Very good explanation of very rarely discussed amortisation. Don't underestimate the purple patch Qantas enjoyed on pent up COVID demand, best illustrated by BITRE stats (consumers willing to pay higher for basic tickers recently, but discounted airfares already kicking in again):
As the distorted demand imbalances wane and the consumer income effects of lagged recent rate raises hit Aussie homeowners coming off fixed, supply vs demand will shift again into 2023/24 and Qantas' business metrics will be looking fare less attractive than they have in the first half of the 2023 Fin Year.
Nothing much wrong with Qantas, just its valuation up here on forward earnings vs its international peers and pricing/business history. In 2019 I would have thought this a reasonable market cap. In 2023 its optimistic at best.
Will QAN survive?, page-5432
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.24 |
Change
-0.060(0.95%) |
Mkt cap ! $10.16B | |||
| Open | High | Low | Value | Volume |
| $6.29 | $6.33 | $6.24 | $53.86M | 8.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9462 | $6.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 12374 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.25 |
Change
-0.060 ( 0.53 %) |
||||
| Open | High | Low | Volume | ||
| $6.27 | $6.33 | $6.24 | 1487933 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| QAN (ASX) Chart |