Love it. This man is no muppet.
Printable View
The winning Trifecta for taxpayers has come in. Yeap, investors have been duped three times in a row !!
Anyone up for a fourth belting next year with Genisis ?
When you look at the PE Ratio's the power companies were flaoted on in a no growth industry I struggle to understand how experienced investors could allow themselves to be so silly :mellow:
I posted my negative opinion many times in each respective power company thread. But this Air N.Z. one surprised me, I thought it would be onward and upward from $1.65. Fortunatly I have a policy of not investing in Airlines.
Like I wrote earlier.. the govt on behalf of the tax payer have done very well. Well done JK and Bill. Anyone paying 1.65 for Air NZ should be happy enough because that is what they obviously wanted. No need to complain after the event. Everyone was well informed same goes with the power companies. Had some Meridian but sold out day 2 or 3.
http://www.stuff.co.nz/business/indu...-post-selldown
Seriously, welcome to shares, sometimes you feel sick, other times you feel great, surely brokers know as well as others this is reality of open markets! You shouldnt buy for the short term, maybe it will teach them a lesson! NO point letting your day turn to crap and being angry for a few % here and there. Anyway why buy into such a high cost, competative industry anyway when there is shares like SUM. Muppets.
Have a look across the board today. Mostly down following last night offshore markets. Why should AIR be exempt from that.
Muppets indeed....this is the highest SP its been in five years...why would anyone with half a brain buy at the top of the top of the market. Good on the Govt for maximizing the return for the shares however. Should be some soul searching going on in brokerage and instos that bought in. Its not a highly liquid stock in the first place and what were they thinking would happen when 20% gets dumped on the market.
Very true, Zaphod.
Anyone going for the AIR placement would/should be well aware of the risks around the stock. Not too many new mums and dads - detestable term! - in this one!