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.
Did you see where the Qantas price had been prior to the...
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Last
$6.09 |
Change
-0.020(0.33%) |
Mkt cap ! $9.923B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.15 | $6.06 | $127.6M | 20.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 358510 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 85 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |