Fuel drain takes $2bn off Qantas

Status
Not open for further replies.

JohnK

Veteran Member
Joined
Mar 22, 2005
Messages
43,731
Points
3,070
Buying QF shares? Now is the time!

theAustralina.news.com.au said:
Fuel drain takes $2bn off Qantas
Kevin Andrusiak
May 26, 2006


Rising demand for aviation fuel combined with limited capacity in Asia has prompted an investor backlash against airline shares and wiped billions from the value of Qantas, n what has become one of the worst performing sectors of the Australian equities market.

Shares in the national carrier have dived with its stock-price chart resembling the descent of one of its jumbo jets into Kingsford-Smith airport in Sydney.

The sell-off in the past 15 weeks has wiped more than $2 billion from its market capitalisation, returning the price to about where it was before the record bull run began in March 2003.

Rising oil prices are also seen as the biggest cause of the sell-off, which started after the stock hit a 12-month high of $4.29 in February.

More...
 

Groundfeeder

Active Member
Joined
Nov 3, 2005
Messages
652
Points
245
Should we both be still alive on the planet in 3006, would we still anticipate QF shares getting above $4 under current industry/management profiles??
 

Yada Yada

Established Member
Joined
Dec 6, 2004
Messages
1,877
Points
0
Groundfeeder said:
Should we both be still alive on the planet in 3006, would we still anticipate QF shares getting above $4 under current industry/management profiles??
My amateur opinion is that the QF share value has been overvalued for quite some time.

Congrats on reaching your first century of posts, Geoff!
 
Now with contactless delivery, shop online to get drinks delivered to your door or pick up in-store in 30 minutes. Lowest Liquor Price Guarantee. Biggest Range.

AFF Supporters can remove this and all advertisements

JohnK

Veteran Member
Joined
Mar 22, 2005
Messages
43,731
Points
3,070
Groundfeeder said:
Should we both be still alive on the planet in 3006, would we still anticipate QF shares getting above $4 under current industry/management profiles??
That is very funny. :D Will QF still be around in 3006?

Shares were $4.29 in February under current industry/management profiles and!
 

NM

Enthusiast
Moderator
Joined
Aug 27, 2004
Messages
16,461
Points
1,295
Qantas
LT Gold
Virgin
Red
And remember that the best way to end up with a small fortune in the airline industry is to start with a large one.
 
Status
Not open for further replies.

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..

Community Statistics

Threads
87,739
Messages
2,163,070
Members
54,673
Latest member
AUTraveller

Staff online

Top