Oh and one other point is the banks are in the game of lending money and they will have a number of businesses go belly up due to this disruption plus add the ongoing cost of remediation in relation to the Royal Commission. Some people really need to do their homework.
Qantas may need a credit raise however the way things are progressing in relation to case infections, I'm not so sure about that. My date of internal borders being relaxed on 1/7/2020 is looking good and that is still 8 weeks away (and we have only been in lock down for 5 weeks).
PS : Retired nearly two years ago as a 39+ year employee of Nab and glad I sold my holding at ave $28.50. Long term banks might be ok but dividends under pressure for next few years.
NAB is on TH for CR. All banks expecting to do the same. QANTAS will CR soon?????, page-11
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