Nope. The "current" share price reflects what someone sold the last share at and the price at which someone else bought it. It does not represent the prices that you can buy all shares at nor does it reflect the value of the company. It represents what a seller was prepared to sell their share, or part of their share, of the company for to a matching buyer at that point in time. If you wanted to buy all of QANTAS you'd be looking at a fairly massive premium to the current share price.
While I AM aware of this, I was talking about FINANCING not a share purchase.
I think you overlook the fact that Moody's downgraded the company to Baa3 from Baa2, one notch from junk status. P/E ratio is 42....not good when the sector is16.
The next review is in October so stay tuned for that one.
Without a return to profit of some kind, a further downgrade would clearly affect the company's ability to raise the kind of finance required to buy'lease aircraft, so it will be interesting to see their next earnings announcement later in the month.
That's what I'm saying. I don't want to get into a debate about this.
To repeat that, Qantas is in deep trouble.