QAN green while the market is melting down on the overdue reality that a global recession is unavoidable and that interest rates must go up up up. The buyback trades must be running hot today and I wonder if they'll have bought back over $10 in one day by the time the market closes. We'll know tomorrow...
This share price propping program will run out of cash some time in December and will leave Qantas with a pile of debt with increasing interest costs and an overdue capex program that will mean negative cashflows, and reliance on debt, for many years to come. When this buyback is over, $QAN will sink like a stone and you can bet that the short interest from major players will be all over it ahead of time.
This current line-up of Qantas management will ineviatbly go down as the dumbest and most destructive that the company has ever had.
QAN green while the market is melting down on the overdue...
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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 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| QAN (ASX) Chart |