Hedge Fund Liquidation To Hit Qantas - Traders
2343 GMT [Dow Jones] Hedge fund liquidation will hit Qantas (QAN) shares today,
possibly resulting in drop below A$5.00, after APA failed to get 50% acceptances by
Friday deadline. Senior institutional trader cites Sydney Morning Herald article claiming
foreign ownership is about 65% vs 49% limit: "The big point is going to be that
foreign ownership is well above 49% cap. Foreigners who were last to buy Qantas will be
the first to sell." Says hedge fund selldown could cause drop below A$5.00, with
local institutional buyers likely to wait. "Hedge funds are going to be put on the
barbeque." QAN last A$5.38. (DWR)
sack the board, page-9
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Last
$5.88 |
Change
-0.170(2.81%) |
Mkt cap ! $9.581B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.04 | $5.86 | $40.57M | 6.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28743 | $5.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.89 | 49143 | 7 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |