ACCC probes Qantas purchase.
https://www.abc.net.au/news/2020-06-...ction=business
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ACCC probes Qantas purchase.
https://www.abc.net.au/news/2020-06-...ction=business
AQZ raising capital.
So many opportunities.
So many new customers.
So many planes for them to buy.[at bargain prices]
And at $2.95...Incredible.
Please AQZ don't buy AIR NZ....lol.
Yes $2.95 is a hefty price.
However $122 mil will go a very very very long way in today's buyers market.https://stocknessmonster.com/announc...asx-2A1230139/
Huge sell off in airline stocks yesterday in NZ and Aussie and especially overnight in the US... This SPP portion of the capital raise may very well come at quite a discount to the $2.95 placement announced yesterday..
We may be well positioned as retail investors come our turn to stump up the cash 😊
Full A$91.9m raised through placement at A$2.95 per share without any need for underwriters to turn on their internet banking (other than to check the Underwriting Fee has been paid).
https://www.asx.com.au/asxpdf/202006...c58fhw6swn.pdf
Share price held up well, however as US sell off was on fears of a second wave of COVID-19, then arguably is positive for the AQZ proposition.
SPP does provide opportunity for downside risk protection over the next few weeks due to issue price formula while enabling a free carry on upside. Limited risk of scaling given A$30m sought from just 1,500 shareholders (based on 2019 annual report statistics).