If Kiwis cant fly, do we need an airline?
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If Kiwis cant fly, do we need an airline?
"Cant believe people still wanting in on this!"
who ever is wanting "in" they are not the ones commenting here. is there another forum or group somewhere who have a different set of numbers to the ones most here seem to be using. Millions of dollars chasing millions of shares cant be wrong!!!!
This might go some way to partly explaining the over exhurberance with AIR SP.
Lots of new investors from those who found the sports & other forms of gambling outlets closed down due to the pandemic, plus easy online trading platforms, & social media, now getting into shares like airline stocks which had in the past a good record.
Disc, sold out completely of AIR earlier the year & put all that money into ATM
https://www.stuff.co.nz/business/opi...-NGDSgmO1g_ack
"... that's what the Dutch people said during the tulip bubble as well"
and to think i still have a KML credit i think for this years flight from sweden down to amsterdam... wont get to see the tulips in bloom... ahh well prehaps in a few years time.
"Air New Zealand's Domestic Business Is Well Positioned for a Quick Recovery; Shares Undervalued"
Morningstar 28th Aug ......TP $2.00
What is going on !!
The CEO on Q&A this morning: “I’m confident that in a matter of years we will be back to some level of normality with flying activity”
If a useable vaccine comes out, even one that has to be redone every year, what would these shares be worth.
Theres a term called " Revenge Buying" that I noticed recently. If that was applied to Intl travel, airline, holiday and cruise companies would go ballistic. Remember after the Spanish Flu the world recovered with the Roaring Twenties and life was good ( well for 8 years or so).