QF back to profitablity and what do I get in mail? Share buyback.

[AustraliaPoochie]

Yes, this has been done in the past, and yes, I own a very small parcel, but the good thing of past years, back up to 2009, was that QF shareholdings paid out a dividend.
Sorry if this has been started today, but of those of you with small shareholdings in QF, do you plan to keep the shares you hold?
Or sell now and make a small return on "as of now-dead (non paying dividend) shares"?
I am keeping onto mine.

 

[Spongbob]

Yes, this has been done in the past, and yes, I own a very small parcel, but the good thing of past years, back up to 2009, was that QF shareholdings paid out a dividend.
Sorry if this has been started today, but of those of you with small shareholdings in QF, do you plan to keep the shares you hold?
Or sell now and make a small return on "as of now-dead (non paying dividend) shares"?
I am keeping onto mine.

Does this mean you expect the value of your parcel of QAN to increase to $500?

 

[samh004]

I don't own shares, but a relatively small dividend isn't always the best idea for a company to share profitability its and I don't think it is the case with Qantas. Better they clear debt/reinvest than give money to the shareholders at this time.

 

[RooFlyer]

If I held shares, I would look at:

* What's the buy-back price in relation to a) the price the day before the announcement and b) the price you paid?
* What are the analyst's predicting for divvies in the next 5 years?

* If I sell and make a capital loss, can I use that capital loss?
* if I see, is there an alternative investment for the proceeds?

 

[Spongbob]

My understanding is the QAN buyback is for parcels of shares that cannot be sold on the ASX as they have a value below $500. If you bought the shares at circa $1.00, well it would be a good deal. If you bought them at circa $4.00, then not a good deal (except for the tax implications). The other issue is how else can one dispose of a very small parcel of shares (with QAN now at $3.00, the parcel would be about 165 shares or fewer)?

 

[Mr_Orange]

It's actually very easy to buy and sell small numbers of shares on ASX. You just use CommSec or some other equivalent broker.

Of course, the smaller the number of shares, the more the brokerage affects your cost base.

 

[under the radar]

I don't own shares, but a relatively small dividend isn't always the best idea for a company to share profitability its and I don't think it is the case with Qantas. Better they clear debt/reinvest than give money to the shareholders at this time.

i do have shares...and i agree

 

[moa999]

It saves the shareholder money - no brokerage ($20-50 depending on who you use).

It saves Qantas money - ASX fees, registrar fees (printing, postage etc for notices, annual reports, dividends (when the get back to paying them))

 

[AustraliaPoochie]

Mine were bought in the good old days, $4/$5 mark, many years ago ***I think***.
Etrade will show, but I am a lazy pooch to chase that side up.
They haven't paid out a dividend since 2009, and I have not got an interim or final statement, so QF shareholder services at Locked Bag A14 would not have spent any $ on my behalf for yonks.
One option is to sell.
But I will wait and see, as they can't even say how much the shares will sell for, blurb says prices will depend on various factors.
Don't need the money.
Ok, back to your "real life" non airy fairy discussion.

 

[love_the_life]

We sold out our Qantas shares years ago. I think we made money on them from memory but it seems that's not the case now for many. Pretty sure we got them at the initial release. I certainly don't miss having them.

 

[Supersonic Swinger]

Bob Crandall, former American Airlines CEO: "I've never invested in any airline. I'm an airline manager. I don't invest in airlines. And I always said to the employees of American, 'This is not an appropriate investment. It's a great place to work and it's a great company that does important work. But airlines are not an investment.'"

 

[moa999]

Always had the view that most employee are already 'long' their employee and should invest elsewhere.

Also prevents an risk of accusations of inside information.

 

[NM]

Bob Crandall, former American Airlines CEO: "I've never invested in any airline. I'm an airline manager. I don't invest in airlines. And I always said to the employees of American, 'This is not an appropriate investment. It's a great place to work and it's a great company that does important work. But airlines are not an investment.'"

And as someone else once said (no idea who) - if you want end up with a small fortune from investing in airlines, just start out with a big fortune.

 

[trippin_the_rift]

Never invest in anything you don't fully understand.
I'd rather invest in myself. Returns are higher, come faster and more often.

 

[TheRealTMA]

Never invest in anything you don't fully understand.
I'd rather invest in myself. Returns are higher, come faster and more often.

Planning to float soon ?

 

[TheRealTMA]

Bob Crandall, former American Airlines CEO: "I've never invested in any airline. I'm an airline manager. I don't invest in airlines. And I always said to the employees of American, 'This is not an appropriate investment. It's a great place to work and it's a great company that does important work. But airlines are not an investment.'"

So a 300% return in 6 months is to be avoided because of what - Good judgement?

 

[moa999]

Albeit all the airlines share price are effectively the same as a short oil position.

About the only airline struggling at the moment seems to be Air Asia with stock price at lows since listing and rumours in the press about it needing cash

 

[AustraliaPoochie]

Grr, QF is doing another buy back.
It seems that in the end, QF will not have any small investors anymore.
In todays Adelaide Advertiser, AJ has authorised another share buy back, ala 2018, on 2017 FY results.
Bugger, 165 to 155 to zero soon.
Don't want to open another thread.

 

[moa999]

Was interesting in the 1H report that they've bought back almost 1/4 of shares on issue since 2015.

Share price has gone up over that time so it's been a good strategy.

 

[codash1099]

Grr, QF is doing another buy back.
It seems that in the end, QF will not have any small investors anymore.
In todays Adelaide Advertiser, AJ has authorised another share buy back, ala 2018, on 2017 FY results.
Bugger, 165 to 155 to zero soon.
Don't want to open another thread.

If this article is on the money, maybe selling into the buyback is a good idea!

‘Sweating an aircraft fleet can prove devastating in the long-run’