Australian (ASX) Stock Market Forum

QAN - Qantas takeover by MBL

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I do not know why big investo like MBL, AFG can not start everything from beginning and try again?
If they can, why they are loser in the end? :confused: er?
 
shinobi346 said:
This is marvelous news. I might buy some more on tuesday just to hold more to prevent it falling into APAs hands if they intend to make another offer.
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A fascinating suggestion. How many shares are you considering buying in this $11 billion company to prevent it falling into APA's hands?
 
Julia said:
A fascinating suggestion. How many shares are you considering buying in this $11 billion company to prevent it falling into APA's hands?
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We've got got an appointment with MBL tomorrow, to see if they will fund us for a 50% stake. We're 100% in (with their money)...
 
Qantas is about to trade again in a couple of minutes.

Good luck to all holders, not sure what will happen...:eek:
 
Unbelievable!

Opened up $5.14/ $5.15

I would have to think it is a short prospect at these levels, why hasn't it tanked? :confused:
 
As at 11.30am, 89,156,060 shares had traded hands.

(That equates to $463 million at $5.20)

Given a market cap of $10,679 million and a current share price of $5.20. Doesn't that mean that about 4.3% of the shares available have already traded today?

Pity the private equity people couldn't get that sort of sale action! :rolleyes:

Wonder how long that price will remain so that the overseas hedge funds can bail out.

Will be interested to see what institutions have bought in.
 
I'm guessing there's still some hope of a renewed bid, and a renewed bid would have to be a couple of $$ higher to get off the ground. Not to mention the profit upgrades and current optimism in the airline industry in general.

My shares are still stuck in the 'reserved units' column so I guess I can't trade them yet anyway.

I've held them for only about 9 months, (one of my better buys) so I'm up for a big tax bill if I sell out now.... wonder if I can hold out for another 3 months???

Baz
 
I reckon it is being manipulated to hell. I'm sure a bigger fall will come once the big funds are satisfied.
 
Kimosabi said:
We've got got an appointment with MBL tomorrow, to see if they will fund us for a 50% stake. We're 100% in (with their money)...
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Well, I'm sure I don't even need to wish you luck, Kimosabi. They will jump at the chance to grab you!
 
Gundini said:
Unbelievable!

Opened up $5.14/ $5.15

I would have to think it is a short prospect at these levels, why hasn't it tanked? :confused:
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Yes, this is hard to understand. Especially since AFG and MBL have been much more sold off, both yesterday and again today.
 
Gundini said:
Unbelievable!

Opened up $5.14/ $5.15

I would have to think it is a short prospect at these levels, why hasn't it tanked? :confused:
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With the combined ann of; APA will not renew the bid and are looking else-where; and Ms Jacksons resignation/retirement; you would think the level of uncertainty surrounding this stock is such that it is a standout shorting opportunity (in the short term, 1-2 weeks) with the indicated open around $5.25 this morning.
 
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