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Greg McDonald 5th February 2009 03:21 PM

Share Prices
 
Did anything interesting happen with Qantas today? Their share price dropped a huge 17% to $1.905 cents.
Virgin Blue also dropped but only by .005c. They now stand at the great price of $0.280 cents!!

Michael Morrison 5th February 2009 03:30 PM

Quote:

Originally Posted by Greg McDonald (Post 21328)
Did anything interesting happen with Qantas today? Their share price dropped a huge 17% to $1.905 cents.
Virgin Blue also dropped but only by .005c. They now stand at the great price of $0.280 cents!!

I presume the drop in QF is due to the devaluation of their stock after the $500M institutional equity raising yesterday.

Mark B 5th February 2009 03:40 PM

Place $500 million worth of shares at $1.85, and the drop came after dropping 16c earlier in the week when news leaked.


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