Hope you are correct wrongway. However, Euroz has a report with a buy recommendation on QAN with a 12 month target price going from $3.40 to $4.01. That and dividends over the next year of around 20c make QAN quite attractive.
The major drive in the improved share price is the plans to reduce operating costs by over $1 billion during the next 2 years.
The prime risk is the price of fuel but if you have some pertroleum companies in your share portfolio, then you have a nice hedge either way on the price of oil.
a good story coming up, page-5
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Last
$6.20 |
Change
-0.025(0.40%) |
Mkt cap ! $10.07B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.27 | $6.18 | $8.937M | 1.436M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 43122 | $6.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.20 | 45241 | 45 |
View Market Depth
| Last trade - 14.11pm 12/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |