CBA's 'outlier' forecast that interest rates won't rise by as much as 'Mr Market' thinks on balance might be good at first glance for companies like QAN, but CBA is unlikely to be correct.
Concurrently, CBA downgraded its Australian GDP growth forecasts - a minus for QAN.
Hard times ahead, though still way short of former Labor Treasurer Paul Keating's once 21 per cent interest rates for small business that sent many to the wall. Fast forward to 2022 and governments' overreach re COVID-19 has had a similar effect, but QAN has received about A$2 billion in Federal and State government subsidies from February 2020 to today.
The latter may not continue as highly, which will negatively affect QAN's already poor quality balance sheet.
Will QAN survive?, page-3436
-
- There are more pages in this discussion • 3,099 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.37 |
Change
0.060(0.72%) |
Mkt cap ! $13.08B | |||
| Open | High | Low | Value | Volume |
| $8.36 | $8.40 | $8.24 | $61.42M | 7.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $8.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.38 | 32564 | 4 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| QAN (ASX) Chart |