Was part of Covid support package ....FBT/PAYE deferral and bring forward tax losses
The $300 odd million is a lot of dosh eh ......saved from drawing down the govt loan ....but in reality it is a government loan but different words
Printable View
History never repeats, right ;) https://www.airchathams.co.nz/charters/dc-3-charters
Hard to see them making a taxable profit for next 5 years, maybe longer as the new 787s come online with that nice juicy depreciation lol. Long haul as a business is effectively gone as we knew it. Auditors are loath to allow tax losses on balance sheet unless there is a clear path to profitability.
I take nothing from the domestic travel uptick. You have everyone locked up here so not much else to do. All that money that used to be spent in NY, Aspen and London now here. Remember when NZ Stats used to report on offshore spending by travellers. Now that would have been great indicator early last year but I plain forgot about it(along with every other analyst/forecaster/economist.
I agree. Impossible to see them making a profit after all costs and depreciation in the foreseeable future. The auditors are going to be under a lot of pressure ! I'd absolutely hate to be the audit partner on that job :eek2: Maybe they should just give up on long haul altogether ?
Jarden trimmed their valuation of AIR to 95 cents
Methinks they are still being particularly generous with a number like that.
https://www.marketscreener.com/quote...407/consensus/
I've never seen analysts that bearish on a stock. 3 Sells !! and I think those analysts have it right and the other two are miles off the mark especially the one with fair value at $2 :eek2: What type of happy pills have they swallowed ?
Average assessment of value is $1.30 and lowest is 71 cents.
Does this mean that any sort of opportunity around the large Cap Raise etc is out the pilot's small side window ? ;)
I may have to consider redirecting a buy of a solitary entertainment value lonely single share elsewhere instead .. ;)
They have to raise capital. Guess who's last man standing and the only one left underwriting the capital raise ;)
Post Cap Raise SP Broker assessments could be interesting .. ;)
wonder if some of the brokers & other experts will still be seeing fresh air below the job ? ;)
The first $300m of any capital raise goes to pay that deferred PAYE
Suppose they need $1.4billion all up
And then hope that lasts for a few years.
with the china vaccine looking like its a dud and third world countries all but knocked out and India in a dire state this thing is looking like it going to last another year at least as everyone will say "Of course we all know this"
of course you know because you are all whatching the 3rd re run of Grysons's Art Club on art's channel, arnt you? Im assuming there will be a 4th re run later this year.
anyway how far does this cap raise last? what the PL burn rate per month?
I can't believe this is holding at $1.59. I'm not short because, well, who would short anything in this crazy world. But you'd have to be on crack to think Air NZ makes sense as an investment at $1.59. I can model highly optimistic scenarios that have almost no chance of happening and I still can't get to $1.59 if I'm, you know, considering it as an actual business thinking about things like cashflows and EPS (I know, who does that??).
Strange times.
well one feels angst to say that the much loved national carrier should be a short.