QAN 1.50% $4.75 qantas airways limited

Looks like closing below right Price 420, page-5

  1. 10,373 Posts.
    lightbulb Created with Sketch. 4
    The dollar effect of the isue are interesting.

    The institutional value of the allotment is $600 million - that is all that has been firmly allocated to date, viz the only monies that QAN can count on.

    Yet, the market cap. of QAN, after allowing for the 9c dividend has now fallen $705 million.

    In other words, top raise $600 mio. the issue has wiped $700 mio of shareholder value from the company.

    Also, as I have questioned before and is now reality - if the spin doctor's at QAN and the issue underwriter's were telling the truth when they claimed the issue was heavilly oversubscribed - then why are those who missed out at $4.20 shipping in truckloads at below that level now?

    Maybe a few porkies being told??

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