where did you read about the China vaccine? I haven't come across anything about its efficacy. would be disastrous if that's the case since, as of last week, China has already administrated 1 billion doses, domestically
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I see there's an attempt to crowd fund saving the last AIR 747-400 from the scrap yard, (need to raise $2.5m)...the mind boggles as to how much of that goes to in administration to the person running the campaign. If people are interested in investing in AIR for philanthropic / nostalgia reasons maybe that's a better investment ?
You are absolutely correct - fundamentals don't seem to support this market price.
On the other hand - what would be the fundamentals for e.g. various cryptocurrencies who provide neither assets nor earnings? People still pay real money for them. What happened to the fundamentals for the various Gamestop surges earlier this year?
Market frequently chooses to price securities without consideration of their earning potential.
Market consists out of unpredictable and irrational people with habits which used to be useful over the last million years.
- if this branch used to support my climb for many years, it probably is still fine. If this share was good two years ago, than it still must be good?
- if the herd stays, the environment must be safe, otherwise they would run, wouldn't they?
- greed and fear are important drivers. Share used to be more worth, so it probably still is (greed)? Currently it is quiet ... means perception is no need to run (no fear).
Many invest (too much of) their money in lotto tickets or in casinos, knowing that statistically they will lose. They still keep throwing more money into the same pit. Why would we expect them to behave different in the share market?
With tradeable securities like shares there is at least the option for holders to get out before the hype does ...
I don't understand how it has held up for so long.
Who is holding a flatlining AIR for the last 12 months with huge potential downsides while watching the rest of the market go gangbusters?
https://www.stuff.co.nz/business/125...cluster-in-nsw
Covid-19 NZ: Air NZ cancels 28 flights to Australia following cluster in NSW
In 24 months the cashed up big boys will come out swinging. This sector internationally will be very tough after this reset. Not all will survive IMO.
AIR will struggle to make money on international, only surviving by dodging competition.
Meant to include quote. See below
Double up as above
Double post.
I will say this again after saying it over 12 months ago. AIR should drop into receivership, grab what it needed to operate critical air bridge for NZ high value export support. This way you can terminate the ridiculous employment handcuffs. Over time expand a dedicated freight operation and run limited long haul pax op. If you run the carbon numbers AIR should have to bid on carbon restricted pax routes. It is going to burn cash at an extraordinary rate going forward.
Effectively this is NZs biggest social welfare program , one that is paying some beneficiaries over $400,000 a year.
Great post, however - looking at the remuneration of the beneficiaries you forgot one order of magnitude.
Here are the top AIR salaries from last years remuneration report - and I copied only the numbers above $400,000 p.a.:
Attachment 12661
Top earner (not sure - was this Greg Foran, he started only early 2020?) weighed in at 4.4 million dollars per year! Great tax payer paid benefit ... could I have one of these as well?