Seriously, thank you for demonstrating how some Qantas...

Seriously, thank you for demonstrating how some Qantas shareholders have absolutely no idea when it comes to investing in shares.

You can't compare share price now vs then. QAN issued $71.7m worth of shares last year at $3.18 (around 22.5 million additional shares) that diluted existing shareholders. Total shares * share price = market capital. Compare that.

But even that doesn't tell the full story.

Market capital + debt = enterprise value. Think, "if I were to buy out this entire company by paying off the shareholders and the banks, what would it cost?". This is enterprise value. With more than $1.5bn of extra debt post-covid, the current EV is higher than pre-covid.

What you're doing when saying $7.46 > $5.20 is comparing apples with half eaten oranges and it shows how little you know about investing. I imagine that there are many of you doing the same thing, hence paying these ridiculous prices for a practically insolvent company.