I'm not so sure. I never held QAN and wasn't going to touch it in the current environment but I'm starting to get a tingly feeling in my fingers to press that buy button if the share price takes a dive.
A cashed up airline, operating in one of the least affected areas in the world. I smell M&A opportunity. The brutal axe to their staff will also have big cost saving benefits going forward. This isn't great for existing shareholders, but perhaps a buying opportunity for people on the sideline.
Not anywhere near $4 though.
Ann: Qantas completes A$1,360M Institutional Placement, page-6
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Last
$7.13 |
Change
0.080(1.13%) |
Mkt cap ! $11.14B | |||
| Open | High | Low | Value | Volume |
| $7.05 | $7.18 | $7.04 | $36.95M | 5.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36066 | $7.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.14 | 606 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| QAN (ASX) Chart |