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Old 5th February 2009, 03:21 PM
Greg McDonald Greg McDonald is offline
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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!!
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Old 5th February 2009, 03:30 PM
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Michael Morrison Michael Morrison is offline
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Quote:
Originally Posted by Greg McDonald View Post
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.
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Old 5th February 2009, 03:40 PM
Mark B Mark B is offline
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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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