$12m squandered on on the buyback yesterday. This was probably the most expensive day of price propping so far. $353m out of $400m blown now (88%).
Joyce might have some relief from the overnight buy-the-f***ing-dip session overnight in America. The post-covid stock market gamblers might prop up $QAN on their own today.
But, with inflation that will remain persistent for a long time to come and geopolitics getting worse the future is not good for Qantas. Why anybody would pay record high prices for this shitco in light of multi-decade high inflationary pressures and with severely overdue and significant capex ahead of it with a completely ruined balance sheet that has been stripped of any assets of substance is beyond me. But, hey, that's what the post-covid "everything bubble" has been about. Like every other bubble there is no logic but for some reason only a few can identify them in the midst of the hysteria and crowd induced lunacy.
Ann: Update - Notification of buy-back - QAN, page-2
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Last
$5.93 |
Change
0.090(1.54%) |
Mkt cap ! $9.662B | |||
| Open | High | Low | Value | Volume |
| $5.92 | $6.03 | $5.92 | $33.25M | 5.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 71313 | $5.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 10016 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| QAN (ASX) Chart |