recommendation to the now poor shareholders to accept the takeover bid when it inevitably arrives... Son of "Project Suzie" is coming back for revenge..? Alas, all the other so called "issues" are a smoke screen for the real agenda. |
The share price is now less than what it was 15 years ago.
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Shareholders
The institutional shareholders must be ecstatic(not) unless of course they know something that we dont
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$1.805 this morning! Is that not a 10% decline in three weeks? Surely J P Morgan and HSBC are wondering where their investment is going? :confused:
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Qantas Limbo
.......how low can the share price go?
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when do the financiers start to question the debt to equity?
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Originally Posted by tail wheel
J P Morgan and HSBC are wondering where their investment is going?
No such worries for JP Morgan, which just reported that it lost money on exactly zero days in Q1, averaged $112 million in daily trading revenue and had 7 days in which the firm had trading profits of “more” than $160 million, including 2 days unbounded by an upper limit range. Next, we expect Goldman and Citi to do the same. It is a good thing markets are not zero sum, or else someone may ask just who (or rather which taxpayer) is the loser to all these “trading perfection” days… These banks have the best information, hence rarely ever lose money. Try this google search perfect trading quarter. Is the game rigged? </rhetorical> |
Information from the Australian Stock Exchange floor is that rumours from PPROON is scaring the major investors. ;)
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PPruNe's Clout ?
I think that was said with tongue in cheek.
If not then major investors should be requesting further information from the QF Chairman...if they can find him |
1.60 is my pick before an "injection" and strategy announcment
cmon someone has to go out on the limb and say it... |
Late buying today...could this be the turning point?
EDIT Just realised this graphic updates daily as the daily movement.... http://chart.finance.yahoo.com/t?s=Q...300&height=180 |
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