People only tend to listen to such optimistic calls if you are A) literate B) able to provide some substance.
Versus its peers globally, Qantas trades on very high valuations. Granted the Australian mkt is generally more lucrative, but no less saturated. Whilst you make 20%+ valuations calls with no argument as to why, the rest of us might concentrate on the actual business ramifications of another airline on the East Coast of Australia and its competition implications for Qantas.
You don't even have to be financially literate to spend 10 mins on the net, working out which routes Qantas serves where it might be competing. I will give you a clue, quite a few of those Bonza setting up flights:
Will QAN survive?, page-5272
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Last
$7.45 |
Change
0.130(1.78%) |
Mkt cap ! $11.64B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.48 | $7.31 | $76.39M | 10.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 76998 | $7.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.46 | 1692 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| QAN (ASX) Chart |