QAN +2.86%: A strong session today for the flying Kangaroo as they officially moved from defence into offence ordering a suite of new planes while also saying that 2H22 EBITDA would be $500m, a long way ahead of the market expectations for $200m. Debt levels have also fallen by around $1bn and while they’ll still lose around $1.3bn in FY22, they should return to profitability earlier than expected in FY23. QAN now has a better cost base to take advantage of the looming upswing with the next few years likely to be very strong for them.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM remains long & bullish QAN in our Flagship Growth Portfolio
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