For sure, building a case for existing shareholders to take out their capital now (sell) and wait for the bargains later (buy).
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Was there not a share consolidation after that? 1 for 5 if I remember correctly. This would have made that 21c about $1.
Twenty years can pay havoc with memory though.
Memory was correct.
https://www.nzherald.co.nz/business/...PKL4ITN7KUBXU/
If MR B is correct and the percentage rate must be high. What will the SHAS holders do and will it have a spill over to other stocks on their investing mind set once this plane lands, hard landing i suspect.
many wont have heard of a cap raise until now.
Not something anyone wants to see when they pay extra for their window seat :scared: https://www.stuff.co.nz/travel/trave...gs-in-us-japan
Has AIR got any of those engines on their 777's ? Does it really matter if all their 777's are ostensibly nearly worthless ?
"I mentioned capital raise to my 18yo and was news to her."
well yes and there is the letter from the Finance Minister which is a very nice letter......
I wonder what MR B has say about that lovely letter?
The letter almost said "fait " accompli...
I think that special bond called the going japanese should have been created and then hedged by a bitcoin purchase and the reserve bank could have been sitting pretty like Telsa.
Thank you Mr B...
been practising my conjugation in french at weekends "fait"!
french lesson from Mr B....thanks..
So AIR has already drawn down $350m from the high interest government loan?
And as for the rest of the results, they are terrible, as expected - just crazy how the share price has been kept at hugely elevated levels
...and still sitting on $1.1 billion of 'Revenue in Advance'....ie prepaid fares including all the credits
One day this must hurt them
So $45-55m cash burn going forward for rest of financial year, then they say cash burn will actually increase!! That includes the govt propping up cargo. They say they have used up over $1bil since the start of this. Over the next 12 months say they will use up say $550m based on low estimate (ignoring the signal of an increase) to say $800m using $55m per month and increasing after end of FY. This is insane.