@Christian, good catch. I apologize for reporting a false positive.
Looks like all what matters is the kernel version. 

I was able to boot new ISO images with regular qemu provided, but failed
to boot old ISOs.

I've used this one 
http://ports.ubuntu.com/ubuntu-ports/dists/xenial-updates/main/installer-ppc64el/current/images/netboot/mini.iso.
        2017-02-15 14:05        64M

With the current iso, it works.


Still getting HTM exception with old iso... even updating to new qemu from ppa:

http://ports.ubuntu.com/ubuntu-ports/dists/xenial-updates/main/installer-ppc64el/20101020ubuntu451.6/images/netboot/mini.iso
2016-10-12 12:32        62M

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https://bugs.launchpad.net/bugs/1664622

Title:
  qemu: Missing transaction memory advertisement

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