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
$6.09 |
Change
-0.020(0.33%) |
Mkt cap ! $9.923B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.15 | $6.06 | $127.6M | 20.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 358510 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 85 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |