I noticed that having a sell recommendation for a long time, that Macquarie have a buy on it now. My broker mentioned that they see a window of opportunity at these prices with many fund managers etc having to sell out of the stock given index restrictions.
They mentioned that their fleet has a worst case value of 63c. WIth oil having fallen over the past couple of months, the value could easily be a little higher.
I do have a question which no-one seems to be able to answer and that is fuel costs.
I understand the price of oil has fallen, however, so has the $A.
In addition, does anyone know what Jet fuel prices are at the moment?
Add to My Watchlist
What is My Watchlist?