How could you not notice the volume and price points today. Hard to read anything into it. May be just one Institution or broader based support...
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5 million was what showed beside the AIR ticker on CNBC and on ANZ securities website. US airlines stocks up strongly overnight...another good day for AIR after two very strong ones in a row already ?
What chance of a 25 cent divie this year when $600m npbt is announced (another 15 cents to go that is)
That would support a $3 plus share price
Guess that depends a lot on how fuel prices go for next 4 months, if they stay where they currently are there is no reason to there won't be a 15c final divvy..
In the meantime, exactly a week to go before it goes ex-divvy and it appears as though buyers starting to pile up again after early morning profit taking.
I personally don't think many analysts and some posters here are grasping what AIR management have been quite clear about. They intend to pay a "sustainable" dividend which barring a major shock to me is 10cps every 6 months until probably 2019 at which point, all things going well, they might do a special of 15-20cps as the capex falls off a cliff as long as FCF remains strong. That's my take.
No cuts, no increases....just a very satisfactory 10cps every 6 months.