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$6.28 qantas airways limited

Ann: Announcement of buy-back - Appendix 3C, page-5

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Archimede$

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24/02/18

00:17

Post #: 31306999
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Originally posted by Goyco ↑

Buyback at this share price is crazy. Notice they didn't do any buybacks when the stock was cheap at 95c. This is just a typical ploy to short term price bump so executives can get more money on share price performance bonuses then they exercise their options to bring the share count back up to where it was before the buyback. It should be illegal (it used to be in USA before 1982) and is a form of short term share price manipulation and theft of company profits directed to execs. Why can't they use the money to pay off debt or invest in the business capex? If they can't find any better use of the profits they shouldn't be running the business. When business gets tough they are going to ask for the money back from shareholders by doing capital raisings thereby cancelling out share buyback but execs keep their bonus money. Highly unethical. I would avoid this type of business at all cost.

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Haha!

What I find amusing is that the CEO believes that it will cost the airline less to fly a couple of 787s to London, from Perth, rather than an A380.

Last edited by Archimede$: 24/02/18

QAN Price at posting: $5.73 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $6.28		Change 0.070(1.13%)		Mkt cap ! $10.24B

Open	High	Low	Value	Volume
$6.22	$6.35	$6.22	$13.52M	2.150M

Buyers (Bids)

No.	Vol.	Price($)
16	48509	$6.27

Sellers (Offers)

Price($)	Vol.	No.
$6.28	34028	20

View Market Depth

No.	Vol.	Price($)
15	25155	6.280
22	72504	6.270
16	66956	6.260
12	16994	6.250
10	21459	6.240

Price($)	Vol.	No.
6.290	25449	28
6.300	95487	39
6.310	60704	29
6.320	130690	26
6.330	42386	16

Last trade - 11.09am 09/05/2024 (20 minute delay)


Last $6.29			Change 0.070 ( 1.26 %)
Open	High		Low	Volume
$6.22	$6.35		$6.22	485556
Last updated 11.30am 09/05/2024 ?

QAN (ASX) Chart

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