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a6et
Chief Commissioner
Joined: Aug 13, 2006
Last Visited: Aug 29, 2008
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Posted: Wed Jul 16, 2008 6:48 pm
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| KRviator wrote: | | long end wrote: | The knives have come out last few days at pacific national there is blood on the floor ,it is rumoured 260 middle managers have gone or going by friday they gutted the management ,there only 4 business groups and no separate management groups all business groups have to be self sufficient,,also talk there will be business group to be partly or completely sold off
cheers |
I don't often believe rumours, but in this case, I do. Mark Rowstrom (sp?) sent out an email to everybody by mistake and got the helpdesk to "recall" it. I don't remember too much about its' content, but it did talk about different business stratigies along the lines of the above. There's also been a half-dozen or so middle managers get the bullet up here this week. They were simply told they're now redundant, pack your things.
But if they really want to save money, listen to the crews. We whinge and complain about operational inefficiencies all day. We're the ones that have to do the hard yards to cover the mistakes of those we report to. And make people accountable for their mistakes. |
AAHH!!, 4 months short of being off the job 20 years, & it all seems like yesterday reading this stuff. I wonder if Bob Dylan could pen a song something along the lines of "the times the're never a changing"?
Never knew any of the biggies that came after McCusker from Universities to even remotely consider that someone without that paper experience could know anything.
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bobcarey
Assistant Commissioner
Joined: Jun 19, 2004
Last Visited: Aug 13, 2008
Location: offrail
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Posted: Wed Jul 16, 2008 8:37 pm
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Record Botany trade, but rail links need work: Rowsthorn . This is the Asciano chairman , touting for more Port Botany rail container traffic, in ATN news yesterday.
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arctic
Junior Train Controller
Joined: Apr 26, 2006
Last Visited: Aug 28, 2008
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Posted: Fri Aug 01, 2008 8:11 am
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| ParkesHub wrote: | | Down to A$2.79 at close today. |
Should have bought it there, as its now back above $4, on the back of rails advantage on carbon emissions.
http://business.theage.com.au/business/ascianos-sharp-rise-traced-back-to-garnaut-20080731-3o0q.html
which in part says:
| Quote: | Rowsthorn issued a press release on July 14, the day before Asciano shares began an upward climb, that stated: "While freight transport was not specifically addressed in Professor Garnaut's draft report, we expect that his supplementary report will make specific comment on policies necessary to correct market failures in the transport sector and recommend an increase in the use of rail."
Rowsthorn himself was bullish about the opportunities for Asciano.
"Right now transport is responsible for 14% of Australia's greenhouse gas emissions," he said. "Rail uses two-thirds less fuel than road per tonne of goods carried and is three times more environmentally efficient. These statistics alone make it impossible for Professor Garnaut to ignore a rail solution in his review. With Australia's freight task expected to double over the next 20 years, we need to have the capacity to handle this growth and also be prepared for an increase in rail mode share."
Plenty of industries have complained about the potential impact of the Garnaut review on their bottom lines. Maybe Asciano investors are enjoying a happy repricing. |
So as much as RP inhabitants love to hate him, the interests do align from time to time. 
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Aug 27, 2008
Location: dot AU
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Posted: Fri Aug 01, 2008 8:46 am
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I also note the oil price is dropping too.
Container business is growing at a compound rate of 10% PA and not looking to slow.
Anyone into shares, knowing the potential of Asciano, having the available funds and not buying them when they went sub $3 is a fool. I just wish I had more funds when it happened.
The main thing is I'm now back in front. I got them sub $4.
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ParkesHub
Chief Commissioner
Joined: Jul 29, 2003
Last Visited: Aug 29, 2008
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Posted: Fri Aug 01, 2008 10:49 am
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| arctic wrote: | | ParkesHub wrote: | | Down to A$2.79 at close today. |
Should have bought it there, as its now back above $4, on the back of rails advantage on carbon emissions.
http://business.theage.com.au/business/ascianos-sharp-rise-traced-back-to-garnaut-20080731-3o0q.html
which in part says:
| Quote: | Rowsthorn issued a press release on July 14, the day before Asciano shares began an upward climb, that stated: "While freight transport was not specifically addressed in Professor Garnaut's draft report, we expect that his supplementary report will make specific comment on policies necessary to correct market failures in the transport sector and recommend an increase in the use of rail."
Rowsthorn himself was bullish about the opportunities for Asciano.
