Unfort timing for Craigs latest research on AIR , out this morn. Buy @$2.65 target $3.30 Forecast net yield 2015 5.7 %...2016 6%
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Unfort timing for Craigs latest research on AIR , out this morn. Buy @$2.65 target $3.30 Forecast net yield 2015 5.7 %...2016 6%
I also hate Jetstar and will not ever fly with them again regardless of price after an unpleasant flight to Melbourne a few years ago. I don't forgive and forget even if it may be a little irrational. Will be interesting to see the announcement at 2pm, what exactly they are proposing.
To the battle stations everyone, a pricing war is to begin.
Expect Air NZ to defend their position fiercely.
Will be interesting to see which routes are announced.
Was only a matter of time, especially with the poaching of Grant Kerr.
Eagerly awaiting 2pm.
I've been looking at Airline stocks recently, both Qantas and Air NZ looked to me like a pull back and I was tempted to buy put didn't.
Qantas couldn't seem to break out of the low $3.20's though and has today fallen to $3.14. The AIR chart now looks like a no flying zone.
It may very well just be that both Qantas and Air NZ have had their run and with both economies under pressure, I would imagine corporates are throttling back on non critical travel which is not going to help any airlines. Is this part of the natural cycle of an airline? and are we about to enter a new phase?
Another possibility is the transfer of A320's from Jetstars struggling Asian ventures to Aoteroa.
I reckon the Queer and Nasty family not having any flights btween CHC and BNE was an oppourtunity going begging.
Boop boop de do
Marilyn
http://www.nzherald.co.nz/business/n...ectid=11467277
Here it is....
http://www.newstalkzb.co.nz/news/nat...gional-routes/
5x Q300's. AirNZ has 23 plus the rest of the domestic turbo prop fleet (54 in total). Doesn't look like a shake up to me.
A few really Old Q300's with sardine like 29 inch pitch seats and no service...not even a smile...yep, I'm shaking in my boots. Reality is this will simply grow the market as cheap arse punters who would not have travelled or taken their car choose to fly instead.
I bought my first AIR shares today. A bit of a base formed re $2.40. Since the announcement @ 2pm buy vol has increased and s.p now $2.43 and rising
Damn I wish I had spare capital and hasn't topped up at 2.60 now
Yep, I got a fill for my increased holding at $2.41 immediately after the press release. At $2.60 these were already an incredible bargain trading on only 6.5 times consensus FY16 earnings of 40 cps.
Stock trades cum its final divvy in just over a couple of months. AIR are now really compelling value and this announcement by Jethole will simply get more people flying and grow the market overall.
Welcome on board, please fasten your seatbelt firmly and ensure you precious belongings are stored under the seat in front of you or in the overhead locker :)