Confusion over record date and ex div I guess
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Confusion over record date and ex div I guess
This 11Ants Analytics company is pretty clued up - good that AIR involved
ex-div on the 9th
With the last change to settlements now being 2 days, would those hoping to preempt the market and sell on the 10th still be on record for the div, or would they have to wait till the 14th.
Where do we see SP dropping to tomorrow?
I am holding long term for the dividend income so within reason don't care but its worth pointing out that for normal sized dividends most NZX stocks recover the dividend paid within a few weeks most of the time.
That said I think most of the 10 cents has already been priced in so a semi permanent drop to circa $2.30 wouldn't surprise me.
Big-wigs active again today.
It' a long story I would like to share at the next st meeting. Basically have made too much share trading and want to make a little loss so will not have to pay to much tax on profits. I would be happy for sp to drop back to 2.10 so as to make a loss on the last bundle bought between 16/2/17 and 28/2/17 at av price of $2.179c Already had a bundle bought in Oct last year at av price of $1.75c, which are not going to sell. So tomorrow is going to be a busy day.
AIR seem to use the word up-gauging a lot. Even AIA seem to use it
Is it just another way of saying bigger planes or is there a proper scientific / industry definition?
Using a bigger aircraft than what is usually used.
http://www.stuff.co.nz/business/9021...in-join-forces
Watch out airports...
nice drop in oil last night
Good for my AIR NZ shares bad for BHP shares, my way of hedging :)
Hard hitting extremely well qualified Chairman appointed. ACCC have real teeth. Airlines appear deadly serious about working towards change.
Passengers might benefit too. $42 to park at Auckland airports uncovered standard car park for one day is price gouging when on occasion on special one one way flights around the country can be had for less !
What's driving the downward pressure today? Depth looks terrible currently.
Can someone please confirm ex divi for me. I think I got it but on Air results it says divi will be paid to shareholders on record at COB 10th March.
So is the reason for it going ex divi today because it takes two days for the shares to officially change hands?
yeah.....losing $1 to gain 33cent back, unless im missing something
The shares have dropped 10 cents after going ex a 10 cent dividend, exactly what common sense would suggest and are clearly noted in the trading system as trading ex dividend.
AIR pays its dividends very promptly, something other companies would do well to try and emulate.
The fact that the government is the major shareholder has nothing whatsoever to do with this highly unusual super prompt payment system AIR uses :D
I've posted many times on here regarding my theory regarding share price recovery of dividends paid. Usually within a few weeks, if its a gargantuan one like the 35 cents last year it can take 2-3 times longer as was the case last year. Selling any share cum dividend and hoping it will drop more than the dividend in the short term is a "brave" call. The odds from the study I have seen are stacked pretty heavily against such a strategy being successful. I guess if people are adverse to more dividend income in the 2017 tax year because they're already well over $70,000 income and paying tax at 33% and the dividend is only imputed to 28%, (a resulting 5% tax impost) some sort of argument can be made for the above strategy but swimming against the tide can be hard work.
Hey seeweed - you should mosey over to WHS
A 10 cent divie in a few weeks - get that for $2.50 at the moment, probably cheaper tomorrow
Oil getting cheaper. Stockpiles stockpiling. Still looks like it's a good time to own an airline.
Yesterday,successfully sold 17000 at a $1363 loss:), but sold another 31000 at $3202 profit:t_down:. Cannot sell any more until after 31/3/17, because they in the green $37000 and will have to pay to much tax, but am looking forward to $14300 div. next week. Time to stock up on a bit of STU and a lot of SPK their div coming soon;).
https://www.nbr.co.nz/article/carry-...four-ng-200490
Chris been busy earning his salary.
It might recover its dividend though?
Cant decide whether to get out now before it goes down or hold a little longer incase it keeps going up :confused:...hmmm...so nothing new I guess! ;)
i believe the management team has traded more often than me in the past year... :(
except Directors have only bought in recent times, and the CEO exercised his options and has NOT sold. Senior management not held in same light as far as I'm concerned, as it's part of their package, off a significantly lower base salary. remember a lot of them also sold well below $2
but I have empathy with your general comment balance
todays little retrace may actually have more to do with AIR being removed from the NZX20 index?
