Oil smashed and not going anywhere
Forecast for a special dividend and share buybacks are on the cards - smh/the age
Qantas last month forecast it would report an underlying first half profit in the range of $875 million and $925 million, up from $367 million in the same period the prior year.
Analysts are focused on the prospect of the airline returning a large amount of surplus cash to shareholders. Mr Butler forecast Qantas would pay special dividends of 50¢ a share this year and next year, totalling $2.1 billion, even though the carrier's total excess capital could be twice that level.
Merrill Lynch analyst Matthew Spence expects Qantas will announce a buyback program in the range of $500 million to $800 million alongside its half-year results on February 23, while Deutsche Bank analyst Cameron McDonald forecast a 25¢-a-share dividend will be announced alongside the half-year results.
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Oil smashed and not going anywhere Forecast for a special...
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Last
$7.16 |
Change
0.130(1.85%) |
Mkt cap ! $11.19B |
Open | High | Low | Value | Volume |
$7.08 | $7.16 | $7.04 | $61.31M | 8.623M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 184775 | $7.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.17 | 55943 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 184775 | 7.140 |
1 | 15 | 7.130 |
1 | 1000 | 7.120 |
3 | 28480 | 7.100 |
3 | 31435 | 7.090 |
Price($) | Vol. | No. |
---|---|---|
7.170 | 55943 | 10 |
7.180 | 54537 | 12 |
7.190 | 12195 | 3 |
7.200 | 141716 | 55 |
7.210 | 10005 | 5 |
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