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QAN, QANTAS AIRWAYS LIMITED
mullokintyre
post Posted: Aug 28 2014, 01:51 PM
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there is a well known saying in the airline industry:
If you want to make a small fortune out of aviation, start with a large one!
Been proven time and time again.
Mick



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sent from my Olivetti Typewriter.
 
balance
post Posted: Aug 28 2014, 11:55 AM
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In Reply To: mjwk's post @ Aug 28 2014, 11:23 AM

I predicted it in conversation recently but without any confidence to act on it.
Awful industry, poorly run company.

There is a lot deck clearing going on with all of that abnormal stuff. The loss was about 650 million without the one off / abnormal items.

I seriously don't know how these guys keep a straight face delivering this rubbish and still be paid a small fortune. mad.gif



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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
mjwk
post Posted: Aug 28 2014, 11:23 AM
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In Reply To: balance's post @ Dec 7 2013, 04:12 PM

Hmm , my wife said to me this morning that The Flying Rat just posted a huge loss. " I bet the share price jumps this morning" I said while sipping my first cuppa and watching the surf pound the beach into submission. Bingo! after fourteen years of tradeing I have almost worked this game out> NOT.

R/MJ



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[font="Arial Black"]Flatout.[/font]

 
balance
post Posted: Dec 7 2013, 04:12 PM
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In Reply To: mercury's post @ Dec 7 2013, 05:29 AM

Merc, it makes not a micro-gram of difference. Symbolic nonsense. He needs to take responsibility and resign not a pay cut.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
mercury
post Posted: Dec 7 2013, 05:29 AM
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Posts: 2,621
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In Reply To: mrbear's post @ Dec 5 2013, 02:09 PM

Buffet once said that buying airlines was asking for trouble. Not wrong.




Joyce, and other CEO's, sometimes make the move to freeze their wages. But when they start so high,

what difference does it really make to their lives.?

Merc




 
mjwk
post Posted: Dec 6 2013, 12:10 PM
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In Reply To: arty's post @ Dec 6 2013, 11:30 AM

No...I will though as next week we are off to Singapore flying Singapore Airlines so I can deliver it to Joyce personaly.



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[font="Arial Black"]Flatout.[/font]

 


arty
post Posted: Dec 6 2013, 11:30 AM
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In Reply To: mjwk's post @ Dec 5 2013, 02:24 PM

Nice trade, Mick.
Did you send them a Thankyou card for waiting with the Trading Halt till AFTER you had taken your profit? biggrin.gif



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
balance
post Posted: Dec 6 2013, 11:11 AM
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In Reply To: balance's post @ Dec 6 2013, 10:35 AM

Junk it is. Earlier than I expected but same result.
Trading will be pretty savage when it reopens.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
balance
post Posted: Dec 6 2013, 10:35 AM
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Posts: 5,535
Thanks: 557


QAN in a trading halt waiting for news from S&P. I can't see anything else but a downgrade. One would think it is going to be very expensive.
Friday afternoon release of bad news after trading hours?

All this just before Christmas. Nice big round number of 1000 jobs. Maximum pressure on the gov't to do "something" and another trigger to justify big cuts, changes and assets sales.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
wolverine
post Posted: Dec 5 2013, 07:59 PM
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Posts: 10,059
Thanks: 878


In Reply To: arty's post @ Nov 28 2013, 02:44 PM

Trinity is no match for an airline stock. mad.gif



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
 


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