$QAN going on another rip by the financially illiterate holders. Low unemployment news > economy running hot > interest rate hikes, at a time when Australians and corporates carry record levels of debt. And every day that passes is another day closer to when $QAN have to accept that they're well overdue with capex, maintenance and new plane orders - significant expenses that they keep kicking the can down the road on.
The majority of economists are predicting recession for the year ahead yet stock markets are in FOMO mode again.
This run reminds me of the run on $TSLA stock in late 2021, right before it spent the next year going down by 70%.
The dumbest equity bubble in recent ASX history. We'll see where this company is in one year when they're eating crap on mounds of new debt to pay for capex to future proof the company.
Will QAN survive?, page-5265
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Last
$6.92 |
Change
0.080(1.17%) |
Mkt cap ! $10.82B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.97 | $6.88 | $50.32M | 7.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 253446 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 71835 | 9 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |