Green Goblin - that was kinda inappropriate
 

Keep the soap, other people's children, wives, significant others, blah blah out of the condo - just muddies the waters and makes you sound silly. Who Joyce plays with has no bearing on the state of Qantas right now - sheesh!:ugh:

Government Intervention
 

The noises from Canberra may stymie any takeover....or at least give room for second thoughts.It is an attractive proposition for a group who is cashed up.Plenty of value to unlock and $3bill cash reserves...very attractive
Maybe its not over yet

That is funny. I wish you were right but a large proportion of those in Canberra will roll over. Nothing they have touched in the last three years has worked. Why would they be able to stop an on market take over?

The suits doing the takeover have better legal advice and are motivated by greed.

People who follow what is happening in the United States at present would know that a new class of robber barons, based in Wall Street, are flexing their muscles. You should be aware that they have admirers in Australia.

Be aware that interest rates are near zero in America - why even the wife of the head of Morgan Stanley suddenly found herself with $200 million in taxpayer funds she then used to buy debt and start a business. Fancy that! You can just be a normal housewife and the government will help you start your own investment fund!

The Real Housewives Of Wall Street: Christy Mack And Susan Karches Took TALF Loans

Given the near zero American interest rates and the high moral purpose of American investment bankers, it is not too great a stretch to believe that there might be a few willing Australians for an American to teach, and a suitably charitable target for their attentions might be the long suffering shareholders in Qantas.

..Especially if the airline continues to be managed in a manner that I fail to understand.

Why would any Western business want to start up a premium airline in Asia? That would be the equivalent of a Russian magnate announcing that he was going to start a full service airline in Australia - based on the idea that "superior Russian airline experience" was his competitive advantage.

Why are the employees of Qantas continually treated like dirt?

Why is Jetstar allowed to cannibalize Qantas market share?

Why is Jetstar allowed to act as a parasite on the Qantas host?

I would have thought that a thinking entrepreneur could take this lot over and do much, much better.

I keep seeing the mental image of the monkey trap. The monkey has his hand around the food in the jar and won't let go...

On August 25th The Australian Editor wrote

Quote:

---

Private Equity owners could fillet the Flying Kangaroo ..............any significant ownership change must be subject to a strict national interest test.

---

And no one has more interest in the future of Qantas than those who work for it.

Trick is; Can Qantas Employees with 26% ownership and Foreign P.E. Owners with 49% ownership agree plans that will Keep Qantas Australian?

Personally I think they can. A business plan based primarily on fleet renewal, job security, and a wage freeze is probably enough to pull together a strategy that Australia will support.

If you work for Qantas and like the idea of:

· Taking a financial stake in your employer,
· Truly participating in the Company you work for, and
· Protecting Australian based jobs.

Suggest you tell your Manager & your Union to - 'Go for It'.

For more information about why it can work for you, visit: www.aeoa.org.au

My personal feeling is that there is not as much money in operating aeroplanes as there is in leasing them. You get paid regardless of any loss they make whenever they fly.

I wonder who stands to win from leasing 100 A320s to Qantas? Must be some good coin in that little venture. Far more than a handful of 777s or a 747 fleet that was already owned. Lets not forget of course the A380s which were being purchased outright. No money in leasing the airframes there either........

Something stinks!

QF does not look like a takeover target to me at current prices with so many storm clouds on the financial horizon.

The latest Balance Sheet shows the following.

Total Current Assets $5.641B

Current Liabilities $6.235B

Debt/Equity Ratio 98.1%

Return on Capital 4.0%

Net Profit Margin 1.8%

"So our shareholders and other investors would be better off putting the money in the bank, because that doesn't give you sufficient returns."


So who is trashing the brand and company again?


Qantas chief says shareholders 'better off in the bank' - ABC News (Australian Broadcasting Corporation)

The quote below comes from the article above.

Takeouts from Roger's quote are:

• (at) a discount to net tangible assets,
• private equity or another airline (may) make a bid for the company,

Yep, with QF's share price under $1.60 and an NTA valuation of $2.67; the guys in NYC must be really pissed about the Qantas Sale Act.