Qantas (QA.ASX) released its FY16 earnings and underlying profit before tax came in at $1.5b up 50%+ on the same time last year. Revenue of $16b was up 2%.
QAN announced a $500m capital return and $0.07 per share in fully franked dividends.
We’re on the short side of this trade from the $3.45 level, looking for a pullback to $3.10.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks