Down 2.5c. Share price resilance continues to amaze.....:confused:
Stays higher than their planes.
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Down 2.5c. Share price resilance continues to amaze.....:confused:
Stays higher than their planes.
http://nzx-prod-s7fsd7f98s.s3-websit...749/357948.pdf
Pages 11 & 12 are very interesting. Only $1,045m liquidity remaining and much of that will be passenger pre-paid travel and ostensibly all gone by the end of February 2022 :eek2:
Airpoints worth anything in March 2022 or spend them now ?
How can they publish this today ?
Attachment 13150
when this yesterday
https://www.nzherald.co.nz/business/...VWIN62B3JOY7M/
Air New Zealand cancellation of domestic flights into early December has sparked customer anger and complaints to the Commerce Commission.
One customer said the airline was "currently doing mass cancellations" of domestic flights
And notice how their comments are all past tense
That registers a big fat "Corporate B.S." to this dog's nose and makes me wonder what else in their presentation is also B.S. :eek2:
Better redeem those airpoints in case they decide with a stroke of the pen in early 2022 the whole airpoints system needs to be "improved" which is almost always code speak in the Aviation industry for radically undermining the value thereof.
They are adding additional seats after they have cancelled the previous existing ones but at double to triple the price. Lol
They haven't really withdrawn cashfliw guidance. It is still there. Jan and Feb basically circa $125m per month in the hole with one of the 3 IRD Payments still to make. But what I don't get is they repeated what MoF said. The company not stable enough for the govt to support a cap raise. Are people not reading this?? In the zombie airline wars AIR the king zombie. Will expand my position I think. Only 4 months to go. I stick with my forecasts. Net assets to basically nil at cap raise, can't believe they can get a waiver so we will see an offer doc. Cash issue 50 cents. For 8 months I had quantum at 1.5b firm. Now $1.5 to $2b. That will leave around $1b in cash. Credits keep rising. Second cash issue $750m late 2022.
double post
AIR set to make another substantial call on govt's 1.5B standby fund as domestic & business travel hit hard by latest lockdown restrictions, with airline operating at only 40% normal levels.
Already drawn down $445M but expected to grow to $900M by end of Feb.
Previously said burning through $25-$35M month but no longer forecasting how much due ongoing uncertainty.
(Sorry, this much a repeat of earlier posts today. )
https://www.rnz.co.nz/news/business/...9-restrictions
Pretty cool …. eplane flew across Cook Strait Blenheim to Wellington
Yet the SP still holds steady. Is it possible the belief that all will be back to normal again at some point in the future is enough to prevent the SP from falling much lower (to levels discussed earlier in this thread). Even with the massive accumulated debt and looming capital raise. Which will in turn dilute existing share holders as the Government would secure the majority of Cap raise shares at a discounted price. Then the funds from the Cap Raise Air NZ will need to use to pay back the government the $900M loan. Works out well for the government, not so well for existing share holders. Yet the SP continues to disregard these fundamentals.
OR the other way of looking at it is even if shareholders are technically diluted, does it really matter? It would only matter if Air NZ had a takeover or the business was sold. Only then would the fact shares had been diluted would become relevant as the shareholders would receive less per share of the takeover bid/ sale of the business. But what's the likelihood of that ever happening? As long as there is no takeover sale of Air New Zealand, then all shareholders really care about are dividend returns and the SP. Dividends won't be there for a long long way off. But at least if the belief in the company keeps the SP up then the argument that shareholders will be diluted would be irrelevant wouldn't it?