Fundamentally $2 just looks stupid. Too many people buying with sentiment rather then reality.
Fundamentally $2 just looks stupid. Too many people buying with sentiment rather then reality.
Not just QF.Even AA has gone up nearly 8% in the last couple of weeks.
But if the oil price starts rising use those parachutes.
Cookies must be enabled. | The AustralianIT is still too soon to tell what impact the crisis in Iraq will have on aviation fuel prices but Qantas is insulated against short-term issues, Qantas International chief executive Simon Hickey says.
International carriers have been battling consistently high fuel prices for the past three years and there are concerns the unrest in oil-rich Iraq could drive them even higher.
This would be a blow to Qantas International which has also been hit by stiff competition from foreign carriers and weak consumer sentiment.
“I think it is too soon,’’ Mr Hickey said. “We’ve got to see how Iraq unfolds.
“But the second point for Qantas (is) we’re very well hedged for the first half.
’’Mr Hickey said short-term *issues with fuel had not been a problem for the airline because of the hedging.
Unless competition forces them to lower the Fuel Fines ...If the price of oil keeps falling, QAN will keep going up...
Non firewalled version: Hedging its bets leaves Qantas safe from Iraq falloutHedging its bets leaves Qantas safe from Iraq fallout
- JUNE 18, 2014 12:00AM
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Cookies must be enabled. | The Australian
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How does $5.45 offered by private equity ~8 years ago look now?Fundamentally $2 just looks stupid. Too many people buying with sentiment rather then reality.
How does $5.45 offered by private equity ~8 years ago look now?
Shh just let them have their bubble.
QAN seems like a compelling short to me.
In a market full of irrational actors, any benefit from lower fuel prices will quickly get frittered away through additional capacity/lower fares.
Not to mention that I think everyone has overreacted to QAN saying the transformation program is going well. Going well is not the equivalent to a lasting return to profit. A temporary truce in the capacity war is unlikely to persist.
YMMV.
the bubble has burst ..... 6 months still downward. Aussie to US dollar 0.70
I don't believe any number of shares buys CL access, it's more judged on your perceived 'influence' as a politician, high ranking judge, executive in a company with a big QF travel spend (eg BHP, Macquarie) or a 'celebrity' of sorts.