it's an airline stock with pretty much zero revenue, a big capital dilution and still massive cash burn.
Not to mention people are going to spending less on their credit cards and new credit card signups are going to go down dramatically with the likes of BNPL encouraging more debit card use. So there's your Frequent Flyer business going down the chute as well.
What could go wrong for investors. Will go to $10 easily. It's a blue chip, right? It's meant to go back up?????????
Ann: Qantas completes A$1,360M Institutional Placement, page-32
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Last
$7.37 |
Change
-0.250(3.28%) |
Mkt cap ! $11.52B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.60 | $7.34 | $47.14M | 6.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 653 | $7.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.37 | 15279 | 2 |
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| QAN (ASX) Chart |