As outlined briefly earlier this week, Qantas loyalty stands to lose hundreds of millions of revenue per year following the changes to AMEX interchange rates yet nobody seems to know or care. For anyone interested I've set out the story on my blog below.
For disclosure, I'm negative on the stock but do not hold either long or short positions in QAN
www.TheGrumpyBanker.com
Impact of RBA payment changes
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Last
$6.74 |
Change
-0.100(1.46%) |
Mkt cap ! $10.98B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.83 | $6.69 | $42.81M | 6.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 106346 | $6.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 2974 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |