Another shocking day on the NZX but AIR is up
That’s good
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Another shocking day on the NZX but AIR is up
That’s good
If once each generation the national airline needs taxpayer money to keep going politicians should act to break the cycle or at least limit the liability.
I propose if this scenario arises from the present crisis politicians should revive NAC the former domestic carrier and commit to only rescuing domestic flying in the future.
International flying can be undertaken by private parties without the burden on the taxpayers of the Cullen Put or flag airlines of other nations. If one of the international carriers falls over there are plenty of others who can fill the gap.
Boop boop de do
Marilyn
For cyclical companies like AIR, you can only make fortune to buy at cycle low. Surely nobody knows how low is low. One solution may be dollar cost average. I have started to buy at $2, and plan to buy more when SP drop every 15%.
At current price, AIR is less than its book value. Looks attractive.
Okay, Total Equity as at 31/12/19 was $2,014m on 1,123m shares = total book value of $1.79. They did not accrue the 11 cent dividend in these financials so adjusting for that, which is about to be paid total book value per share = $1.68. http://nzx-prod-s7fsd7f98s.s3-websit...043/317644.pdf