I disagree as AXA did not have the Qantas Sale Act to contend with. Foreign ownership currently stands at 65% I believe, which has been allowed as there is a takeover in progress. If it all falls through then the Qantas Sale Act will kick in, triggering the compulsory sale of 16% of the company's shares on a last-in, first-out basis. That's about 300 million shares I believe, if the local market can't soak that up then there will be a short-term downward spike.
great buy if it falls back to 3.80, page-3
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Last
$6.33 |
Change
-0.030(0.47%) |
Mkt cap ! $10.28B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.28 | $6.405M | 1.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 12131 | $6.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.34 | 72313 | 69 |
View Market Depth
| Last trade - 12.45pm 28/08/2024 (20 minute delay) ? |
| QAN (ASX) Chart |