CX Shares slip below HK8
Thread Starter
Joined: Jul 2014
Posts: 89
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From: china
CX Shares slip below HK8
And so has been the case for the last few months, the sinking feeling of the plummeting value of Cathay Pacific. Another 10% and we will be in uncharted territory regarding possible takeover bids or share swops. Cant be long before Qatar wants an increased slice.
But before then , there’s that small matter of fat cat pilots sat on their backsides , ( literally) earning far too much in the current climate.
But hey, at least the hk$ is strong and the GBP weak . Very weak, time to cash in and run to retirement. Lol.
But before then , there’s that small matter of fat cat pilots sat on their backsides , ( literally) earning far too much in the current climate.
But hey, at least the hk$ is strong and the GBP weak . Very weak, time to cash in and run to retirement. Lol.
Joined: Dec 1998
Posts: 223
Likes: 66
You seem to have a bit of a chip on your shoulder regarding the higher earning pilots in the airline. The pilots who have dedicated most if not all of their aviation careers to CX and HK (and their families futures as well). I suppose you would simply like us all to walk off the gang plank and drown in the sea. Then the newbies can get what is "rightfully" theirs. Ok, got it Kahaha...thank you.
Joined: Aug 2008
Posts: 0
Likes: 1
From: Polar Route
You seem to have a bit of a chip on your shoulder regarding the higher earning pilots in the airline. The pilots who have dedicated most if not all of their aviation careers to CX and HK (and their families futures as well). I suppose you would simply like us all to walk off the gang plank and drown in the sea. Then the newbies can get what is "rightfully" theirs. Ok, got it Kahaha...thank you.
Some are like dogs hoping their owners get full before finishing their meal so they can get the scraps... and scrape a “career” together.
Last edited by cxorcist; 25th May 2020 at 19:44.
Joined: Mar 2000
Posts: 451
Likes: 6
From: the land of chocolate
This always reminds me of crabs in a bucket, all the crabs want to get out, but as soon as one is about to, the other ones drag it back down.
You should only wish that the better paid ones get worse conditions, if you will actually get better ones because of it, otherwise it will just be you next..
You should only wish that the better paid ones get worse conditions, if you will actually get better ones because of it, otherwise it will just be you next..
Joined: Aug 2008
Posts: 0
Likes: 1
From: Polar Route
This always reminds me of crabs in a bucket, all the crabs want to get out, but as soon as one is about to, the other ones drag it back down.
You should only wish that the better paid ones get worse conditions, if you will actually get better ones because of it, otherwise it will just be you next..
You should only wish that the better paid ones get worse conditions, if you will actually get better ones because of it, otherwise it will just be you next..
Joined: Aug 2011
Posts: 0
Likes: 0
From: UK
After the passing of new legislation yesterday and the way China is exerting it’s control do you really think any foreign country would even think of taking over or buying shares in CX?
I would think CX will be a pariah on the international stage.
I would think CX will be a pariah on the international stage.
Joined: Jul 2013
Posts: 504
Likes: 1
From: one country, one system
My guess is you are sitting on huge paper losses. Since I don't, who is the financial moron?
I also never disputed the free float share proportion of Cathay stock, or did I?
I said I personally would not buy Cathay for 5. Cathay will be a different and most probably significant smaller company in the future.
In my opinion this will be reflected in the share price. It's just my opion and I have (obviously) no idea where the price will be in the future. Nobody knows.
A future cash shortage might lead to an increase of the free flow share. Or one of the current institutional share holders might want to exit. Which means existing shares might suffer, regardless how high the proportion of institutional holders is today.I would not claim to be an expert stock trader ( and never have), but as far as I know large institutional ownership share in public traded companies are rather the norm than the exception. Many other airlines have similar shareholder constructs, e.g. easyjet. To conclude this would somehow automatically safeguard a stock from devaluating is certainly wrong.
If you think otherwise, now is the chance to buy for you. No need to insult me, just put your money where your mouth is and reap your profits later.
I personally never understood why employees buy the stock of their own employer in the first place. If your company goes belly up you lose your job and your assets. But that's just me.
I also never disputed the free float share proportion of Cathay stock, or did I?
I said I personally would not buy Cathay for 5. Cathay will be a different and most probably significant smaller company in the future.
In my opinion this will be reflected in the share price. It's just my opion and I have (obviously) no idea where the price will be in the future. Nobody knows.
A future cash shortage might lead to an increase of the free flow share. Or one of the current institutional share holders might want to exit. Which means existing shares might suffer, regardless how high the proportion of institutional holders is today.I would not claim to be an expert stock trader ( and never have), but as far as I know large institutional ownership share in public traded companies are rather the norm than the exception. Many other airlines have similar shareholder constructs, e.g. easyjet. To conclude this would somehow automatically safeguard a stock from devaluating is certainly wrong.
