QANTAS being taken over by Macquarie Bank..

[Shano]

Qantas could be worth up to $17 billion... according to a briefing note by Macquarie Research Equities.....[from SMH]

Interesting that shares are currently trading at $5.39

 

[NM]

Interesting that shares are currently trading at $5.39

And closed at a high of $5.42 on a very significant turnover today.

 

[serfty]

of course $5.60 was enough ... Qantas is in a segment of the market that does not move very much regardless of what occurs in the wider market. shares fell 19% following the bid falling through ... that tells you that the offer was right. people/hedge funds mainly were greedy and too smart for their own good here. Qantas ain't that good a stock.

watch the share price go back down to 3-4 bucks over the next little while.

$3-$4, not yet ...

I have an associate who was mightily P*ssed off when the bid collapsed, she has accepted with her significant holding at day one and had already counted the book profit and relevant tax minimization strategies.

At $5.42 she is currently reassessing her Qantas stock sale strategies.

 

[mabunji]

Qantas could be worth up to $17 billion... according to a briefing note by Macquarie Research Equities.....[from SMH]

Interesting that shares are currently trading at $5.39

This is no different from having the Real Estate Agent put a value on your property. Doubtless, if pushed, they could justify their very flattering valuation. Ultimately the true value of your property is only determined by what the market will pay.

APA valued Qantas at $5.50 per share. Her Maj held her nerve, put on her best pokerface and extracted a further 10c. For 5 months Qantas was on the market - there were no other interested suitors.

 

[mabunji]

$3-$4, not yet ...

I have an associate who was mightily P*ssed off when the bid collapsed, she has accepted with her significant holding at day one and had already counted the book profit and relevant tax minimization strategies.

At $5.42 she is currently reassessing her Qantas stock sale strategies.

There is speculation that Qantas will return $2bn to investors. There is speculation that Geoff Dixon will adopt further cost-cutting (including Qantas wet leasing aircraft from Jetstar). This speculation will always support the share price.

Many institutions purchased Qantas around the $5.35/$5.38 mark with the intention of sitting as a minority shareholder (until the 'mop up' bid was launched to give APA full control). Having purchased at this price there is nothing to be gained from dumping the stock on the market at present. We are 6 weeks from financial year end (when the fund managers have their bonuses calculated) - why would you book a loss at this stage ?.

 

[JohnK]

Who do you believe? Maybe they are both right. Qantas thinks their foreign shareholding remained below 49% yet Link Market Services advises that it was just below 50%.

Qantas Statement on Foreign Shareholding Level

Sydney, 30 May 2007

The Chief Executive Officer of Qantas Airways, Mr Geoff Dixon, said today Qantas believed the level of foreign shareholding in the company was below the regulatory requirement of 49 per cent.

Mr Dixon said Qantas had experienced massive turnover in its shares during and after the close of the takeover bid by Airline Partners Australia, making reconciliation of its shareholding, despite extensive monitoring, extremely difficult.

"A reconciliation was commenced on 4 May and we were advised yesterday by Link Market Services, our share registry, that the foreign shareholding at that date was just below 50 per cent.

"However, some 55 per cent of Qantas shares have traded since 4 May and Link Market Services believes this figure may already be out of date," Mr Dixon said.

More...

 

[bambbbam2]

watch the share price go back down to 3-4 bucks over the next little while.

Sorry to drag up an old thread, but QAN closed today at 3.69..