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REX - time for takeoff, page-18

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Starry001

684 Posts.

16

20/05/20

15:55

Post #: 44730560
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Originally posted by Tony barber: ↑

You are kidding me.
So you missed the declaration that there would be no dividend and revenue has dropped 30%.
All way before covid.

Let's see the next revenue report shall we?

You guys know how much domestic airlines make per seat in Australia right? $6

And I can't believe the comment above that a $200 million infusion means the sp rises 65%
It's only going there on fomo.

The $200 mil will be allocated to expenditure.
Anyway, if I ever see something like an entry point due to news then I'll come back.

I'd probably enter now at 80c to be honest.
That way there's a possibility of a 100% gain and only a possible 50% loss.

Currently it looks like a possible 50% gain (on fomo) and a potential 60% loss.
The risk isn't to my liking. But let's see.

And having said all of that. If I get it wrong and it flys without me then great.
All I can do is research and make a call.
Good luck.

Expand

30% revenue drop is still profit. 60mil in subsidies, jobkeeper to boot. I'm sure they're burning employee leave liabilities too. They'll be in a good position post covid comparable to VA.

REX Price at posting: $1.08 Sentiment: None Disclosure: Held
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