Hedge Fund Liquidation To Hit Qantas - Traders
2343 GMT [Dow Jones] Hedge fund liquidation will hit Qantas (QAN) shares today,
possibly resulting in drop below A$5.00, after APA failed to get 50% acceptances by
Friday deadline. Senior institutional trader cites Sydney Morning Herald article claiming
foreign ownership is about 65% vs 49% limit: "The big point is going to be that
foreign ownership is well above 49% cap. Foreigners who were last to buy Qantas will be
the first to sell." Says hedge fund selldown could cause drop below A$5.00, with
local institutional buyers likely to wait. "Hedge funds are going to be put on the
barbeque." QAN last A$5.38. (DWR)
- Forums
- ASX - By Stock
- sack the board
Hedge Fund Liquidation To Hit Qantas - Traders 2343 GMT [Dow...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QAN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.48 |
Change
0.055(0.74%) |
Mkt cap ! $11.60B |
Open | High | Low | Value | Volume |
$7.46 | $7.49 | $7.40 | $4.455M | 597.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 15639 | $7.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.48 | 17782 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 15639 | 7.470 |
20 | 28810 | 7.460 |
13 | 27681 | 7.450 |
10 | 41570 | 7.440 |
10 | 33915 | 7.430 |
Price($) | Vol. | No. |
---|---|---|
7.480 | 20375 | 25 |
7.490 | 64111 | 22 |
7.500 | 260140 | 136 |
7.510 | 48237 | 17 |
7.520 | 46929 | 13 |
Last trade - 10.40am 30/09/2024 (20 minute delay) ? |
Featured News
QAN (ASX) Chart |