If you think otherwise, now is the chance to buy for you. No need to insult me, just put your money where your mouth is and reap your profits later.
I personally never understood why employees buy the stock of their own employer in the first place. If your company goes belly up you lose your job and your assets. But that's just me.
Last edited by Sam Ting Wong; 4th June 2020 at 21:19.
Joined: Jun 1999
Posts: 2,997
Likes: 35
From: Oztrailia
best post I’ve seen all year......
LMAO.
LMAO.
STW and Unitedabx, the two of you clearly have the combined IQ of the yellow pages, i.e zero.
The share price is nigh on irrelevant if the majority is held by institutional shareholders. i.e. it is not traded.
When the share price goes below $8 historically Swire has bought up any stock listed for sale which has in the past pushed the price back up. This time does not seem to be the case. Care to give a thought to the possible reasons why? Perhaps cash may be king when lots of cheap airframes come on the market to fill the void of reduced comeptition.
A quick search will confirm the following :
Swire Pacific Limited 45%
Air China Limited 29.99%
Qatar Airways (QCSC) 9.99%
Public shareholding 15.02%
On a normal trading day less than 1/3 of 1% of the stock is traded.
I am now convinced you both ARE PILOTS because you are financial morons !
The share price is nigh on irrelevant if the majority is held by institutional shareholders. i.e. it is not traded.
When the share price goes below $8 historically Swire has bought up any stock listed for sale which has in the past pushed the price back up. This time does not seem to be the case. Care to give a thought to the possible reasons why? Perhaps cash may be king when lots of cheap airframes come on the market to fill the void of reduced comeptition.
A quick search will confirm the following :
Swire Pacific Limited 45%
Air China Limited 29.99%
Qatar Airways (QCSC) 9.99%
Public shareholding 15.02%
On a normal trading day less than 1/3 of 1% of the stock is traded.
I am now convinced you both ARE PILOTS because you are financial morons !
Joined: Jun 2001
Posts: 4,777
Likes: 9
From: Blighty
I personally never understood why employees buy the stock of their own employer in the first place. If your company goes belly up you lose your job and your assets.
Joined: Nov 2018
Posts: 408
Likes: 1
From: Bonvoy Marriott
CX has something a lot of other carriers do not have. An extremely strong home base cargo market. Both belly and full freighters. Which means they have cashflow. Yes, the current climate is dire. But compared to many others CX are relatively well positioned for the future. My 2c
Joined: Aug 2011
Posts: 0
Likes: 0
From: UK
CX has something a lot of other carriers do not have. An extremely strong home base cargo market. Both belly and full freighters. Which means they have cashflow. Yes, the current climate is dire. But compared to many others CX are relatively well positioned for the future. My 2c
The reality will probably lie somewhere in the middle which still puts you worse than the rest. Hold on to your hats, the times are changing!
Joined: Mar 2015
Posts: 85
Likes: 0
From: Hong Kong
If Qatar were to boost its stake it would like only be with a wink & nod to the mainland to go along to get along with the rebranding "Air China HK", or any number of initiatives the board may have later on.
Joined: Oct 2000
Posts: 413
Likes: 14
From: House
Did you actually put "like" into a written sentence?
It's bad enough having to listen to someone say it every sentence, sometimes twice in a sentence....but now people are actually writing it in, as if, it's actually part of a normal sentence.
Joined: Mar 2017
Posts: 58
Likes: 0
From: Australia
https://www.bloomberg.com/news/artic...d=premium-asia
"Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders Swire Pacific Ltd. and Air China Ltd. suspended trading of their shares on Tuesday, pending an announcement."
Something's afoot!
"Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders Swire Pacific Ltd. and Air China Ltd. suspended trading of their shares on Tuesday, pending an announcement."
Something's afoot!
Joined: Jul 2013
Posts: 504
Likes: 1
From: one country, one system
STW and Unitedabx, the two of you clearly have the combined IQ of the yellow pages, i.e zero.
The share price is nigh on irrelevant if the majority is held by institutional shareholders. i.e. it is not traded.
When the share price goes below $8 historically Swire has bought up any stock listed for sale which has in the past pushed the price back up. This time does not seem to be the case. Care to give a thought to the possible reasons why? Perhaps cash may be king when lots of cheap airframes come on the market to fill the void of reduced comeptition.
A quick search will confirm the following :
Swire Pacific Limited 45%
Air China Limited 29.99%
Qatar Airways (QCSC) 9.99%
Public shareholding 15.02%
On a normal trading day less than 1/3 of 1% of the stock is traded.
I am now convinced you both ARE PILOTS because you are financial morons !
The share price is nigh on irrelevant if the majority is held by institutional shareholders. i.e. it is not traded.
When the share price goes below $8 historically Swire has bought up any stock listed for sale which has in the past pushed the price back up. This time does not seem to be the case. Care to give a thought to the possible reasons why? Perhaps cash may be king when lots of cheap airframes come on the market to fill the void of reduced comeptition.
A quick search will confirm the following :
Swire Pacific Limited 45%
Air China Limited 29.99%
Qatar Airways (QCSC) 9.99%
Public shareholding 15.02%
On a normal trading day less than 1/3 of 1% of the stock is traded.
I am now convinced you both ARE PILOTS because you are financial morons !
institutional shareholders don't guarantee a minimum price, and even if they miraculously would, the composition and shares of these institutional investors can obviously change.
With the state bail out the latter happened.
Perhaps now we will see a significant dillution. Or maybe not, nobody knows.
Your lectures about how it all works on the stock market, your big insights on trading volumes, imaginary safety nets... not only simply wrong, but ludicrous and arrogant.
Last edited by Sam Ting Wong; 15th June 2020 at 08:26.
Joined: Sep 2012
Posts: 261
Likes: 42
From: Europe
Also, I feel the post that got you up on the grammar high horse probably meant to say "likely".
Thread Starter
Joined: Jul 2014
Posts: 89
Likes: 0
From: china
Shares in CX at hk$6.8 at the end of trading today.
The slide continues, yet what is actually being done to stem the losses?
No layoffs, why? BA 12000 jobs
VA has shed 500 pilots . Ryanair 3000 pilots.
These airlines are now recovering.
Will business ever return to pre covid levels?
Not for years . There is growing anti china sentiment amoung the populations of the developed world. Common folk are trying to avoid Chinese produced products. Currently a different task, but the momentum is building .
But cx management think air travel via hk will rebound before the cash and bonuses run out .
Who knows. I’m betting the shares will continue their slide , the airline will have to lay off some of all those folks they kerp at cx city .
I mean , what do they all really do for those 90 min lunch breaks in the cx canteen?
The slide continues, yet what is actually being done to stem the losses?
No layoffs, why? BA 12000 jobs
VA has shed 500 pilots . Ryanair 3000 pilots.
These airlines are now recovering.
Will business ever return to pre covid levels?
Not for years . There is growing anti china sentiment amoung the populations of the developed world. Common folk are trying to avoid Chinese produced products. Currently a different task, but the momentum is building .
But cx management think air travel via hk will rebound before the cash and bonuses run out .
Who knows. I’m betting the shares will continue their slide , the airline will have to lay off some of all those folks they kerp at cx city .
I mean , what do they all really do for those 90 min lunch breaks in the cx canteen?
Joined: Apr 2019
Posts: 122
Likes: 0
From: Hong Kong
Shares in CX at hk$6.8 at the end of trading today.
The slide continues, yet what is actually being done to stem the losses?
No layoffs, why? BA 12000 jobs
VA has shed 500 pilots . Ryanair 3000 pilots.
These airlines are now recovering.
Will business ever return to pre covid levels?
Not for years . There is growing anti china sentiment amoung the populations of the developed world. Common folk are trying to avoid Chinese produced products. Currently a different task, but the momentum is building .
But cx management think air travel via hk will rebound before the cash and bonuses run out .
Who knows. I’m betting the shares will continue their slide , the airline will have to lay off some of all those folks they kerp at cx city .
I mean , what do they all really do for those 90 min lunch breaks in the cx canteen?
The slide continues, yet what is actually being done to stem the losses?
No layoffs, why? BA 12000 jobs
VA has shed 500 pilots . Ryanair 3000 pilots.
These airlines are now recovering.
Will business ever return to pre covid levels?
Not for years . There is growing anti china sentiment amoung the populations of the developed world. Common folk are trying to avoid Chinese produced products. Currently a different task, but the momentum is building .
But cx management think air travel via hk will rebound before the cash and bonuses run out .
Who knows. I’m betting the shares will continue their slide , the airline will have to lay off some of all those folks they kerp at cx city .
I mean , what do they all really do for those 90 min lunch breaks in the cx canteen?
At the moment I reckon (my guess):
1. Looking at which routes will be viable
2. Working out fleet and headcount reductions
3. Spending a lot of time with lawyers to avoid court cases and seeing how much room they have to manoeuvre re contracts, seniority, residency etc.
4. as per 3 but working out how to implement a new contracts
The bailout gives them breathing space that’s all