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When the price of a new 787-9 is close to USD$300m these guys really can't even afford to pay for 1 new aircraft. What happens in 2 years when the current fleet is another 2 years(10% of life) down the track. It is impossible to see these guys returning to profit for at least 2 years from now. In that time they will burn over $1bil(ignoring having to refund tickets). How are they proposing to pay for the 8 787-10(circa USD$2.5Bil or NZD$3.5 billion) starting to be delivered next year??? Debt? Yeah go find that funder!
I think they need to raise at least $1.5 Billion in this first tranche and probably another similar amount in 2 years time. Completely uninvest-able for the foreseeable future in my opinion.
"pretty much falls on deaf ears."
great it will be a great trade soon after they all pay for there cap raise or hopefully they ignore it ....
it could be a great trade after cap raise no 1..
trade the SHAS
we call them the SHAS people .
This is so accurate. I’ve heard so many people, who have started speculating on shares since March 2020, saying some variation of that. They think because the govt. may save the airline, that they’ll also save the existing shareholders. Even in response to the capital raise announcement I’ve heard them phrase it like the govt is baling out their interests as a shareholder, with apparently zero appreciation that they’ll soon be diluted to oblivion :) :(
we are waiting not to trade the investment.
we are waiting to trade the SHAS.
Are WINZ offering a Special benefit for the boys & girls being brave & investing a few pennies in Robertson (Sometimes) AIR ? ;)
They probably should, as it may not end well anytime soon .. ;)
The whole experience is likely to be life threatening, emotionally damaging & seriously hazardous in any number of ways , whichever way one would be forced to very bravely look at it .. ;)
pennies...
1.2 million bought today...
it looks like they will keep buying after the cap raise..
the share price will go up... buy after the raise and the price slumps for a SHORT TIME...
trade the SHAS
https://www.nzherald.co.nz/business/...OMBTR6BI7DYXU/ Paywalled
Deep in discussions with the Govt regarding the capital raise.
The SHAS dont follow Mr B.... thank goodness for that else they wouldnt be a trade.
In fact im sure the SHAS dont read this forum...
Damn it the global tourism stocks are rallying years ahead of when they should...:eek2:
more money coming from the government in the press today..
Looking at the share prices of the cruise lines, hoteliers and overseas airlines I think that's exactly what's happening.
Doubt Mrs B and I will be engaging in international travel anytime in the foreseeable future. We had a nice suite booked for a cruise to Fiji last September...doubt that will be rebooked anytime soon.
I will be booking an international trip as soon as I can as will many of my family/friends. I think international travel will bounce back ALOT faster than the 10 years put forward by Foran. And I would bet on it by buying AIR shares if I didn’t think they were already priced for a quick bounce back (and then some..).
there will still be time to buy more travel shares...cash burns are still negative..
perhaps Mr B might cruise the sounds of the south island instead, or the south island lakes.
Autumn is the fabulous season in the cloudy isles.