An expensive day of bubble blowing for Joyce yesterday, having blown $7.5m in one day propping up $QAN. As I write this they've now blown cca $100m on this share price manipulation strategy. Who needs new planes anyway when you can buy duct tape for repairs cheap at Bunnings?
By year end their buyback exercise will be over, the world will be in recession, and God only knows what other calamaties await (WW3?). To have blown what little free money they have on this is criminally stupid. I'd even argue that it's actually criminal, because it's clearly only being done to keep the share price high to maximise executive remuneration.
An expensive day of bubble blowing for Joyce yesterday, having...
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Last
$6.21 |
Change
-0.010(0.16%) |
Mkt cap ! $10.11B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.27 | $6.18 | $23.05M | 3.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16518 | $6.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 1478 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |