QF shares hit $2.00, discuss
 

Qan2.000 2.010 2.000 -0.030

Well we hit the magic $2.00 this morning...... Will this trigger anything at investor board level those more knowledgeable than I?

1.99!!

Institutional investors must be getting very twitchy!!

Its already been happening the past few weeks eject.
Its been called exiting the building !!!
Shareholders showing no faith in this company, buy side is looking like its about
to capitulate. :ouch:
No more blame game AJ shareholders are placing fingers on sell buttons cause of what your doing. :eek:

"The smartest men in the room...":{

Yet according to our Chairman apparently it's the workers of the place who are living on another planet and according to our CEO that place is cloud cuckoo land. All of that because apparently we don't understand the business. I'd say the frustrating thing for them is that we understand the business far more than they want us to because we're calling them on their attempts to destroy it.

Looks like the management and board are playing "limbo" with the share price. How low can you go?:eek: $1.96 today's low so far.

1.955 the new low for the day

We all should have bailed at $6. Can you imagine if the Texans were running the place now? On the other hand maybe it may have been better...

In an exciting new develpoment today to help boost its sagging share price QANTAS have announced the sponsorship of a new musical show RATS. This show is epected to bring QANTAS more world wide publicity tha RAINMAN.:ok:

The writing it on the wall for the Chairman and CEO
 

Qantas and Alan Joyce and Leigh Clifford

Finally, reading between the lines, it all has caught up with the real rouges at Q. The clock is ticking as we watch the demise of Q management in its infancy today but defiantly heading south no matter what Clifford said in the Australian last Saturday.Not a good look for these guys!
https://lh6.googleusercontent.com/-J...clif-joyce.jpg my bold
It has been going in circles for too long now, should be an interesting couple of weeks...:rolleyes:

FS: QAN.


Mates rates apply..........
:mad::mad::mad::mad::mad::mad::ugh::ugh::ugh::ugh::{

So why the hell hasn't the shareholders told the board where to go!! I think its time for a mutiny!! other than the board who actually likes the direction Qantas is taking? Oh sorry i mean Qantas Group:ugh:

Funny - Now this hot off the press, Q are firing every thing they have.
 

Virgin Australia loses potential partner to Qantas | Malaysia Airlines
Funny - Now this hot off the press, Q are firing every thing they have in the war chest.

I wouldn't put one red cent into the joint!!! Not unless it goes to $1.70 . Thats my buy trigger. The buggers havent paid any dividend for over 12 months so what upside is there??? NIL......

Money Looking For a Home
 

There is a lot of money on this planet looking for a home.With huge cash flows and asset backing of around $2.40/share Qantas will be a very attractive proposition to that money.
This is looking very much like a path that has been trodden before.
I'm with Crocodile $1.70 to $1.75 is a buy

The posse of Texas equity partners are getting ready to pounce again I suspect.

^^^I'm with this guy, lol.

Good luck, cretins!!

So whats the super dooper isolvent share price ?.

"Total assets" divided "by the number of shares".

Disclaimer: I'm not an MBA, so forgive me if I am using technically incorrect terminology.

As I understand it, index funds (and other funds) buy and sell on market cap, so if it drops out of top 50, top 100, top 200 etc etc they have no choice but to sell.

I reckon there would be plenty on the board sh!tting themselves, plenty of managers sh!tting themselves and an Irish gimp about to make a career choice.

This arseclown gives all the convicts that help build this joint a bad name :=

Who said there is only one way to skin a cat, and the PIA fairy has not even been let out of its dungeon like, crab infested warty box.

What can you buy for 2 bucks? 1x QF share (if yr silly enuf,with change) or a ticket on a plane............there's the main problem with our Airlines of today. They have sold themselves out with stupidly cheap unsustainable ticket prices. People will still fly in large No's if the fares where raised to make these airlines viable Aussies love to travel, hardly think that everyone will stop doing so if the prices go up..................you reap what you sow CEO's!



Wmk2

How low can you go?
 

Gold. LMAO!

The slide continues. Closed at 1.955.

Share price has nothing to do with insolvency, insolvency occurs when a company is unable to pay its bills as and when they become due. Number of other bits and pieces tie in with it but that's the basics of it.

What a significantly reduced share price and thus market capitalisation may do is breach certain banking convenants which makes loans harder to obtain, more expensive to fund or perhaps even trigger a repayment requirement. Probably unlikely in this case but not impossible.

Worst effect of reduced share prices occurs if certain people have taken out a whole lot of them, leveraged them up and then they get hit with a margin call and are forced to sell. Then it becomes a "race for the exits" as everyone tries to sell with few buyers.

It's too late to recover. Not all over but will dwindle down to natural self sustaining level.

After all the sell offs and outsourcing the financial side is still a mess.

Airlines are there to be state owned enterprises. To provide a service for the country's people, more so internally. Also to faciltate tourism and trade internationally. Not to make huge profits, to provide employment and create the overflow business that comes along with it. Duty free shops, post, airport concessions, care hire, motels etc.

You can't financially compare an airline to a coal mine, gold mine, steel mill, fish and chip shop, bank. There are in a category of their own.

The best option is for the govt to buy it back and rebuild it into an australian icon.

Is Qantas shorting its share price?
 

Can't believe this. Here is Joyce rubbishing his own company in front of an IATA conference.

