Do all AIR planes have black wings?
And if not, why not?
Black wings allow them to fly longer
Albatross
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Do all AIR planes have black wings?
And if not, why not?
Black wings allow them to fly longer
Albatross
short again.
Attachment 12727
prepared to add higher.
Interesting article in the Herald today about the rise of the retail investor through platforms like Sharsies.
Where are they investing their money ?
Where Kiwis are investing:
The 10 most popular holdings by amount invested
1) Air New Zealand (NZX)
2) AMC Entertainment Holdings Inc (US)
3) a2 Milk Company (NZX)
4) Tesla Inc (US)
5) Gamestop Corporation (US)
5) Fisher & Paykel Healthcare Corporation (NZX)
6) Smartshares NZ Top 50 Fund (NZX)
7) Smartshares US 500 Fund (NZX)
8) Mainfreight (NZX)
9) Meridian Energy (NZX)
Not targeting value anyway. At least MFT is on there. Of interest to me is will NZF and USF still be on there in 12 months now sharesies charges buy/sell fees on those now and investnow, smartshares etc don't.
Anyway back on topic it maybe explains the share price being so high.
Like most here I can't relate the SP to reality. Tough times for airlines (and Gamestop).
Struggling to do the capital raise my guess due to FMCA requirements on a cash issue. Which Director or member of the DD team wants to sign or take liability. Insurance does NOT cover costs defending criminal charges if that ever emerged btw. That is why anyone signing is exercising the upmost care.
Mr B on Variants. Would now be the time most variants emerge as the virus is at its peak or approaching it.
Cap Raise must be the hardest thing to get away now at anything like above a 1.20 give or take 60 cents.
Does anyone have any insight on the staffing implications and hence financial impacts? I.e. is AIR going to have to keep all transtasman staff on full pay during this 2 month period?
Long day at Rainbow's End with the grandkids...very tired dog.
Initial thoughts. Not surprised by the popping of the bubble. Greg Foran recently said AIR were in the (from memory) "Revive" phase. At the time I thought it was a very bold call, now its clear he's either playing "Charades" (would be if he said it now), or trying to put lipstick on a pig in terms of the pending capital raise, (which clearly was his intention at the time).
I called it months ago, its FAR FAR too early to invest in the reopening trade, be it airlines, hotels, cruise lines, tourism stocks or anything else related to reopening. Simply no mileage in going there, in my opinion. I think Covid variants are going to dog us for many years. The smart money is doubling down on retail that will benefit from record stay at home expenditure for the foreseeable future, probably many years.
Capital raise to be pushed back again or Govt underwritten...those would appear to be the two most logical scenario's. Probably under $1 when it happens. Maybe 2:1 at 75 cents ? (Would raise about $1,680m if fully underwritten less underwriting fees).
"Foran said affected Air New Zealand crew would be kept on and paid their base salary for the eight weeks."
That ought to increase that cash burn.
https://www.stuff.co.nz/business/ind...-home-ceo-says
"Long day at Rainbow's End with the grandkids...very tired dog."
A more noble an occupation of ones time could not be found!
It appear the public will be farther encourage to see the country in the spring and some extra holiday pay would help with this.
RBNZ might need to start some money printing again.
Tourism stocks for flights are now a trade.
Oh they stopped that assuming the hot state of the economy cant support it.