QAN 1.64% $5.99 qantas airways limited

question on placement at 17% discount, page-3

  1. 6,716 Posts.
    market cap caned by $300m ????

    Who are you trying to fool ?

    QAN has 1.945 billion shares on issue. Since Monday afternoon it has dropped from 2.45 to 1.90.

    Do the maths.

    $1.07 billion wiped of Qantas shareholder net worth.

    And most of the placement goes to the shorters - they are the ones with cash in hand to buy the new shares.
 
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