Chanticleer The threat to Qantas Points, epic saga gets CEO sacked & death of a mega deal
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Sep 19, 2025 This episode dives into the looming threat to Qantas points from the RBA, exploring the mechanics behind their value. The sudden sacking of a major retailer's CEO raises questions on corporate governance and accountability. Listeners are also treated to insights on the Federal Reserve's recent rate cut and its potential impact on the Magnificent Seven. Finally, the collapse of a massive bid in the energy sector highlights the intricate dance of politics and finance in Australia's market.
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Failed $36.4bn Santos Bid
- XRG, a UAE sovereign entity, made a surprise $36.4bn bid for Santos and then walked away after lengthy due diligence.
- Anthony Macdonald said the bidder blew its top off and couldn't commit, leaving Santos miffed and the deal dead.
Leaks And Time Kill Deals
- Leaks and repeated due diligence extensions are strong signals a big deal may fail.
- Anthony Macdonald warned that leaked deals and time-related hesitancy often kill transactions.
ANZ Pays A $240m Penalty
- ANZ paid a $240m settlement to ASIC for bond-market and retail missteps, the largest single penalty ASIC has extracted.
- James Thomson called it a pragmatic move to tie misdeeds together and let the new CEO focus on a turnaround.