Originally Posted by
Wedge68
My humble take.
have you noted what happened to the share price after these announcements?
Its all “smoke & mirrors”, perception without substance.
Gains/ concessions from the A or B winner will be announced and also from TC, CC and pax. Que share price increase. Whether they have in fact secured said gains.... ???
NS et all has a looong way to go with LH EA. Not withstanding the SH EA....
The rule of thumb in the "market" buy the rumour, sell the news needs a small tweak.
With no news, Qantas resorts to cheap stunts, social discourse and selling car insurance.
With foreign nominee companies embedded in the share register, a dominant domestic position and super funds having to invest in "transport stocks" rumours and column inches will suffice.
Of course briefing selected analysts helps...