it is not unusual for investors outlook on a stock to correlate with their holdings.
of course ppl who believe in a stock will purchase it and hold.
and of course people who don’t believe in a stock will subsequently NOT purchase it and will point out its shortcomings.
I agree QAN will eventually find some element of ‘normality’ but this will be years away and the damage done by then may be too great for it to overcome the headwinds.
this week’s quarterly update will be a very important doco to start to understand whether QAN currently Has enough leverage to survive the next 6 months. It is highly likely that there will be ZERO international travel before Christmas. Domestic travel is likely to remain below 35/40% pre covid levels until Christmas.
If QAN has to (again)
Sack more staff
Take on more debt
issue more equity
restructure
Then the SP is way overvalued at current prices and will be taking a big old bath.
it is not unusual for investors outlook on a stock to correlate...
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Last
$5.88 |
Change
0.020(0.34%) |
Mkt cap ! $9.581B | |||
| Open | High | Low | Value | Volume |
| $5.84 | $5.91 | $5.77 | $44.66M | 7.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3937 | $5.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 14024 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$5.89 |
Change
0.020 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $5.84 | $5.91 | $5.77 | 1822614 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| QAN (ASX) Chart |