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Search: Posts Made By: MickG0105
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12th Jul 2020, 08:23
Replies: 662
Views: 218,664
Posted By MickG0105

Blackout, I was never referring to the...

Blackout, I was never referring to the application to the Takeovers Panel, rather I was talking about the application to the Federal Court by two of the bondholders, Broad Peak Investment and Tor, to...
12th Jul 2020, 01:14
Replies: 662
Views: 218,664
Posted By MickG0105

You've essentially answered your own question. ...

You've essentially answered your own question. Back at the start of the month the administrator filed an affidavit that included the following statement:



In other words, the administrator...
12th Jul 2020, 01:02
Replies: 662
Views: 218,664
Posted By MickG0105

The matter that was being addressed was whether...

The matter that was being addressed was whether the bondholders, either as a special group of creditors or as unsuccessful bidders, have some special entitlement to access information that is...
12th Jul 2020, 00:08
Replies: 662
Views: 218,664
Posted By MickG0105

We will see what the outcome is next month. ...

We will see what the outcome is next month. Let's just park it until then.
11th Jul 2020, 23:57
Replies: 662
Views: 218,664
Posted By MickG0105

Yes, it will come down to the presentation of a...

Yes, it will come down to the presentation of a DOCA at the second creditors' meeting.

The mechanics of the second creditors' meeting, in particular a vote on a DOCA, are fairly...
11th Jul 2020, 22:38
Replies: 662
Views: 218,664
Posted By MickG0105

Well, we shall see. That's a load of...

Well, we shall see.


That's a load of tosh. You seem to be completely ignorant to the notion of classes of creditors. The bondholders are unsecured creditors; save shareholders the...
11th Jul 2020, 03:54
Replies: 662
Views: 218,664
Posted By MickG0105

Under an administration they most certainly get...

Under an administration they most certainly get that option so long as there is a Deed of Company Arrangement between the two events. If the DOCA states that bondholders are getting X cents in the...
10th Jul 2020, 02:07
Replies: 66
Views: 15,228
Posted By MickG0105

As pointed out in the article, ...

As pointed out in the article,



They've just picked a there-or-thereabouts point related to the scheduling process. It'll be as much to minimise churn on re-bookings and cancellations as...
6th Jul 2020, 22:39
Replies: 172
Views: 49,623
Posted By MickG0105

That is particularly so when you consider the...

That is particularly so when you consider the stated purpose and eligibility criteria for the Regional Airline Funding Assistance grant program.


Emphasis on 'last resort'. Clearly Rex had...
6th Jul 2020, 11:52
Replies: 355
Views: 227,354
Posted By MickG0105

Thanks for that. It would be an interesting...

Thanks for that. It would be an interesting exercise to check that across a variety of types. Hopefully there will be some further investigative work on the matter in the final report on NOO.
6th Jul 2020, 10:58
Replies: 355
Views: 227,354
Posted By MickG0105

Can I ask what aircraft type you were talking...

Can I ask what aircraft type you were talking about there please?

It appears that one of the contributing factors to CO ingressing the cabin on the ground is the position of the engine exhaust...
6th Jul 2020, 10:11
Replies: 172
Views: 49,623
Posted By MickG0105

Thanks for the sums. Rex's network load factor...

Thanks for the sums. Rex's network load factor is 62.5 percent.

3-4 services a day. It strikes me that would be first thing that would come under review rather than this all-or-nothing...
6th Jul 2020, 08:53
Replies: 172
Views: 49,623
Posted By MickG0105

So more demand than two full 340s/Q200s each day,...

So more demand than two full 340s/Q200s each day, seven days a week and that route is only 'likely mildly profitable'? Rex only fly that route 5 days a week. If they're not hauling in cash off that...
6th Jul 2020, 04:09
Replies: 172
Views: 49,623
Posted By MickG0105

In February Qantas announced that they were going...

In February Qantas announced that they were going to commence a Sydney-Orange service in May.

COVID-19 intervened. They're now starting in two weeks time using Q200s presumably in the...
6th Jul 2020, 03:00
Replies: 172
Views: 49,623
Posted By MickG0105

Even if 40 is correct for whatever average week...

Even if 40 is correct for whatever average week Rex are quoting (we'll have a better handle on that in a couple of weeks when the May data is released) how does that have a bearing on a competitor's...
6th Jul 2020, 02:15
Replies: 172
Views: 49,623
Posted By MickG0105

Thanks Arnold, I had picked up on that. ...

Thanks Arnold, I had picked up on that. Sydney-Orange is an intrastate route and was accordingly somewhat less impacted by domestic travel restrictions. In April, with the restrictions in full...
6th Jul 2020, 00:38
Replies: 172
Views: 49,623
Posted By MickG0105

If Rex are only averaging 40 pax a week on...

If Rex are only averaging 40 pax a week on Sydney-Orange where are the other 500-750 revenue passengers who fly out of Orange on a weekly basis flying to and who are they flying with? They can't...
5th Jul 2020, 22:35
Replies: 111
Views: 32,062
Posted By MickG0105

Anyone's guess but the purchase was likely more...

Anyone's guess but the purchase was likely more related to the lifting of the blackout period on shares purchases subsequent to the release of the half-year results. He made a similar size purchase...
4th Jul 2020, 06:32
Replies: 111
Views: 32,062
Posted By MickG0105

Yes, and beyond the Pollyanna spin, the...

Yes, and beyond the Pollyanna spin, the chronology is instructive.

13 March. 'The Group currently has a cash position in excess of $1 billion' (ASX announcement)
18 March. 'We are well...
4th Jul 2020, 03:55
Replies: 7
Views: 2,002
Posted By MickG0105

I take your point. However, IFAM is not...

I take your point.

However, IFAM is not there to subsidise international flights; it's an AusTrade program designed to subsidise farmers and producers by maintaining and opening export...
4th Jul 2020, 02:33
Replies: 111
Views: 32,062
Posted By MickG0105

Scurrah has a track record of playing ducks and...

Scurrah has a track record of playing ducks and drakes with his announcements, that's for sure and certain. We had the saga of the 750 'rightsizing' program, announced with all due hoopla in August...
4th Jul 2020, 01:31
Replies: 7
Views: 2,002
Posted By MickG0105

The International Air Freight Assistance program...

The International Air Freight Assistance program was contracted off to Qantas to manage with 14 other approved sub-contractors; AMI, Cathay, CT Freight, DHL, Emirates, Etihad, FedEx, JAL, Kuehne +...
3rd Jul 2020, 22:39
Replies: 355
Views: 227,354
Posted By MickG0105

According to the interim report, that day ...

According to the interim report, that day


The accident flight taxied away from Cottage Point around 1505 and was airborne around 1512, so a 6-7 minute taxi.

The photograph of the engine...
3rd Jul 2020, 03:22
Replies: 662
Views: 218,664
Posted By MickG0105

From Independent Australia's About Us: ...

From Independent Australia's About Us:

Seriously? Does that sound like The Onion to you?

The Onion runs obvious parodies like 'Study Finds It Would Be Extremely Satisfying To Have Intercourse...
3rd Jul 2020, 00:04
Replies: 662
Views: 218,664
Posted By MickG0105

And in related news, tinfoil hat futures up...

And in related news, tinfoil hat futures up sharply at the opening bell.
Showing results 1 to 25 of 409
 


 
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