I'm savouring the Air ascent, it's been a tough week. What a great lunch you'll have Roger.
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I'm savouring the Air ascent, it's been a tough week. What a great lunch you'll have Roger.
Went fishing today on the Manukau by coincidence ended up directly under the flight path of watching our birds come into land. Fishing was pretty average, company was great, the free landing show was awesome but catch of the day was coming home to see the SP :)...suspect Couta1 had an even better day...good on ya mate :)
Think I've heard that before Roger; same place, more planes; Planespotter for sure!.Im visualising you fluffing a cast and foulhooking the tail of a jet taking off:) Good few days for us holders.
ps sequel to trainspotter about to hit the screens
Not this time unless it happens before July/August
http://www.stuff.co.nz/travel/news/8...o-christchurch
nice...
air up 13% in two weeks.... i wonder how Couta is coping? :)
Very happily you would think. At this rate sp will be 2.40 by days end maybe 2.50 by ex div eve in 6 work days time. I'm with Couta on this one, have just topped up with an extra 102,000 in last couple of weeks. But don't try this at home:). On a side issue, went to the ANCCG meeting yesterday about the new flight paths over Auckland, but that's another story.
From late last year:
Pleased with the recent result and expecting the yield improvement to roll in from here. What is clear is that sentiment has switched from cautious to neutral and happily seen the stock advance. The cost performance and fleet simplification benefits are starting to show up, and I expect analysts to continue to be surprised positively by these over the coming 18m.
Still see the capital return bonanza in a few years time, this is now being recognised in analyst models, though most see this as outside the 'investment horizon', and therefore it gets little credit in the valuations (which cluster at 2.30 - funny that..).
The short term question for us now is what would you pay for 20c p.a dividend, I think it could settle at 2.60 pre div, 2.50 after - providing 8% forward yield.
For the longer term investor a return to yield growth in FY18 will bring EPS upgrades, which should support the stock towards $3.00. In FY19 we will need to watch out for announcements about capex, but as management have explained pre-payments for deliveries 2023-on (777-200 replacement) are likely to begin in 2021.
I maintain that the improvements this company has made through the last few years (fleet, IT, lounges, processes, new routes, network alliances) set it up for a sustainably higher level of returns than in the past, and that short term earnings focused analysts don't properly account for this in either their estimates or the multiples they use to value AIR. With the NZX50 trading at a high multiple, and the outlook for NZ better than ever, AIR should gradually re-rate upwards from here.
Best, Mod
hit 61.8% retracement level yesterday from bottom lows of 1.72 odd still looking good airlines index looking good too msci