Latest news with #QantasAirways'
The Age
7 days ago
- Business
- The Age
Virgin Australia gets $685m IPO ready for lift-off amid strong investor demand
Virgin Australia has kicked off its return to the Australian sharemarket after and absence of more than four years, with bankers offering shares in the airline to investors at $2.90 apiece for its much-anticipated listing on the ASX. Private equity owner Bain Capital will sell close to 30 per cent of Qantas Airways' biggest rival, expecting to raise $685 million via the initial public offering. The $2.90 price tag for the stock represents a multiple of seven times the airline's expected earnings this financial year, the firm said in its pitch to sharemarket investors. Market sources said the joint lead managers of the offering believed demand from domestic and global anchor investors was 'well in excess of the offer size prior to opening of the bookbuild'. It's unclear when the stock will start trading on the ASX. The IPO represents the culmination of years of waiting for the listing of the airline. Bain Capital bought the then struggling airline in 2020, taking it off the sharemarket after it had been placed in administration, facing soaring costs and the impact of the COVID-19 shutdown on travel.
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
Virgin Australia gets $685m IPO ready for lift-off amid strong investor demand
Virgin Australia has kicked off its return to the Australian sharemarket after and absence of more than four years, with bankers offering shares in the airline to investors at $2.90 apiece for its much-anticipated listing on the ASX. Private equity owner Bain Capital will sell close to 30 per cent of Qantas Airways' biggest rival, expecting to raise $685 million via the initial public offering. The $2.90 price tag for the stock represents a multiple of seven times the airline's expected earnings this financial year, the firm said in its pitch to sharemarket investors. Market sources said the joint lead managers of the offering believed demand from domestic and global anchor investors was 'well in excess of the offer size prior to opening of the bookbuild'. It's unclear when the stock will start trading on the ASX. The IPO represents the culmination of years of waiting for the listing of the airline. Bain Capital bought the then struggling airline in 2020, taking it off the sharemarket after it had been placed in administration, facing soaring costs and the impact of the COVID-19 shutdown on travel.
Yahoo
25-04-2025
- Business
- Yahoo
Qantas Airways Limited (ASX:QAN) most popular amongst retail investors who own 60% of the shares, institutions hold 39%
The considerable ownership by retail investors in Qantas Airways indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 36% ownership 39% of Qantas Airways is held by Institutions Our free stock report includes 2 warning signs investors should be aware of before investing in Qantas Airways. Read for free now. If you want to know who really controls Qantas Airways Limited (ASX:QAN), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 60% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And institutions on the other hand have a 39% ownership in the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Let's take a closer look to see what the different types of shareholders can tell us about Qantas Airways. View our latest analysis for Qantas Airways Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Qantas Airways. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Qantas Airways' earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Qantas Airways. Looking at our data, we can see that the largest shareholder is State Street Global Advisors, Inc. with 7.5% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 5.6% of common stock, and L1 Capital Pty. Limited holds about 5.1% of the company stock. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our data suggests that insiders own under 1% of Qantas Airways Limited in their own names. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own AU$44m worth of shares (at current prices). Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. The general public -- including retail investors -- own 60% of Qantas Airways. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio. It's always worth thinking about the different groups who own shares in a company. But to understand Qantas Airways better, we need to consider many other factors. For instance, we've identified 2 warning signs for Qantas Airways that you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Qantas Airways (ASX:QAN) jumps 4.1% this week, though earnings growth is still tracking behind five-year shareholder returns
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, you can make far more than 100% on a really good stock. Long term Qantas Airways Limited (ASX:QAN) shareholders would be well aware of this, since the stock is up 208% in five years. In the last week the share price is up 4.1%. Since it's been a strong week for Qantas Airways shareholders, let's have a look at trend of the longer term fundamentals. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During the last half decade, Qantas Airways became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Qantas Airways' earnings, revenue and cash flow. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Qantas Airways' TSR for the last 5 years was 216%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. It's good to see that Qantas Airways has rewarded shareholders with a total shareholder return of 77% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 26% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 2 warning signs for Qantas Airways that you should be aware of before investing here. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Express Tribune
21-03-2025
- Express Tribune
Indonesian Mount Lewotobi Laki-Laki erupts, sending ash cloud 8km high
Mount Lewotobi Laki-Laki spews ash and smoke during an eruption as seen from Lewolaga village in Titihena, East Nusa Tenggara, on November 13, 2024 [Arnold Welianto/AFP] Listen to article An eruption from Indonesia's Mount Lewotobi Laki-Laki volcano on Thursday night sent a massive ash cloud more than 8km (5 miles) into the sky, disrupting air travel and raising emergency alerts to their highest level for locals and tourists in the region. The eruption began at 10:56pm local time (14:56 GMT) on Thursday and was observed to produce a thick grey-to-black ash column. The eruption, originating in the southeastern part of Flores Island, caused a flight disruption, particularly from Jetstar, Australia's Qantas Airways' low-cost subsidiary, which cancelled flights to Bali due to the volcanic ash. While flights were expected to resume by Friday afternoon, seven international flights and several domestic routes at Bali's airport had already been cancelled or delayed. The Indonesian Center for Volcanology and Geological Disaster Mitigation issued a warning for residents and visitors in the southwest and northeast sectors of the eruption's radius, advising against any activities within 7-8km (4.4-5 miles) of the volcano. The agency also warned of potential volcanic mudflows in the region due to the heavy rainfall in the area. Despite the widespread disruptions, there have been no immediate reports of damage to nearby villages. However, the eruption prompted the country's geological agency to raise the volcano's alert level to the highest, in a four-tiered system used for such emergencies. The eruption of Lewotobi Laki-Laki follows a deadly event in November 2024 when the volcano killed at least 10 people and displaced thousands of residents. After Thursday's eruption, a tsunami warning was briefly issued by the Japan Meteorological Agency, though it was later lifted as the situation did not result in a tsunami. The ongoing eruption and the disruption to flights highlight the volatile nature of Indonesia's numerous active volcanoes, as authorities continue to monitor the situation closely.
