Back to where we belong, the $3 mark....in between punters took profits by driving it up and pushing down...
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Back to where we belong, the $3 mark....in between punters took profits by driving it up and pushing down...
http://www.4-traders.com/AIR-NEW-ZEA...407/consensus/ $2.77 now for what it's worth.
I feel sorry for people who have to rely on these analysts. This time last week, 31 May 2017 they were telling their clients the shares are only worth $2.10 in twelve months time 31 May 2018, implying sub $2 now and that with the SP at $2.85 ! "Blind Freddy" (obviously the market is not nearly as blind as the analysts) could tell you after carefully studying the three lots of monthly operating stat's the company had released since late Feb that the environment had improved but not a single analyst took it upon themselves to upgrade the stock since late February and waited for management to spoon feed them the information on 1 June.
Moral of the story, serious investors should study each and every set of monthly operating stat's very carefully indeed. The market is now saying that analysts FY18 and Fy19 estimates are too conservative and I tend to agree. This hound is very happy to sit by the food bowl and enjoy regular dividend feeds until the feasting really begins in 2020 :D
As Arnie would say ,I'll be back to this food bowl at some point Roger, mean time I have more urgent food requirements of a Scaley nature.:D
Another close at $3 - good eh
Has to kick on from here doesn't it?
Headlines say oil prices tumble overnight
F18 looking better by the day for AIR
Will be the 2nd best year ever I reckon - so somewhere between $550m and $800m which suggests $600m plus
Surely $3 will look cheap in a few months time
I think as we come into 1H FY18 and lap the period in time when the 10 new airline's that started services last year in that period had their red hot opening specials running for months on end the yield comparatives will start to look good. One thing the company has shown us this year is their business model is extremely robust. This augers very well indeed for the future.
So $3 was just too tempting for senior manager Whittaker
Just cashing in his outrageous pay cheque - good on him
LOL doesn't that last part count as a ramp PT :)
QAN now clearly blown well past the $5 mark so maybe sometime soon the obviously more favorable sector dynamics will enable institutional investors to perceive fair value above $3, or maybe not, time will tell.
http://www.nzherald.co.nz/business/n...ectid=11870615