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alonso

16,698 Posts.

139

14/01/21

09:43

Post #: 50157427
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Originally posted by Hopeful9: ↑

Agree!

Unless QAN finds a new way to misrepresent its true financial position, FY 2020-21 results are likely to be terrible.

What that means for Mr Joyce remains to be seen.

Despite QAN being a 'market darling' (though most Australian investors and passengers forget it's about 49 per cent foreign owned, limited by the Qantas Sale Act from being higher), its share price will come under real pressure before or during September 2021 when its results are publicised.

There's likely to be further sector-specific Federal Government assistance benefiting companies like REX and QAN. The State Premiers' governments that are the root cause of this passenger inability to fly across State borders will not, but ought, contribute financially. It isn't the Federal Government's fault!

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I submit it's virtually impossible to say if the Qantas Sale Act has ever been complied with because, without a massive & unprecedented investigation, the ultimate beneficial ownership of shares held by funds could not be known.

REX Price at posting: $1.88 Sentiment: Buy Disclosure: Not Held
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