South Pac Share and Oil Price Weekly Update

Each week the Blue Swan Daily brings you a snap shot of the key share and oil prices related to all things travel and aviation.

Monthly Share Price Snapshot:

Source: ASK (Prices in AUD)

Key news stories of the week

Qantas Airways

Qantas continued its share buy back, announced at the recent half year results meeting. The carrier plans on completing a AUD378 million (USD297 million) share repurchase allocation. Last week’s buy back included:

  • 18-Jun-2018: 1,663,818 shares for a total consideration of AUD10.7 million (USD7.9 million);
  • 19-Jun-2018: 535,923 shares for a total consideration of AUD3.5 million (USD5.9 million);
  • 20-Jun-2018: 841,053 shares for a total consideration of AUD5.5 million (USD4.1 million);
  • 21-Jun-2018: 669,899 shares for a total consideration of AUD4.4 million (USD3.3 million).
  • 22-Jun-2018: 1,480,903 shares for a total consideration of AUD6.6 million (USD4.9 million).

Shares of interest: Serko Limited

Serko announced it had commenced trading on the Australian Securities Exchange under the ticker SKO. Serko CEO Darrin Grafton said: “Listing on the ASK has been a long-time ambition of ours, and represents a significant milestone in Serko’s growth into an organisation with global scale. Being dual-listed will give us access to a larger pool of investors and analysts and build awareness of the company’s performance and growth opportunities”.

Oil Prices Update