Forbar are gurusQuote:
Originally Posted by Roger
http://www.nzherald.co.nz/business/n...ectid=11772348
Printable View
Forbar are gurusQuote:
Originally Posted by Roger
http://www.nzherald.co.nz/business/n...ectid=11772348
Not too crowded on the domestic front aye. I only fly other airlines when Air don't offer a route or code share partner, I like to support good NZ companies, I'm not into making foreign companies richer at the expense of our own companies,if I have a choice about it.
http://www.nzherald.co.nz/business/n...ectid=11748081
Air NZ is obviously doing something right to win awards after awards?
For some of us, paying extra to have direct flights to destinations without the hassles of stopovers (and the almost inevitable delays and extra hours of traveling) is not a luxury but a necessity, especially for the older generations who can afford to pay more as well.
10 cps interim is exactly as predicted, and updated guidance for full year is narrowed down to $475M - $525M, and right in the middle of the previous guidance. The 2nd best result in the company's history is pretty good by my reckoning.
Am taking the bait, W69.
Forbar the firm whose analysts rated Feltex a 'hold' a week before it collapsed? And who shoved umpteen number of Feltex shares (and other unmentionables) into their discretionary clients' portfolios?
Forbar the firm which believes that it is okay to juice their toxic offerings (Credit Sails) with "Remember we catch more flies with honey than vinegar!"?
Forbar the firm that sold hundreds of millions of South Canterbury Finance (their No 1 corporate client) securities to their clients?
And now, DRUM ROLL .......
http://www.nzherald.co.nz/business/n...ectid=11566121
Forbar which came last in 2014 stock picks with the only (yes, only) negative return?
Maybe we are talking about different firms?
Very well said Balance. Their analyst Bowley got the interim result hopelessly wrong, honestly he was so far wide of the mark you wonder how much analysis he actually did ?
That they won the 2016 competition only goes to prove the old saying that every dog has its day not matter what the pedigree.
Anyway back to AIR, yes Winner the hound was conservative, and deliberately so, Kudos to you for picking ~ $300m.
Very happy indeed with the result but a little concerned with forward guidance in the circumstances taking into account $349m earnings before tax for 1H full year guidance at the mid point of $500m which is roughly what I have been expecting implies only ~ $150m for 2H FY17.
It will be interesting to hear their fuller explanation in the conference call for such a conservative second half forecast. Good that their capex all the way out to 2021 is now only $1.6 billion some of which will already have been paid by way of deposits. This underscores their ability to be a solid dividend payer for the foreseeable future. Happy with the dividend which was as expected.