Almost 52,000 shareholders, and excluding the Govt, means the average holding is 10,400 - and that is counting all the Sharsies as one holder.
Agree, hammer time is coming. Not like they didn't know it was going to happen.......
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Yes you can bet your last dollar they will try and "sell the sizzle" with all sorts of references to "revive and thrive"...probably the investment banking teams are going through this online thesaurus as we speak working out how many different ways they can say the same thing www.thesaurus.com without being too obvious about it. Any forecast will contain more fine print caveats than the Russell McVeagh library has law books explaining the term.
its about to become a plane wreck....
millions of shares on order ... are they all covering shorts or just unaware?
Jeez Foran was like an excited kid on the TV news just now
Super excited about NY and how bright the future looks ..... think that is what he said ....but he was beaming
I'd not be surprised if Ed Sim is named the next CEO if Greg choose to retire after this mess is all over.
Has there ever been a more widely announced shareholder capital cremation? Perhaps we've missed the point, like maybe the government just loans them another Bill or so at some extortionate % with another Bill if required. Debt/interest repayments replace dividends, to govt. Airline recovers eventually. Shareholders not too badly capital screwed, but don't expect dividends for a long time.
" shareholder capital cremation?"
brilliant !
yes loans would actually be the way to go; sell some bonds to the reserve bank...
I feel sorry for Greg. What was it - in charge for 2 days before Covid hit? Seems like a good bloke, was well regarded at Walmart, but got hit by the proverbial (air)bus. Always in hindsight might have done things differently, but unprecedented situation.
Hope he sticks around for a while, and would be interested to see how he goes "situation normal-ish".
Yeah, I think he was doing the informal rounds, meet and greet of senior staff a few days before it hit and he formally took up his role.
Talk about getting a "hospital pass' but I agree that top his credit he's carried the ball well as anyone could have been expected too in these extraordinary times.
I also loved Baa Baa's "capital cremation" comment, absolute classic.