"Right now transport is responsible for 14% of Australia's greenhouse gas emissions," he said. "Rail uses two-thirds less fuel than road per tonne of goods carried and is three times more environmentally efficient. These statistics alone make it impossible for Professor Garnaut to ignore a rail solution in his review. With Australia's freight task expected to double over the next 20 years, we need to have the capacity to handle this growth and also be prepared for an increase in rail mode share."
Plenty of industries have complained about the potential impact of the Garnaut review on their bottom lines. Maybe Asciano investors are enjoying a happy repricing. |
So as much as RP inhabitants love to hate him, the interests do align from time to time. |
Yes, I read that. And it's easy to agree with his views on rail -vs - road.
I read a quote from a Class 1 railroad exec who says (claims) that a freight train can move 1 tonne of freight 426 miles on 1 US gallon of diesel. Hmmm???
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DalyWaters
Deputy Commissioner
Joined: Oct 31, 2006
Last Visited: Aug 27, 2008
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Posted: Fri Aug 01, 2008 1:04 pm
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| Quote: | | Anyone into shares, knowing the potential of Asciano, having the available funds and not buying them when they went sub $3 is a fool. I just wish I had more funds when it happened. |
Short term statements are causing share prices to go all over the place at the moment.
Don't forget Asciano have $5 billion of debt to deal with. Some restructuring is required shortly, either a rights issue or sell some assets. The banks won't just lend willy nilly at the moment.
So far their assets are being thrown away. What will they sell? If its the ports, there goes the more profitable side of the business.
If they go for a rights issue, your share holding is diluted unless you can cough up more dough.
Thats one reason why the share price has been low.
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VRfan
Moderator
Joined: Jan 13, 2003
Last Visited: Aug 28, 2008
Location: In front of my computer :-p
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Aug 27, 2008
Location: dot AU
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Posted: Mon Aug 04, 2008 10:58 am
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Tell me there was no "Inside " trading last week!
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DalyWaters
Deputy Commissioner
Joined: Oct 31, 2006
Last Visited: Aug 27, 2008
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Posted: Mon Aug 04, 2008 11:01 am
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Who on earth is going to buy Asciano?
And if ever the ACCC needed to wake up from its slumber, its today!
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CaseyJones
Chief Commissioner
Joined: Nov 12, 2004
Last Visited: Aug 28, 2008
Location: A little south of sanity
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Posted: Mon Aug 04, 2008 11:04 am
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I don't know about a takeover, but I've heard of a sell off...
Cheers
GLRPS Member
Comments made are that of my own, and do not reflect those of organisations I am associated with or have mentioned here
At the end of the day...dude, who gives a smeg? Yes or no?!
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Aug 27, 2008
Location: dot AU
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Posted: Mon Aug 04, 2008 11:26 am
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| DalyWaters wrote: | | Who on earth is going to buy Asciano? |
UNSOLICITED INDICATIVE NON-BINDING PROPOSAL FOR THE ACQUISITION OF
ASCIANO
Asciano has this morning received an unsolicited non-binding indicative proposal to acquire
100% of the issued securities of Asciano by way of a scheme of arrangement.
The proposal includes a cash alternative of $4.40 per Asciano security. There is a scrip
alternative of unlisted securities in a bidding company.
The proposal has been submitted by TPG Capital and Global Infrastructure Partners.
Securityholders are recommended to take no action at this time.
SOURCE; ASCIANO Company Secretary
EDITThats a $2,794,000,000 offer! Who pays the rest of the debt off?
Last edited by ShowMeTheMoney on Mon Aug 04, 2008 11:37 am; edited 2 times in total
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DalyWaters
Deputy Commissioner
Joined: Oct 31, 2006
Last Visited: Aug 27, 2008
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Posted: Mon Aug 04, 2008 11:31 am
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So the Infrastructure Funds still haven't pulled their heads in!
Not a good time to be an Asciano employee, methinks.
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ShowMeTheMoney
Assistant Commissioner
Joined: Jul 31, 2006
Last Visited: Aug 27, 2008
Location: dot AU
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Posted: Mon Aug 04, 2008 11:36 am
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Will QR now put it's hat in the ring?
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VRfan
Moderator
Joined: Jan 13, 2003
Last Visited: Aug 28, 2008
Location: In front of my computer :-p
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Deep Throat
Deputy Commissioner
Joined: Mar 21, 2004
Last Visited: Aug 27, 2008
Location: Newport Workshops Transport Office
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Posted: Mon Aug 04, 2008 1:28 pm
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Anyone notice the slight p[roblem with the associated image with the news item on the front page?
Image opens in a new window
More importantly, is that someone's image nicked off the Web?
Yes, I am who you think I am.
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