FlyerTalk Forums - View Single Post - IB oneworld days numbered?

Apr 10, 2007 | 1:29 pm

#2

WearyBizTrvlr

Join Date: Jul 2004

Location: SIN

Programs: SQ PPS, LH SEN, Amex something, nothing everywhere else

Posts: 994

I'd be very sad to see IB go, but let's not panic until a deal is done. For those who can read German, the article in der Spiegel is here:

http://www.spiegel.de/wirtschaft/0,1518,476501,00.html

Important bits that have not been mentioned in the other threads so far are the last paragraph is that IB shareholders want to use LH to bid up the price TPG is willing to pay. Moreover, der Spiegel also reports that Mayrhuber characterized the current IB share price as "clearly too expensive" in a very recent interview. You can read it here:

http://flyertalk.com/forum/showthread.php?t=680271

Quote:

Originally Posted by NZZ

Wenn man die Entwicklung des Unternehmensgewinnes und des Aktienkurses vergleicht, kann man daraus ableiten, dass ein grosses spekulatives Element im Kurs steckt. Der aktuelle Wert ist nicht durch die Performance gestützt.

A short translation of Mayrhuber's words: looking at the development of earnings [at IB] and its share price, it's clear there is a speculative element. The current valuation is not supported by performance.

I have no idea what's really going on, but based on this information I'd be hesitant to regard this as a done deal.

Last edited by WearyBizTrvlr; Apr 10, 2007 at 1:30 pm Reason: typo

Reply