A buy now is pointless.
Wait for the enormous loss announcement and pick up from weak hands. Your going from 30,000 staff down to 1,500 with very limited income most of which is government assisted to keep the company ticking over. Reports for this take time to prepare and digest. Can you imagine the amount of tax reconciliation provision for long service leave write downs - ie expenses. The loss is going to be huge!
A $2 projection is a fair projection based on current business activity. This virus is bigger than investors understand. Ill pick some up at the bottom end ie sub $2. If virgin isnt rescued the monopoly aspect will be an added premium for a long term hold.
A recovery isnt on the cards anytime soon!
Anyone Calling Sub $2 for QANTAS ?, page-966
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Last
$6.71 |
Change
0.340(5.34%) |
Mkt cap ! $10.93B | |||
| Open | High | Low | Value | Volume |
| $6.49 | $6.79 | $6.48 | $141.5M | 21.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2060 | $6.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.72 | 99248 | 9 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| QAN (ASX) Chart |