And claiming Jetstar is subsidizing Qantas.

How much longer is this going to go on?

Qantas CEO trashes the brand in comments at IATA conference | Plane Talking

QF has been failing for a lot longer the current management has been there. The eye was not on the ball while the Texan group was trying to maximise profits, not for the airline but for themselves. They, the Texas group is gone now, there is no cheap credit out there.
I use it a lot as a passenger, sorry, but it is not much chop, it's nice because it's Ozzie but that is it.
If QF mainline still exists in 5 years, I would be surprised.

What needs to be understood, is that this sort of talk by Joyce & Clifford is deliberate.

By demonising the workforce in the media, and misrepresenting the truth about the current profitability of the Qantas international operation Joyce is seeking to deepen the current crisis to allow justification for further restructuring and offshoring.

A tactic attempted on numerous occasions in the US after deregulation in the 1970's - most notably by Frank Lorenzo at Eastern.

The problem is that this tactic has never worked. So much damage is inflicted on the brand that customers simply do not return.

Joyce has been quoted on multiple occasions that his business philosophy is that 'crisis equals opportunity". By misrepresenting the true financial position of the company, by bad mouthing his staff and product in order to drive the share price down further into the take over zone, Joyce is seeking to obscure blame for years of chronic mismanagement.

Im of the opinion that regardless, nothing can save Qantas mainline now. The real tragedy is that the staff are going to be blamed for its demise instead of the real culprits.

How much did JQ pay QF for all the routes handed to them on a platter and all the other benefits they get from Qantas? zip, nothing, ziltch.

I doubt JQ would have ever made it if it wasn't part of QF

Virgin Australia have just hooked up with Singapore Airlines...watch the freefall now, lol.

Joyce's comments, if reported correctly, are bizarre and inexplicable.

There is no fukcing way Qantas would even have ordered the A380, let alone Twenty of them, without the most detailed financial analysis of their return on investment it was possible to make - and that includes their cost of capital.

That analysis would have included a number of assumptions regarding fuel, maintenance and crewing costs and there would have been figures for inflation of costs as well.

That analysis would absolutely not contain an assumption that crewing costs would be reduced in constant dollar terms by a sustained campaign of workforce restructuring. That would be madness. Furthermore to make the statement that Joyce appears to have made, that the viability of the operation hangs on whether or not pilots maintain the purchasing power of their wages is simply lunacy!

Furthermore, judging by repeated accounts on Pprune, if Jetstar is profitable, it's because of massive cross subsidies from the mainline operations, there is no way the could have created the infrastructure themselves.

As I said before, what needs to be seen is the contribution analysis of the various segments of the corporation. Please note that Joyce and Chairman Clifford never say that that international is not profitable, they instead hide behind euphemisms such as "not making an acceptable return". This is just sophistry.

$1.93 with a bullet..........

That's well put 'mainwheel' I agree (our Govt haven't got a clue so no answer there) but what we have here now is greed in it's ugliest form. Airlines are no longer 'pots of gold' for CEO's to come along destroy & pillage, Joyce (with his predecessor) is now realizing this & he's a desperate man............as Dowding once said during that famous war..........."must find more pilots or loose" (or words to that effect) Simply put must find an answer or we'll lose QF, the name will only exist in the history books.


Wmk2

$1.89 the new low so far :sad:

I was wondering the same thing, Sunfish. Sometimes you see AJ being quoted that QF Int is not "meeting its cost of capital", and other times that the QF Int is loss making, sometimes even in the same article.

Doesn't not "meeting its cost of capital" imply that it is still making a profit, just not as much of a return as required to justify the investment? Which conflicts with the quotes that QF Int is losing money.

If this is the case, why are the new 787s going to JQ SIN which has had a worse ROC than QF mainline? Also, I find it incredible that AJ justifies spending no more money on QF Int when part of the reason current returns are poor is because of lack of expenditure and sheer neglect.

'holic:

This is what I meant by labelling QF Int'l a "legacy airline". No investment, "harvesting" which means running the asset into the ground, no investment in staff.

For what its worth, I'm now suspecting that the banker Boyz are setting up to flog off Mainline and licence the brand name to private interests. That would leave the shareholders with the wonderfully profitable, modern dynamic Jetstar domestic and International components, and they would be freed from this ugly millstone of mainline around their necks.

The Jetstar shareprice would recover...for a while.

The banker Boyz now start washing the mud off the now privately owned wrecked Holden ute that is Qantas International and, what do you know? Who would have thought? Why this isn't so bad a wreck at all, in fact we can see something silvery appearing from under the grime.....why this isn't a broken ute at all! It's a Rolls Royce cash making machine!!!!

Mr Joyce and the Board are starting to smell exactly like the previous Board at the time of the APA bid. I suspect that there is some ratfukcing going on.

Agreed. MkII version of the failed PE bid.
QAN again out performing the ASX this morning (using AJ's calculator that is)
QAN down 2.3% currently with the All Ords down 0.6%.

NB! Virgin's share price up 3.5%. Capital is voting and it is currently going VBA's way.

Buy Soon ?
 

If the price drops below $1.80 and approaches $1.75 it surely has to be buy

yep, and that's what makes me so sick to the stomach about it all!



:suspect:

Time to sell while you still can.:eek: