Please please do not use that word on this thread
Sends the shivers up my spine and freaks me out
One reason why I don't trade AIR
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Well putting my philosophical analysis hat on after a tough day's SP action I'm wondering (seeing as the coy's dividend reinvestment scheme is presently inoperative), how many investors will initiate their own reinvestment scheme with their monster divvy cheque ?
He is not the point--the point is national is in bed with America (with all its bad habits)
I dont think to many think this will bring down National--But a wake up call on this matter is not a bad thing.. National needs the reigns pulled in as we have well seen in recent times--Those backhanders for financial gain(minister of justice -give me a break) is one of those American traits we could well do without.
Tend to agree, I find Rogers posts to have been by far the most informative, constructive and meaningful of all on this thread, and long may they continue.... So the XXXXXL swipe comes as a bit of a surprise. A mans size isn't relevant in any way shape or form to this thread, and Skid has a point, National could do with a reality check perhaps.
This day a year ago AIR was 135 which was 8.2 times F13 earnings
Today it is 197 which is 7.6 times F14 earnings
So great returns who held from a year ago - 46% plus 14% in dividends plus any imputation credits
But what must a few including Roger is that the market thinks less of AIR today than a year ago (lower PE)
If the market had just maintained how it felt about AIR (held PE) its shareprice would be 212 today
Maybe modandum was right - the more AIR make the lower the PE
Bit puzzling eh Roger - maybe after ASM it'll all change. But last year the ASM didn't seem to change things.
It was the sell down that boosted the price .... maybe a Greens buyback next year will help
Not sure what E figure you're using mate ?
Based on statutory profit after tax, (includes fuel and currency hedge gains I get $262m / 1112m shares for EPS of 23.56 and a current PE based on today's low closing price of $1.97 of 8.36 so PE has expanded a little. Nice try :) Use the profit figure excluding fuel and derivatives gains and the PE has expanded a little more so your contention and mod's theory don't appear to hold water.
If the Greens talk to me nicely I'll let them have mine at $3.30, (hey they can pay a 10% premium to fair value if they want them) :D
Being lazy, Roger, using a 25.85 cents per share as per Morningstar database which they call normalised