QAN

4.10%

$6.08 qantas airways limited

Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report, page-30

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canplan

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23/02/23

12:22

Post #: 66418714
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Originally posted by bedger ↑

Just remember John Maynard Keynes warning on solvency vs irrationality of the market.

I was short Tesla to the highs of around $410, warning on falling global mkt share of sales to Xpeng, BYD etc. The Twitter deal was a God send to me and I read the boring debt covenants at the SEC and then increased my shorts whilst the lemmings bought more of their deity and called me an idiot. I closed out my short at $108.

Too many people buy on headlines. Fundamentals always come back to roost. Joyce has blown a cool $billion and weakened the balance sheet on a share buyback that was badly needed money for Cap Ex. when airfares and the Qantas brand are falling quickly. This was a purple patch that Qantas sorely needed to shore up its business. Instead the Leprechaun blew on a buyback so he can exit his CEO position with plenty of moolah from his share awards....

Airfares still high says Joyce, yet bar this Saturday I can fly to the Gold Coast from Sydney for less than $100 any weekend I want. Melbourne? Oh, I have to pay $110 this Saturday and next, but otherwise the same. Those fares are near enough 2019 fares.

International flights have dropped significantly. I literally could not fly direct from London to Sydney in October last year, one way on a relatively direct flight for less then $2,500. I ended up flying crappy Air India and having a little holiday as it was cheaper. Direct London to Sydney flights now, even as short dated as March? $1,000 to $1,500.

The closest it provides to guidance is "Fares are expected to moderate during the second half as capacity increases but will remain significantly above FY 2019 levels."

Absolute rubbish. Airfares are already at 2019 levels. The cash printing time for QAN has passed.

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these qantas threads are literally a meeting place for some of the world's worst shorter's to cry, discuss their epic failures and abuse others.

QAN Price at posting: $6.05 Sentiment: None Disclosure: Held
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(20min delay)
Last $6.08		Change -0.260(4.10%)		Mkt cap ! $9.907B

Open	High	Low	Value	Volume
$6.20	$6.22	$6.05	$73.03M	11.94M

Buyers (Bids)

No.	Vol.	Price($)
1	4800	$6.08

Sellers (Offers)

Price($)	Vol.	No.
$6.09	24376	2

View Market Depth

No.	Vol.	Price($)
3	5004	6.060
7	13025	6.050
1	83	6.040
4	3285	6.030
8	33983	6.020

Price($)	Vol.	No.
6.100	1932	2
6.110	6500	1
6.120	3000	1
6.140	5000	1
6.150	3200	2

Last trade - 16.10pm 02/08/2024 (20 minute delay)

QAN (ASX) Chart

Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report, page-30

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

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Ann: Qantas Group HY23 Appendix 4D and Interim Financial Report, page-30

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News