He's a nice bloke and well overdue for some good fortune :D
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He's a nice bloke and well overdue for some good fortune :D
There's been a lot of comments that the stock seems to be a bargain at the current SP, and modandm has previously mentioned lobbying for a special dividend, but perhaps an increase in the scope of the share buyback scheme is in the best interests at this point? The DRP was suspended a while back too, perhaps time to reconsider? Personally I've ended up using the dividend proceeds to top up with mostly AIR on the dips anyway.
can you confirm re DRP plan?
The form is still available on their website
http://www.airnewzealand.co.nz/shareholder-forms
I see the "shake-out" player as mentioned by Hoop ( http://www.sharetrader.co.nz/showthr...ll=1#post49166 ) is still at work.
The company has record low gearing and I expect well north of $1 billion of cash on hand as at 30 June 2014.
A special dividend to celebrate the 75th year of the airline seems appropriate to me. I think a special fully imputed divvy of 10 cps would be nice and would cost them a fairly modest $111m and hardly even make a dent on their massive cash stock-pile.
Lobby them at investor@airnz.co.nz
The more people that send them this suggestion the more likely they are to do it :D
Roger - what is most of that billion in cash?
I still recall years ago the CEO touting a billion in the bank ....no worries mate .....right up the day of the govt bailout
Yes fair comment that most of it is tickets paid pending delivery of service but the record low gearing isn't debateable mate :)
Flight check Seattle to Auckland - Delivery flight of Dreamliner - Pity they didn't
invite some investors with large holdings along 1/3 rd full seems like a missed
opportunity to me.
http://www.nzherald.co.nz/travel/new...ectid=11293778
Dreamliner 787-9 struts its stuff at Farnborough air show
http://www.bing.com/videos/search?q=Boeing+787-
9+Dremaliner+display+at+Farnborough&docid=34759783 3072&mid=F3885085D52
B63061E03F3885085D52B63061E03&view=detail&FORM=VIR E4#view=detail&m
id=F3885085D52B63061E03F3885085D52B63061E03