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Every morning
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Tuesday recap
Just finished Chairman’s Lounge, the Aston book on the Qantas/Alan Joyce blowup. Riveting stuff. Highly recommended for anyone involved in Aussie capital markets. Incredible how terrible the mismanagement of the business, and the brand, was, in the last few years. Explains a lot about business in this country and the structural problems we are dealing with.
$MCE.AX gross spread 10% and prob 3mos or so to final close here...just gone exclusivity...STAM also buying up the arb...don't think there's an overbid here (but you never know) but this is prob a 35%+ IRR with (absent total end...
