QF now the 13th most distrusted brand in Australia (Roy Morgan)

[prozac]

https://www.qantasnewsroom.com.au/media-releases/announcement-on-qantas-ceo-succession/

AJ gone!

The board have only done this to save their own necks come the AGM in 2 months. What about the chair who green-lighted the sale of the CEO's shares?

 

[Quickstatus]

AJ gone!

Not yet , he leaves on Wednesday.
Will VH change the culture in the Ivory tower at 10 Bourke St?

 

[jrfsp]

Not yet , he leaves on Wednesday.
Will VH change the culture in the Ivory tower at 10 Bourke St?

There might be impromptu celebrations happening at QF facilities……. (I doubt SYD HQ)
Says a lot about the culture when the staff are actively celebrating his departure

 

[oz_mark]

Not yet , he leaves on Wednesday.
Will VH change the culture in the Ivory tower at 10 Bourke St?

Well, today. Vanessa Hudson is CEO tomorrow (Wednesday)

 

[Quickstatus]

Well, today

Does it mean at 17:00 today or 07:59 tomorrow
A CEO's job is 24/7

 

[prozac]

Does it mean at 17:00 today or 07:59 tomorrow
A CEO's job is 24/7

Then maybe it means 1159, or 0001

 

[RooFlyer]

With Elvis leaving the building, they got a share price rise, but it's looking like a dead cat bounce.

 

[prozac]

With Elvis leaving the building, they got a share price rise, but it's looking like a dead cat bounce.

View attachment 342591

View attachment 342592

The trend is your friend and this looks like it will continue.
I suspect the big investors are talking with the chairman and he will be out before the AGM. With Vanessa Hudson up for re-election at the AGM I think she will have the shortest tenure of any QAN CEO. No price rise until at least one of these eventuates imo.

 

[DC3]

I recall that an AFFer bought Qantas shares @ $1 each a few years back. How good is he?

 

[RooFlyer]

I recall that an AFFer bought Qantas shares @ $1 each a few years back. How good is he?

Depends when they sell . If I was them, I'd sell now; I don't think there are going to be any dividends anytime soon.

 

[RooFlyer]

Oh, and the view from a fund manager, from The Oz on-line:

“We put a sell on Qantas at $6.40 for a simple reason, every time you fly them you see the service is cough and the airfares are expensive,” said Mr Aitken."

Can't argue with that. $6.40 would have been a very good place to bail out.

 

[prozac]

Oh, and the view from a fund manager, from The Oz on-line:



Can't argue with that. $6.40 would have been a very good place to bail out.

Only time I ever hit the apex was AMP. I sold at the high for the day/year, $21 odd, after which it dove for the ocean floor. Stockbroker goaded me if I was so smart pick the buy back price. Being coughy I bought back in at $9 odd. Bugga.
But yeah, $6.40 would have been nice if you were the AFF fella who bought at $1.

 

[serfty]

I recall that an AFFer bought Qantas shares @ $1 each a few years back. How good is he?

My last share purchase was Qantas, a significant number at 95cents. Sold half when they reached $2 and the rest some years later when I completely exited the share market for good.

I doubt I'll ever match that one.

 

[Gold Member]

Wasn’t there a “let’s all buy Qantas shares” yonks ago?

We need a new thread for “Let’s all sell Qantas shares”.

 

[serfty]

Wasn’t there a “let’s all buy Qantas shares” yonks ago?

We need a new thread for “Let’s all sell Qantas shares”.

Thread 'Let's Buy Qantas Shares' Let's Buy Qantas Shares

 

[Gold Member]

Thread 'Let's Buy Qantas Shares' Let's Buy Qantas Shares

Cheers Serfty.

Seems like Stacy Crow was crowing about Qantas back then too

 

[Captain Halliday]

The trend is your friend and this looks like it will continue.
I suspect the big investors are talking with the chairman and he will be out before the AGM. With Vanessa Hudson up for re-election at the AGM I think she will have the shortest tenure of any QAN CEO. No price rise until at least one of these eventuates imo.

Isn’t it only the NEDs up for election? And only a third of them (roughly).

VH has a board seat a CEO, unless QF operates differently to other ASX listed companies.

 

[prozac]

Isn’t it only the NEDs up for election? And only a third of them (roughly).

VH has a board seat a CEO, unless QF operates differently to other ASX listed companies.

My mistake, you are correct, however I understand Ms Hudson will stand for election at the AGM, not re-election.
However good she might be she was still a member of a board that allowed a scandal to unfold.