Qantas holds about 12% of the company stock and with the...

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Knight16

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08/10/21

21:21

Post #: 56673327
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Originally posted by MikesLM: ↑

Have held through gritted teeth this year and have finally exited and happy with some gain. It's run up hard in the last 2-3 weeks on sentiment (roughly doubled in price). It might continue to go up in coming weeks (knowing my luck!) but I'm satisfied and don't want to be greedy (and then see it disappear).

Ideally I should have exited with a better price earlier this week but it is what it is.

I have put it into perspective as to its market cap, in deciding this:
- When it was selling tickets at capacity and making lots great profits, it's market cap was around $500m ($4 SP pre capital raise)
- currently, it's not selling much and making losses, even though the market is currently expecting it to rebound with a good amount ticket sales soon. However, if it's about $3, the market cap would be just shy of $500m, because of the capital raise done last year that added 30m shares.

I also remind everyone of the ticket sales commission having been reduced from 5% to 1% by Qantas. I don't know if other airlines might follow their lead or have already done so.

I would aim to jump back in if it pulls back. I've made the error of staying in a stock after a huge run up in price in a short space of time, only to quickly see that profit evaporate slowly.

At these prices, I also wonder if a capital raise is being contemplated by management. This is to take advantage of the higher prices and current positive sentiment to issue capital. That would likely be at a discount. Having said that, I don't expect there will be a capital raise since they seem to have decent amount of liquidity, but you just never know.

Good luck all!

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Qantas holds about 12% of the company stock and with the pandemic wipeout there is a greatly reduce number of travel companies and brokers still in business

I would watch this space - Now is a good time for Qantas to support the grow and profits of HLO and even increase its $80m holdings / Stack in the company

DYOR

HLO Price at posting: $2.95 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $1.38		Change 0.040(3.00%)		Mkt cap ! $222.9M

Open	High	Low	Value	Volume
$1.34	$1.38	$1.33	$1.956M	1.457M

Buyers (Bids)

No.	Vol.	Price($)
13	11930	$1.37

Sellers (Offers)

Price($)	Vol.	No.
$1.38	19001	6

View Market Depth

No.	Vol.	Price($)
14	12072	1.370
3	4003	1.365
5	12428	1.360
3	16095	1.355
4	29771	1.350

Price($)	Vol.	No.
1.375	17729	7
1.380	7580	3
1.385	5465	3
1.390	13681	3
1.395	5433	3

Last trade - 15.36pm 27/06/2025 (20 minute delay)

HLO (ASX) Chart

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