RedQ or Red Herring?

[nlagalle]

The bungle to which I refer is not the grounding of the airline, but the lack of prior disclosure required to be given to the ASX regarding the grounding.

By the way, and this is to both yourself and JohnPhelan, everything posted on this entire forum is somebody's opinion. Shocking, but true (the last phrase wasn't an opinion, just in case you were wondering).

Where is required to notify the ASX? I dont recall reading anywhere that it had to be done, and moreso who would have been working at the ASX on the weekend?

I don't see the ASX taking action?

 

[medhead]

Where is required to notify the ASX? I dont recall reading anywhere that it had to be done, and moreso who would have been working at the ASX on the weekend?

I don't see the ASX taking action?

All companies are required to ensure there is a fully informed market (or something like that). They are required, at least by listing rules, to report all share price sensitive information, immediately/ASAP, to avoid a market trading while uninformed. Or something like that, hopefully you get the gist.


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

 

[nlagalle]

All companies are required to ensure there is a fully informed market (or something like that). They are required, at least by listing rules, to report all share price sensitive information, immediately/ASAP, to avoid a market trading while uninformed. Or something like that, hopefully you get the gist.


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

I got all of that. My point was it is a Saturday afternoon when it happened and the market was closed. So I fail to see how you can inform the ASX when the office is shut, so to speak.

 

[amaroo]

All companies are required to ensure there is a fully informed market (or something like that). They are required, at least by listing rules, to report all share price sensitive information, immediately/ASAP, to avoid a market trading while uninformed. Or something like that, hopefully you get the gist.


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

At a guess, I'd say the timing, manner & detail provided by QF to all relevant authorities - must have fell into the "something like that" category.

Seems like all parties that are involved are moving onto the next stage and it's business as usual.

 

[medhead]

I got all of that. My point was it is a Saturday afternoon when it happened and the market was closed. So I fail to see how you can inform the ASX when the office is shut, so to speak.

This is why the timing of the decision is important and why the pre-planned issue has been raised. If the final decision was made on Friday while the market was trading.....

Anyway, Ignoring the timing issue, I believe a media release on saturday would be considered adequate notice.

At a guess, I'd say the timing, manner & detail provided by QF to all relevant authorities - must have fell into the "something like that" category.

Seems like all parties that are involved are moving onto the next stage and it's business as usual.

Agreed. Just outlining the issues involved from a theoretical POV. It's gotta be a really hard case to pursue, hence everyone has moved.


Sent from my iPhone using Aust Freq Fly app so please excuse the lack of links.

 

[drron]

My grandfather predicted the Great Depression and my great-grandfather knew with the Wright brothers

Very witty!

I dont think QF have access to the RedQ plans either......but on a serious note, this is not to time (and it hasnt been for years!) to be placing a multibillion dollar bet on a new airline in a market that you do not understand. You dont need to be the RBA chief, the treasurer or a stockbroker to work that out!

The problem with your argument is that Mr Stevens,Mr Swan and many stockbrokers have been saying very frequently that things are fine and Australia and China are different.Like you I do not believe them but many have.

I hope you're not holding up Wayne Swan to support your position. With some of the mutterings going on about raw material demand into China, I feel that they are shakey ground for our economic foundations. (yes I'm not convinced about the future of the china boom)

The last person I would have thought not to pick up on sarcasm.

I was with you right up until I read the words Wayne Swan......then you lost me

Now,now.You will give me a bad name.

Pretty much everyone has. Yet you simultaneously argue: So you're saying that a coming downturn in the world economy was obvious but that you could hardly expect Alan Joyce to have factored it in? I am actually interested in your answer to the direct question i asked above. There may well be a perfectly good alternative explanation but i genuinely can't think of it.

I'm saying I expected the down turn but many including those I named at least publicly did not.I did not think my point was that difficult to understand.Any way I am now in the Land of the Long Grey Cloud.And by the way the Jetconnect crew were the best I have met on a plane with the roo on the tail for some time.Signing off.

 

[medhead]

The last person I would have thought not to pick up on sarcasm.

I feel that I could say the same.

 

[drron]

I feel that I could say the same.

My smilies are not working consistently again.

 

[medhead]

My smilies are not working consistently again.

No? and I probably used the wrong one, again.

 

[rechoboam]

I disagree. You cannot roster your crew based on the ethnic mix of passengers you expect to have on a flight. On flights to Japan for example, it would be wise to have Japanese speakers. On flights to Germany, it would be wise to have German speakers. On flights to America, it would be wise to have English speakers.

Using your model would only encourage the use of foreign based crews for all flights as youd get 2 or 3 for the price of 1 local staff member. there would be no financial incentive to retain local staff and that does not in any way shape or form sit well with me.

I actually really dislike how AA make announcements in Spanish. If you live in an english speaking country, you ought to speak english. Its YOUR responsibility to know the official language of the country in which you reside. Whats next? Safety announcements in 50 languages to cater to every minority group? Give me a break.

If you live in an English speaking- well that's the issue, even my recent brief trip to the US showed clearly that the US is an English AND Spanish speaking country.

 

[smit0847]

And this article from sister paper, The Age:
Joyce burrows away quietly to get into Asia

seems to be a very rushed retrospect attempt by the journalist (via his colleague) to put the cat back in the bag.........at least until the disclosure to the ASX is made. Fairfax must have really hung their source out to dry, so needed to quickly make amends.

Twice now AJ's team has made this bungle (if it is indeed a bungle). They also did it when they did not disclose that they were going to shut down the airline. The rules regarding ASX disclosure for Qantas must really irritate AJ.

This article is very weird - suggesting that RedQ in KL will replace most of Qantas international with flights to LHR etc rather than being a ultra-premium mid-haul airline targeting Asian travellers rather than traditional Qantas customers.

I know Singapore is going to be almost impossible to use as a base because of SIA but there is something about KUL that just makes me feel like its the wrong choice. I guess I just dont think 'premium' when I think KUL whereas I do when I think SIN?

 

[el_rooto]

This article is very weird - suggesting that RedQ in KL will replace most of Qantas international with flights to LHR etc rather than being a ultra-premium mid-haul airline targeting Asian travellers rather than traditional Qantas customers.

I know Singapore is going to be almost impossible to use as a base because of SIA but there is something about KUL that just makes me feel like its the wrong choice. I guess I just dont think 'premium' when I think KUL whereas I do when I think SIN?

That was always going to be a part of the strategy as far as I know.

 

[ajw373]

That was always going to be a part of the strategy as far as I know.

Hardly, the fleet they are planning to use are A320's, so no good for long haul to Europe.

 

[smit0847]

That was always going to be a part of the strategy as far as I know.

For Qantas's new mid-haul ultra-premium airline targeted at ferrying rich Asians around Asia to replace Qantas international? Umm, source? I can see QF international one day cutting back its intl services to just LHR and LAX but I doubt it will ever give up either of these routes to what Australians perceive to be an Asian airline.