Big overseas money not buying today, I wonder if they have their fill, or perhaps they are taking a breather after seeing management selling a few.
CFO sold more than 70% of his shares, CCO sold close to 50% and COO selling more than 600 thousand all at the same time is material in my books.
AIR seem to give performers shares and options away to their employees with ease so no doubt the company will replenish those shares in the future. Still this sort of selling can not build any confidence for retail share holders.
Couta1 you would be selling quite a few if you knew how mates and I are ripping through your grog in the lounge in Buenos Aires right now 😀 Divies will have to be reduced
So management have cashed up (sold) over 2.5 million shares this month - just boosting the pay packet
Senior management team (9) total remuneration F16 was over $15 million
Some say well deserved - I say what a junket this is
Its a very large organization with approx. 11,000 employees. If you don't pay well you don't attract top talent. Compare AIR's performance with how senior management at Virgin have been performing for their shareholders :eek2:
Senior pilots are also paid very well but would you rather have someone on the controls who's come up right from base level through the flight school ranks and has 20,000 hours commercial experience landing at Wellington in a 30 knot crosswind or someone from Jetstar trained predominantly on a simulator ?
Yikes - the Air NZ Senior Management team is less diverse than Heartlands
Of the 10 in the team only 1 female
Guess what - yes it's the Chief People Officer
Shocking stuff - not proud of my company
A recent study from MSCI found companies with strong female leadership generated a return on equity of 10.1 percent per year versus 7.4 percent for those without a critical mass of women at the top
... and I am sure you will be fine. How do they say ...they always come down, one way or another :sleep:;
No, seriously - I don't think that Jetstar has a worse safety record than AIR. What they however do offer is less and inferior service ... including the option to sell you a ticket but to not carry you at all if it doesn't suit them.
https://hbr.org/2011/06/defend-your-...ter-more-womenQuote:
What Makes a Team Smarter? More Women
There’s little correlation between a group’s collective intelligence and the IQs of its individual members. But if a group includes more women, its collective intelligence rises.
The research: Professors Woolley and Malone, along with Christopher Chabris, Sandy Pentland, and Nada Hashmi, gave subjects aged 18 to 60 standard intelligence tests and assigned them randomly to teams. Each team was asked to complete several tasks—including brainstorming, decision making, and visual puzzles—and to solve one complex problem. Teams were given intelligence scores based on their performance. Though the teams that had members with higher IQs didn’t earn much higher scores, those that had more women did.
Not very comforting for the males amongst us!
“Know the power of women in leadership. SHE makes a difference.”
Fearless Girl - Statue put up by State Street Global Advisors .....to encourage companies to be diverse at A senior level
What's going on with AIR - those managers sure know how to time their cashing in their bonuses by selling shares eh
At this rate, with no more excitement for a while, could drift back to sub $2
Meanwhile the oil glut continues and AIR continues to make well north of a million bucks a day. Hoping to pick some more up closer to $2!
http://www.marketwatch.com/story/oil...unt-2017-03-13
"Analysts are worried that the climb in U.S. production could lure OPEC members to abandon their output-cut pledges. Such a move could wipe out any possibility for the group to extend their production agreement beyond the original six-month period."
Gee, you guys are twitchy... and I am to. Sold mine before the divi date. Couta must have sold a bunch in the last week, haven't heard him talk the price down for a while.
air has still outperformed this yr say compared to dj air index ( which has turned down sharply last 5 days) - so maybe it is playing catch up now. and management continuing to sell never a good look.
i m surprised the sp came back at the end of the day
Good recovery today from 2.23. I'll look to get back in if it comes back to 2.14 before going to 3 :-)
I saw an Agile Coach job on seek today. I am tempted to take the contract just to get an idea of culture inside the building.... is that insider trading lol
Management selling so much is just not cool. It's what caused me to sell back in the 2.435 mark
Holders should be happy with divvy money flowing into bank a/c today....just in time to spend on some Guinness to celebrate St Patricks Day :D
February operating stats out today or tomorrow?
Probably be pretty good and wil give me more confidence in my forecast of F17 earnings being greater than $600m
Wonder when they will tell us about higher earnings expectations - Chris won't be able to keep saying around $500m for much longer, unless things are actually turning to custard.
RAsK numbers, both short and long haul, continue their decline v same period last year