I see Qantas as a relatively low risk / high reward vaccine play. Very well managed company, weak competition, and Lonsec currently have them valued at $4.50. They are likely to go $5 plus comfortably if and when any of the stage 3 trials are shown to be effective. I think the high institutional demand for the $3.65 SPP underpins the value a little so I see these prices as good buying for a 6 to 12 month time frame.
Obviously no-one knows if and when we'll get a vaccine but when billions of dollars and a $hit-tonne of political Will (including a desperate U.S. president trying to get re-elected) are thrown at the problem, I like our chances.
Anyone Calling Sub $2 for QANTAS ?, page-1321
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$6.74 |
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Mkt cap ! $10.98B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.83 | $6.69 | $42.81M | 6.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 106346 | $6.74 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 2974 | 1 |
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