REX 0.00% 56.5¢ regional express holdings limited

How is that coming to an end, farmboy? Something like a Royal...

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  1. 7,247 Posts.
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    How is that coming to an end, farmboy? Something like a Royal Commission in the air?

    I note that you have a strong interest in REX, as in talking about it in a positive way. Do you think of buying shares in it?


    Sorry for not answering earlier.
    No, nothing like an RC. There are a lot of major decisions in the pipeline.
    In a few weeks the result of a court case involving Rex and a local council will be announced. It revolves around fees charged to Rex by a major council. The fees were precipitated by action that Qantas took. The decision will have far reaching effects.

    2. Qantas will announce its future (poor) outlook soon.

    3. Virgin will announce its further loss the next day.

    Yes, I do have an interest (not pecuniary) in Rex, and Hazelton before that.
    I have owned shares in both before, including the Rex IPO. But I sold out of Hazelton at $2.60, and Rex a long time ago. Last Rex sale was in September 2007 at $2.47. So I have done quite well from trading airline shares, but they are barge pole material for me now.

 
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