Hedge Fund Liquidation To Hit Qantas - Traders
2343 GMT [Dow Jones] Hedge fund liquidation will hit Qantas (QAN) shares today,
possibly resulting in drop below A$5.00, after APA failed to get 50% acceptances by
Friday deadline. Senior institutional trader cites Sydney Morning Herald article claiming
foreign ownership is about 65% vs 49% limit: "The big point is going to be that
foreign ownership is well above 49% cap. Foreigners who were last to buy Qantas will be
the first to sell." Says hedge fund selldown could cause drop below A$5.00, with
local institutional buyers likely to wait. "Hedge funds are going to be put on the
barbeque." QAN last A$5.38. (DWR)
sack the board, page-9
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.84 |
Change
0.000(0.00%) |
Mkt cap ! $10.69B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.88 | $6.79 | $31.32M | 4.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5496 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 83582 | 12 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |