Share Price
Join Date: Oct 2004
Location: Out of the pollution.
Posts: 673
Likes: 0
Received 0 Likes
on
0 Posts
Very true.. $5 if they're (we're) lucky.
Sadly, i'd be surprised if 1/2 of us have jobs in 12-18 months.
World economy is girding to debt driven halt..
China will outlast most, but CX is gonna take a big hit in all cabins.
Sadly, i'd be surprised if 1/2 of us have jobs in 12-18 months.
World economy is girding to debt driven halt..
China will outlast most, but CX is gonna take a big hit in all cabins.
Join Date: Nov 1999
Location: Sai Kungah
Posts: 199
Likes: 0
Received 0 Likes
on
0 Posts
Oval,
Are you saying I shouldn't buy and sell shares in the company that employs me? Or that I shouldn't make a profit from them?
Or that perhaps I should buy them at any price, even if (like Air Profit) I believe that they're heading south for the next few years?
Are you saying I shouldn't buy and sell shares in the company that employs me? Or that I shouldn't make a profit from them?
Or that perhaps I should buy them at any price, even if (like Air Profit) I believe that they're heading south for the next few years?
Join Date: Nov 2007
Location: Where You Aren't
Posts: 506
Likes: 0
Received 0 Likes
on
0 Posts
Jed,
Maybe it's not applicable to the everlasting CX, but, many people have lost everything when they have depended on their employers for both a salary and investment and their employers have gone bust.
Since CX would never go bust, I guess it's OK for an employee of CX to invest in CX shares without worry.
Maybe it's not applicable to the everlasting CX, but, many people have lost everything when they have depended on their employers for both a salary and investment and their employers have gone bust.
Since CX would never go bust, I guess it's OK for an employee of CX to invest in CX shares without worry.
Join Date: Apr 2009
Location: No where
Posts: 898
Likes: 0
Received 0 Likes
on
0 Posts
....if you love CX stock at $9......you'll love it at $5...! Patience and judgement, all that is needed to consistently make money in the markets. Most of you buy when you should be selling and sell when you should be buying. Follow the 'Profit'.....!! 
Join Date: Jun 2001
Location: Hong Kong
Age: 68
Posts: 105
Likes: 0
Received 0 Likes
on
0 Posts
Warren Buffet on the subject of airline stocks:
If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money. But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people seem to keep coming back to it and putting fresh money in.
You've got huge fixed costs, you've got strong labor unions, and you've got commodity pricing. That is not a great recipe for success. I have an 800 number now that I call if I get the urge to buy an airline stock. I call at 2 in the morning and I say: 'My name is Warren, and I'm an aeroholic.' And then they talk me down.
If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money. But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people seem to keep coming back to it and putting fresh money in.
You've got huge fixed costs, you've got strong labor unions, and you've got commodity pricing. That is not a great recipe for success. I have an 800 number now that I call if I get the urge to buy an airline stock. I call at 2 in the morning and I say: 'My name is Warren, and I'm an aeroholic.' And then they talk me down.
Join Date: Nov 1999
Location: Sai Kungah
Posts: 199
Likes: 0
Received 0 Likes
on
0 Posts
HKPax,
Not too far from the truth, I'll grant you that.
The issue is that CX is not really a true airline stock. The talking heads and other mainstream media may think that it is, but in reality it is but a useful money-go-round machine for Swire.
I can't think of any other private airline that has never lost money (I'm ignoring the "manufactured" losses recently).
Not too far from the truth, I'll grant you that.
The issue is that CX is not really a true airline stock. The talking heads and other mainstream media may think that it is, but in reality it is but a useful money-go-round machine for Swire.
I can't think of any other private airline that has never lost money (I'm ignoring the "manufactured" losses recently).
Join Date: Oct 2010
Location: North Pole
Age: 93
Posts: 109
Likes: 0
Received 0 Likes
on
0 Posts
Jed is right on the money.
Swire company share movements, changes in ownership etc are often just shuffling of money between different parts of the company. For example: just recently Swire Pacific still went ahead with its spinoff of Swire property with share prices heading south, when everyone else was postponing theirs public offerings. But wait....The 'public offering' was a special rights issue moving 17% of Swire property to John Swire and Sons. Essentially the start of giving the boss enough of a shareholding to control the new spun off Swire properties. So not a very public offering is it!
This is classic Swire, classic Hong Kong taipan stuff. Always look below the surface with share movements in these companies. Not all is what it often seems to be.
Cathay is no different. They use it to move losses and profits as required, just like any other part of Swire. Wouldn't be surprise if there wasn't a fair amout of transfer pricing also occuring within the group to accomodate this.
Swire company share movements, changes in ownership etc are often just shuffling of money between different parts of the company. For example: just recently Swire Pacific still went ahead with its spinoff of Swire property with share prices heading south, when everyone else was postponing theirs public offerings. But wait....The 'public offering' was a special rights issue moving 17% of Swire property to John Swire and Sons. Essentially the start of giving the boss enough of a shareholding to control the new spun off Swire properties. So not a very public offering is it!
This is classic Swire, classic Hong Kong taipan stuff. Always look below the surface with share movements in these companies. Not all is what it often seems to be.
Cathay is no different. They use it to move losses and profits as required, just like any other part of Swire. Wouldn't be surprise if there wasn't a fair amout of transfer pricing also occuring within the group to accomodate this.
Join Date: May 2003
Location: 'round here
Posts: 394
Likes: 0
Received 0 Likes
on
0 Posts
Since pprune began there have been a bunch of crackpots heralding the collapse of the world economy and CX at $4.36 a share. Funny they can never get an actual date, bit like the hkg met office and their Tempo, it just keeps getting moved along since surely sometime it must actually happen.
Anyone talked to baby jesus "with his tiny hands all omnipotent" and got an actual date where the share price will tank?
Anyone talked to baby jesus "with his tiny hands all omnipotent" and got an actual date where the share price will tank?
