QF profit to fall 90% - shares falling

[elbarto]

Re: Qantas Shares in the $1 Bin

Isn't this sort of thing what got us all into this in the first place in 2008? :evil:

Except back then you could sell shares you didn't own. Now if you're shorting a stock it has to be covered in someway. Personally I believe short selling should be been made entirely illegal and trades forced to live by the old adage of buy low, sell high.

 

[cove]

Re: Qantas Shares in the $1 Bin

With a net tangible asset backing of about $2.45 and management believing they will end the year at 100 million profit I think you can see an opportunity to shred the short sellers on a turn. That said it might take longer to smash them but as with all markets no one can predict when the turn will start.

 

[markis10]

Re: Qantas Shares in the $1 Bin

Dixon to come back into play?

And closer to home there is speculation that Qantas' former boss, Geoff Dixon and former finance man, Peter Gregg, along with John Singleton are investigating whether they can capitalise on the low share price to buy a strategic stake or organise something more dramatic. Dixon is part-owner of aviation business Global Aviation Asset Management, along with Singleton, Gregg and the Lieberman family. GAAM was established seven years ago to specialise in aviation leasing. It is headed by Greg Woolley, the former Macquarie banker who led the investment committee behind the failed takeover bid for Qantas by the Airline Partners Australia consortium five years ago.
Dixon revealed last year that he had worked with a group of investors in GAAM on taking a strategic stake in Qantas. The idea never got off the ground because of concerns about global instability. But the group took it seriously enough to organise a line of credit should that change. All they need to do is get TPG or Macquarie or another big player to join them and they would have virtually reassembled the team behind the failed management buyout of Qantas in 2007 at $5.45 a share.


Read more: Predator Qantas on its knees as prey

 

[ChrisCunard]

Joyce is "pissed off" at Boeing:

http://m.theaustralian.com.au/busin...el-playing-field/story-e6frg95x-1226390554580

 

[whatmeworry]

China Southern wants to take more of Qantas's Business!

Cookies must be enabled | Herald Sun

 

[markis10]

Looks like EK and QF are planning a Chinese kiss this weekend in Beijing:

Emirates Airline, the world’s largest carrier by international passenger traffic, will seek deeper ties with Qantas Airways Ltd. (QAN), the Australian company struggling with escalating losses on long-haul routes.
The Dubai-based carrier is examining a “commercial arrangement” with Qantas to benefit from the Australian aviation market while stopping short of an equity stake in the Sydney-based airline, Emirates president Tim Clark said in an interview with Bloomberg Television in Beijing today.
Emirates Seeks Closer Qantas Ties for Australian Growth - Bloomberg

 

[codash1099]

Joyce seems to think that everything is OK

Cookies must be enabled | Herald Sun

 

[cove]

I think of last week as round one of a boxing match. This week will be very interesting to see if Qantas share price gets shredded again!

 

[SeatBackForward]

Up 10% today, I'd be taking that off the shelf if it were me in that position.

 

[Oneworldplus2]

Up 10% today, I'd be taking that off the shelf if it were me in that position.

'Dead cat bounce'?

Crude is also down

[TABLE="width: 100%"]
[TR="class: even, bgcolor: transparent"]
[TD="class: name, bgcolor: #E1E1E1, align: left"]WTI CRUDE FUTURE (USD/bbl.)[/TD]
[TD="class: value, bgcolor: #E1E1E1, align: center"]81.960[/TD]
[TD="class: change value_down, bgcolor: #E1E1E1, align: center"]-0.740[/TD]
[TD="class: change value_down, bgcolor: #E1E1E1, align: center"]-0.89%[/TD]
[/TR]
[/TABLE]

 

[cove]

I love it when short sellers get squeezed and wish to say thank you for letting me buy at 97.

 

[lovestotravel]

My buy order didn't go through

Not happy

 

[eastwest101]

Joyce is "pissed off" at Boeing:

Cookies must be enabled. | The Australian

Just for clarification - I assume AJ was pissed off at Boeing due to the massive delay in the 787 program? I saw another article that quoted AJ saying something about "unbeleivable fuel efficiencies". I assume he is pissed off that the 787 with its efficient running costs isn't available yet, as opposed to not believing the manufacturer about the fuel usage figures of the 787.

Some of the aviation articles seem so poorly written that you could almost draw several different interpretations from the text of the story.

 

[simongr]

I read that it was explicit that the delays were the issue.

 

[Oneworldplus2]

QF has hired the Big Mac to fend off any potential takeovers.

Top Headlines: Qantas Prepares Takeover Defense: Video - Bloomberg



Qantas prepares for hostile takeover bids

Qantas is preparing its defences for a prolonged destabilisation strategy in the event that a hostile consortium of private investors buys a cornerstone stake in the airline.
Speculation a consortium led by Qantas’s former boss, Geoff Dixon, is again eyeing the airline has been sparked by the collapse last week in the airline’s share price following a shock profit downgrade due to large losses in its long-haul operations.

Qantas wary of takeovers as Emirates eyes tie-up | News.com.au

THE head of global aviation powerhouse Emirates has confirmed the airline has reached out to Qantas Airways about a commercial partnership.

This comes as Qantas has confirmed a media report which said the airline had appointed Macquarie Group and set up an internal taskforce to monitor potential takeover attempts from other parties.

 

[Pleb Status]

A very smart move by AJ to 'suggest' a possible takeover to move the share price north. Nice and legal as he really said nothing.

I think it will be a short term reprieve for QF shareholders however.

If AJ was announce his resignation, that would move the share price up by 15-20% IMHO.

 

[markis10]

I love it when short sellers get squeezed and wish to say thank you for letting me buy at 97.

Up to 1.12 this morning, nice annualised return if you sold, although CGT would bite.

 

[DrAndyC]

Well Ive been buying. I think it is seriously undervalued. (I may eat these words later....)

 

[rechoboam]

Any comms will be to the ASX, and public.

AJ does worry about the share price. When he heard that a plane [qf32 as it turned out] may have gone down who did he call first?

Who?


........,,..

 

[Must...Fly!]

Who?


........,,..

before anyone in the public knew exactly what happened the engine cover ended up on bantam in indonesia and soon the picture was on twitter

people assumed the worst and started selling off straight away, stock went down pretty quick and that was the first aj knew of what had happened, iirc. quickly halted.