QAN 1.56% $7.14 qantas airways limited

Raising of foreign ownership limit rejected

  1. 10,372 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

 
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