QAN 1.05% $6.16 qantas airways limited

Interesting how you choose Turkish Airlines. Formerly Asia...

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    Interesting how you choose Turkish Airlines. Formerly Asia Minor, Turkey is surrounded by many countries.

    ROTFL. Turkish Airlines services dozens of destinations in (southern) Africa, South America and Asia as well as 13 US destinations. None of them are anywhere near Turkey.

    But, the main point I'd like to make here is that at 2.50, 3.50, 4.50 and 5.50 you and the remaining members of the HC psych ward were screaming that QAN was going to zero on the ASX and was essentially bankrupt.

    Read the balance sheet instead of making inane comments.. QAN is essentially bankrupt. It had assets of just $513m on Jun 30 and is losing $5m per day (or ~$750m) . Since then they have sold their land for $802m and refinanced a $500m bond due in 2022 at 3.15% . So the assets are now close to zero. In addition they have to replace the entire 737 fleet (75) aircraft at over $10Bn cost.

    The fact that dumb retail holders and incompetent funds mangers are keeping the QAN price propped up doesn't mean it is worth anything - ;let alone the insane $10.6Bn valuation.
    Last edited by PigsMightFly: 16/11/21
 
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$6.16
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