Money in Search of a Home
Despite the worlds financial woes there is still a lot of money around looking for a home.The New York based Capital Group obviously sees some upside in gaining greater equity in Qantas.Airline shares are notoriously poor performers and Qantas hasn't offered a dividend in years.Investments such as this tend to be long term so they are taking an informed punt and feel that over time Qantas is a good purchase.This probably means that they will lose less by parking funds here when viewed in terms of the alternatives
Joyce's new found strut tends to suggest good news maybe on the way.Good news for Joyce but not necessarily Qantas and its long suffering employees