Goes to show you can't always predict the market even when the company is looking rosy, I thought $2.05 would have bottomed it out but then big volume arrived yesterday with a keenness to sell and that changes the whole game.
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well...I guess that answers my question
White-noise in the scheme of things, just a chance to pick up more cheap. Remember their growth prospects are still fantastic, I would be surprised it it was at $2.25 in 2 months.
Maybe yes and maybe no-but its still interesting in terms of the buying in relation to Dividend theory
As for the growth prospects ,airlines are one of the harder COs to make assumptions on-there are just so many variable factors involved--(price of fuel-will the dream liners live up to expectations?,and if so ,thats a big plane to fill if demand drops off for some other reason) Will they increase landing fees for a plane so big that when 2 land close together it chokes up the airport facilities?
Im personally looking forward to them over the 777s but going big, ups the anti in many ways for the co. and if they cram them full of seats (like they have done with the 777s) i think it could come back to bite them in the long run.
The last man in charge did a good job--will this one be able to step up?
All that aside -It looks like it would be better to have bought on Fri than before the Divi.
According to the well regarded Australian Aviation magazine September issue (available at your local Witcoulls), the new Dreamliner has been on the Sydney route since early August. The manager in charge of flight operations is reported as saying its performing exactly as expected. Passenger feedback on the flight experience has been very positive and the staff are also really enjoying it. There's another one due this month and a further one due before Xmas.
Its a very important matter that this new type is performing right up to its specifications as there's lots of them coming.
Hi folks. Certainly a precipitous fall in the NZD over the last few weeks. Here's hoping for a recovery post the election (and a good election result). With hedging in place at c.83c it would take a further fall down to around 75c before I started cutting estimates, but it has been bad timing given the USD capex coming up. On the other hand the euro has dramatically weakened (A320's and ATR's are Euro).
The next catalyst for the stock is the annual shareholder meeting.
Oil is close to an 8 month low and substantially cheaper than it was 3 months ago. (e.g.Brent is down about $U.S15 a barrel).
I'd be surprised is they weren't almost fully hedged regarding near term capex.
I should add that my pilot friend at AIR tells me that they've got the tarmac turnaround time down to 1 hour from 2 hours, (which is very important). He also tells me its great that AIR specified the 787-9's with Rolls Royce Trent 1000 engines as the other engine variant that some other airlines have chosen have major problems. I'll cut and paste some of his e.mail which explains it better.
They got the better engines I believe. B747-800s and b787s with the GE engines have a major problem with ice crystal icing causing flameouts. So much so that operators with the GE variants are told to avoid ice crystal icing conditions at all costs. Usually ice crystals are at high altitudes above or in the tops of or in the vicinity of thunderstorm type clouds.
They should be popular with pax with the bigger windows, lower cabin altitude and better humidity.
Here is link to a fuller explanation of the engine icing issue Roger was refering to.
http://blogs.crikey.com.au/planetalk...rced-landings/
Boop boop de do
Marilyn
PS. On the other had it was a Trent engine the blew up on the Queer and Nasty Airlines A380 at Singapore.