Singapore believe that there is an awful lot of profitability to be had out of the route, so you would certainly imagine that Qantas will be less that pleased if it gets thrown open to another airline.
More Quotes from David Land:
You need a high level of sentiment in position for traders to regularly pay higher and higher prices for stock, and we are seeing just that at the moment.David Land
After starting on a strong note, the day turned into a bit of a fizzer by the close with positive moves from a number of resource stocks counterbalanced by negative movement from some of the big banks, and (insurer) IAG and (property developer) Westfield Group weighing on the market.
David Land
However, by retaining a sizeable shareholding and a share in the management of the company, they are able to hold on to a good proportion of the company's profitability into the future.
David Land
There was pretty consistent buying in a lot of areas so it would seem that a lot of traders were moving into stocks that they liked at a price they were happy with following the falls yesterday.
David Land
(Investors) don't want to see this relatively ferocious back and forth between the government and Telstra management, they want to see a plan for how earnings and the share price of the company are going to be buoyed.
David Land
A lot of the shares that had been the market favorites of late wore the brunt of the sell off today with traders closing down positions quickly.
David Land
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