Probably a silly question.. I'd like to go to the AGM being a shareholder.. do i have to RSVP somewhere?
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Probably a silly question.. I'd like to go to the AGM being a shareholder.. do i have to RSVP somewhere?
Hi Folks
Looks like this puppy is struggling to inch up ex div, any reason why and does this offer good buying opportunity at current SP level....appreciate your thoughts, esp from Roger :)
Hi sb9,
Good buying opportunity in my opinion. New Dreamliner is going very well, oil is relatively cheap, foreign exchange hedging is in place for the next two 787-9's at circa 83 cents U.S.
I think the current weakness is mainly reflecting political concerns. With Air's near monopoly on domestic routes there may be a little caution in the market as to what a Labour alliance could propose in this area. The market hates uncertainty so until a National lead coalition is confirmed, (which may not be until several days after the election), Air may remain a good buying opportunity.
The special and final dividends are paid out on Monday next week and it wouldn't surprise me if some people choose to reinvest them back into the airline's shares.
We should get operating stat's for August next week and the forthcoming annual meeting on 30 September is another opportunity for the Directors to update shareholders on current year's progress.
Remember the conservatives might leave Winnie out to dry still!
Trying not to unsettle anyone. I think its a given Winston will take all the time he feels is necessary to make a decision that's in the best interests of...you guessed it, Winston :)
I have plenty of AIR on board already so anyone buying today won't get any competition from me.
This might help grow the pie for the intensely competitive trans-tasman market.
Of course there is no mention of what the fee may be dropped by.
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Departure taxes in Oz under lens
Passanger departure taxes in Australia are being reviewed following a campaign to have the A$55 ($61) charge cut to help stimulate more transtasman travel.
Australia's Immigration and Border Protection Minister Scott Morrison has announced the Australian customs and border agencies would carry out the review of the services - which include charging - and was now seeking written submissions from the travel and tourism industry during the next few months.
He said after the tax office, immigration and border protection was the "biggest tax collector" in the country, gathering about A$3 billion in revenue each year.
Airport and security charges in New Zealand are around $35.
http://www.nzherald.co.nz/business/n...ectid=11327299
^^ Make a grab-a-seat $69 special to Queenstown look mighty appealing, avoiding all those pesky charges not too forget its arguably one of the most beautiful places in the world :)
Doesn't seem like there's any institutional demand for the stock until the election is done and dusted.
Very much so! I was in Canberra and got talking to a guy who was decrying how expensive it was to get to Thredbo for skiing, as opposed to Queenstown. There are definitely some further opportunities in the trans-Tasman market to improve both passenger volumes and overall yields.
Let's hope things pick back up after the election! Good luck to all holders!
smarts drive Air NZ success
http://www.stuff.co.nz/business/indu...Air-NZ-success
National Party had a great win in this election, hopefully AIR will be a very good performer on Monday like all other state controlled companys.
Yes its a real relief that we are not held hostage to potentially several weeks of Winston Peter's holding the whole country to hostage.
AIR got beaten down to $1.91 at the close on what looks like a day when many stocks were subject to index rebalancing in the final 15 minute match process. They traded most of the day at $1.94.
I expect in the unlikely event of an enquiry into regional fares AIR will easily be able to show that increases are justified based on higher airways and landing fees charges.
I'm expecting a good day on Monday and if for some reason it initially languishes at Friday's close then it's HAMMER time:t_up:
Good news for those of us who use the DRP potentially, if the price goes up in the coming week. The DRP price is determined the last 5 days after ex-div