Very sad and about to look much sadder.
He wasted a lot of money on "greenwashing".
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Very sad and about to look much sadder.
He wasted a lot of money on "greenwashing".
Forsyth Barr reduced its target price per share to 70 cents, down from $1
https://www.stuff.co.nz/business/121...-analysts-warn
Wait till you hear about what AIR isn't doing. For one ,staff from an international flight from LA can fly home on a domestic flight. How do you run an airline viably with staff that dont do the 2 week stand down after every flight from a highly infected country.?
As usual no one has mentioned the positive news of ~$70m more potential cash in the kitty from the increase in the NZD. That might get them through 2 more months. $37m more coming from the wage extension too, another month.
As at mid June, Air NZ is flying 50% of its domestic capacity and expects this to increase to 55% next month. Qantas in comparison is flying 40% of its domestic capacity which includes a number of subsidised routes.
Air NZ seems to be doing well out of cargo and must have decided might as well sell some tickets too. Flights to Japan and Shanghai resuming and code-share flights to Singapore with Singapore Airlines. Likewise with the 787s flying between Auckland and Christchurch full of cargo.
There will be a capital raising eventually but it won't be the going out of business bargain many are expecting.
Brokers estimates are as reliable as horoscopes. No correlation with reality, however given the randomness (of either reality or the broker numbers, probably both) does it happen from time to time that they are correct. Similar with a broken clock.
More interesting than the value of the brokers forecast is typically any change in this value. Any forecast changes are either triggered by external events or alternatively by changes in the brokers interest. Always worthwhile to analyse these changes ... :):