short term Qan will suffer from the $100m overhang caused by the underwriters having to take up the shortfall. Coupled with an oil price perception and Iraq it will be a while until $4 is reached again.
However it is not all negatives. By the end of Oct we should see the agreement with Air Nz to take 25% of that airline-supposedly worth up to 60 c per share for Qantas in savings. The other floater is definetaly a closer realtionship with Sing Air.It is very conceivable that Brit Airways sell their Qan stake to SIA-that also would be a fillup for the share price.
Overall Qan is a very well run company in a tricky industry but with a balance sheet now strong and sales that have increased every yr for the past 6. It also has a strong insto base so once sentiment changes it will rise again upto old levels.
short term Qan will suffer from the $100m overhang caused by the...
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Last
$6.09 |
Change
0.090(1.50%) |
Mkt cap ! $9.923B | |||
| Open | High | Low | Value | Volume |
| $5.99 | $6.09 | $5.96 | $28.28M | 4.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23179 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.09 | 254 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |