Qantas Airways Limited

By Intelligent Investor · 19 Oct 2001

By Intelligent Investor ·
19 Oct 2001

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Qantas Airways Limited - QAN

Current price

$5.86 at 15:35 (25 April 2024)

Price at review

$3.84 at (19 October 2001)

All Prices are in AUD ($)

Following a spectacularly successful $450m capital raising from the big end of town, Qantas is offering the 'mums and dads' a small bite of an attractive cherry. All shareholders will be eligible to apply for up to $3,000 worth of Qantas shares at $3.05, the same price as the institutions. With the stock currently trading at $3.80 it's nice work if you can get it. And that's the problem. The company has said that it will have to scale back any acceptances over $230m. Now, with over 156,000 shareholders that equates to a bit under $1,500 worth each if everyone applies for the maximum. So, we advise current holders to apply for the full amount (even if you have to beg your mother-in-law for the money) but expect to be scaled back significantly. SUBSCRIBE TO THE OFFER/HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Qantas Airways Limited

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Qantas Airways Limited

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