I disagree as AXA did not have the Qantas Sale Act to contend with. Foreign ownership currently stands at 65% I believe, which has been allowed as there is a takeover in progress. If it all falls through then the Qantas Sale Act will kick in, triggering the compulsory sale of 16% of the company's shares on a last-in, first-out basis. That's about 300 million shares I believe, if the local market can't soak that up then there will be a short-term downward spike.
great buy if it falls back to 3.80, page-3
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Last
$5.92 |
Change
-0.100(1.66%) |
Mkt cap ! $9.646B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.96 | $5.85 | $28.86M | 4.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16048 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 41721 | 9 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |