Did you see where the Qantas price had been prior to the announcement - nearly $5 (on June 10) - when all the states were announcing lifting restrictions/borders opening etc.
What they announced was fair and reasonable given where the share price was in the days leading up to the announcement. It was $4.19 when the trading halt occurred. So a 10% reduction thereabouts.
When Nab had its capital raise on 27/4 its share price was $15.76 at the trading halt and it raised at $14. So a 10% reduction thereabouts.
I hold both stocks and am a long term investor. Qantas may have short term pain however it will be stronger coming out of this in my personal opinion.
DYOR.
SPP Share, page-6
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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 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |