Look at QAN, they did a capital raising and their price as not recovered, really WES releases some good news and they just can't help themselves, they captial raise. Investors get nowhere playing this game.
You cant be serious comparing qan to wes!
Even in the best of times airlines are a dodgy investment. Today we are in one of the worst environments for companies that operate in the elective expenditure field. qan are having to resort to gimics such as 2 for 1 deals etc just to fill their planes. The travel industry is totally NON DEFENSIVE.
WES on the other hand has
coles (defensive and turn around story)
home improvement (recipient of rudd $)
target (low cost defensive)
The above 3 represent nearly 60% of the groups EBIT all could be expected to perform well over the next 12 months
Look at QAN, they did a capital raising and their price as not...
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Last
$68.86 |
Change
0.170(0.25%) |
Mkt cap ! $78.09B | |||
| Open | High | Low | Value | Volume |
| $68.20 | $68.98 | $67.25 | $46.02M | 673.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 116 | $68.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $68.89 | 57 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| WES (ASX) Chart |