It hasn’t paid a dividend for years, instead returning billions to investors via buybacks. But with the stock at an all-time high, should it still be buying?
The biggest buyer of Qantas shares since the COVID-19 pandemic isn’t any of the big industry superannuation funds, Australia’s long-only funds management cartel, or even retail investors with the help of SMSFs.
It’s the airline itself.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
