QAN 2.16% $4.73 qantas airways limited

Raising of foreign ownership limit rejected

  1. 10,373 Posts.
    lightbulb Created with Sketch. 4
    Just heard on the news that the reason for QAN's 12c drop today is due to Government's refusal to raise the foreign ownership cap.

    Why is this so bad??

    (a) it was already in the weekend press that the Government would not change its stance on the ceiling of foreign ownership (nor should it)

    (b) if foreign investors want a stake in one of the most profitable airline in the world then they will have to buy their stock from a limited pool of shares.

    All told it should (will) be a positive for QAN

watchlist Created with Sketch. Add QAN (ASX) to my watchlist
(20min delay)
Mkt cap ! $8.920B
Open High Low Value Volume
$4.70 $4.76 $4.63 $29.82M 6.338M

Buyers (Bids)

No. Vol. Price($)
3 171611 $4.73

Sellers (Offers)

Price($) Vol. No.
$4.74 30000 1
View Market Depth
Last trade - 16.10pm 25/06/2021 (20 minute delay) ?
0.100 ( 2.82 %)
Open High Low Volume
$4.68 $4.76 $4.63 1377390
Last updated 15.59pm 25/06/2021 (live) ?
QAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.