Let's Buy Qantas Shares

[trblvb]

I’ve made a neat profit so far with the QAN shares I bought @ $0.96.

Big decisions whether to sell or keep.

QANTAS I’m in it for the long haul….pardon the pun.

 

[lovestotravel]

I am disappointed I didn't buy more at just under $1.

Oh well

 

[Sojourner]

I have no idea why anyone would want to buy QF shares. Has anyone heard of AJ's strategy to turn QF into a profit making airline? Because I haven't. The only strategy I've heard is the "65 line in the sand market share even if we have to make a loss (which they are)".

Even if QF got the Qantas sale act lifted, it might have access to more foreign investors... but who would want to buy an airline pursuing a loss making strategy at all costs?

And so what if QF had even a few extra billion dollars cash - what would it do with it? Flood the market with more flights than is needed, and make an even bigger loss?

 

[cove]

Well QAN shares did get to 95 in December and the idea is to buy low and sell high. The problem is you have to figure the low yourself and no one rings a bell to help you.

 

[TheRealTMA]

I have no idea why anyone would want to buy QF shares. Has anyone heard of AJ's strategy to turn QF into a profit making airline? Because I haven't. The only strategy I've heard is the "65 line in the sand market share even if we have to make a loss (which they are)"

You are putting emotion into share buying, a sure way to lose money. 21% profit in 2 months since they were 95 cents is/was an obvious financial decision (well to be honest, bet) that seemed logical. Now at 1.21 it seems an even bet so not so obvious.

 

[desiredusername]

You are putting emotion into share buying, a sure way to lose money. 21% profit in 2 months since they were 95 cents is/was an obvious financial decision (well to be honest, bet) that seemed logical. Now at 1.21 it seems an even bet so not so obvious.

If Qantas was a horse at Randwick, AJ'd be the jockey. I wouldn't bet on that jockey.

 

[marki]

Great Forum enjoyed reading this topic. Does anyone know what number of Qantas shares will buy one entry in the CL club? If at all? Is 45k or 50k.....or a Million ..... If not then back to old entry rules if any exist still. Writing this from the Chicago OHare. AA lounge

 

[lovestotravel]

If Qantas was a horse at Randwick, AJ'd be the jockey. I wouldn't bet on that jockey.

Yeah but more than likely the race is over

An easy 20%+ "profit" in 2 months, just need to excuse the CGT implications...

 

[amaroo]

Some Qantas staff told me that they are buying Qantas shares and I see it’s reported in the news today that Qantas staff are buying shares to save the airline.

Must be true - 18th largest shareholder (2013 annual report) is someone/thing called Alan Joyce Pty Ltd

 

[TheRealTMA]

Must be true - 18th largest shareholder (2013 annual report) is someone/thing called Alan Joyce Pty Ltd

Obviously a pseudonym!

 

[CamDownUnder]

Great Forum enjoyed reading this topic. Does anyone know what number of Qantas shares will buy one entry in the CL club? If at all? Is 45k or 50k.....or a Million ..... If not then back to old entry rules if any exist still. Writing this from the Chicago OHare. View attachment 25301AA lounge

I don't believe any number of shares buys CL access, it's more judged on your perceived 'influence' as a politician, high ranking judge, executive in a company with a big QF travel spend (eg BHP, Macquarie) or a 'celebrity' of sorts.

 

[marki]

So owning 5 % of Qantas shares means nada ? It's influence of sorts.
Anyway I don't want to become a millionaire that quickly!

 

[amaroo]

Obviously a pseudonym!

Wonder if it was/is Carnegie and his merry men - timing is out according to this article Cookies must be enabled. | The Australian

A CONSORTIUM led by tourism boss Geoff Dixon and investor Mark Carnegie that threatened to undermine Qantas's strategy has sold its stake in the airline.
The group sold the stock, representing less than 2 per cent of Qantas, last week, having failed to convince other shareholders to join a push for a change of direction at the company.

 

[TheRealTMA]

Wonder if it was/is Carnegie and his merry men - timing is out according to this article Cookies must be enabled. | The Australian

A CONSORTIUM led by tourism boss Geoff Dixon and investor Mark Carnegie that threatened to undermine Qantas's strategy has sold its stake in the airline.
The group sold the stock, representing less than 2 per cent of Qantas, last week, having failed to convince other shareholders to join a push for a change of direction at the company.

Maybe These folks have been smarting since the previous board with Dixon in charge failed in their bid to flog off Qantas to venture capital and line their own pockets with $100 million of shareholder value as a commission.

 

[Mwenenzi]

Anyway I don't want to become a millionaire that quickly!

How to have a $1 million share investment in airline? Buy $5 million worth of shares (And over history QF is a lot better investment than most world airlines).

 

[amaroo]

Maybe These folks have been smarting since the previous board with Dixon in charge failed in their bid to flog off Qantas to venture capital and line their own pockets with $100 million of shareholder value as a commission.

Reminds me of how Paul Little and his crew from Toll Holdings rubbed salt into the wounds of Chris Corrigan. By naming the spoils of winning the takeover of Patrick after something Corrigan loves.

Asciano Asciano | Asciano was named such as this is the village in Italy where Corrigan has a home. The games of the rich and powerful!

 

[Stacycrow]

Qantas stock trading over $2 today

 

[cove]

Yes this is putting a smile on my face as 97 cents was proven to be an ok buy price.

 

[TheRealTMA]

Qantas stock trading over $2 today

Noice. but bought at 97c and sold at 1.85. Made me smile. Would not touch them at $2.

 

[whatmeworry]

Fundamentally $2 just looks stupid. Too many people buying with sentiment rather then reality.