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.
I disagree as AXA did not have the Qantas Sale Act to contend...
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Last
$6.00 |
Change
0.060(1.01%) |
Mkt cap ! $9.776B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.04 | $5.95 | $19.42M | 3.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14083 | $5.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 19975 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |