Overseas shareholders normally get an adjusted dividend reflecting the imputation effect. I have never worked out the arithmetic on it though.
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LOL, who cares :)
https://www.nbr.co.nz/article/virgin...more-ng-214418
I dumped most the holdings last year but can’t recall when and left small amount in to hedge the bet a bit but 22c in divvies plus imputation credits since then brings it back up beyond the 3.56 mark on my books. Either way happy with the ride
https://www.msn.com/en-nz/news/natio...cid=spartandhp
Must be a slow news day. Nobody ever had to make an unscheduled stop at their mechanic's to get something fixed on their car...YAWN
Something more interesting to read if you're as sick of the endless ATM debate as I am - https://www.msn.com/en-nz/news/natio...cid=spartandhp
Air NZ named 2nd best airline in the World by Tripadvisor, Singapore Airlines came 1st https://www.tripadvisor.co.nz/TravelersChoice-Airlines
Well done AIR
https://www.routesonline.com/news/38...anges-in-nw18/
Changes to Tasman services announced post the DE-coupling from Virgin...
Interesting (maybe) that no A321 NEO's in this announcement...Are AIR still unsure when these will be delivered, due to issues with the new engine's?
All up Tasman capacity is up around 15%..with the A321's still to come.
Considering that's the people's choice and voted on by many thousands of users rather than some arbitrary panel of experts that's high praise indeed.
https://www.msn.com/en-nz/money/comp...cid=spartandhp
Interesting given Virgin's outburst the other day. Pretty clear this is AIR's way of giving Virgin "the bird"
Silver medal eh, not quite the same as Gold, but OK I guess for all the effort. Might not quite make the same impression on history. AIR needs to smash Sing Air out of the park, be the best on the planet. Well, after they deal with Shane Jones .. annoying fellow that he his casting dispersions on our national airline because of their "rhetoric" around social responsibility and even going as far as not-quite-but-really-close slandering the whole board who of course now include our own ex-Prime Minister and folk hero John Key, soon to be Chairman I reckon.
The new trans-tasman routes and flights are targeting the routes previously flown by Virgin, they will struggle to hang on. Won't be surprised to see Virgin replaced by Tiger in a year or two.
Air NZ seems to have prepared well for the end of the alliance. They opened new or revamped lounges in Brisbane, Melbourne, Sydney and Perth over the last 3 years and use Qantas's lounge in Adelaide. Also saw a few Air NZ ads on TV when I was in the Gold Coast last month as they work hard at building up the brand and direct bookings in Australia.
The new routes should also help alleviate the Air Auckland label they have!
Key alliance stat for me though, was that Air were making 80% of the bookings but doing only 70% of the flying. If they can get that to 80% or 90% and make Virgin a marginal player they should see strong profit growth on the Tasman and on onward flights to North and South America.