Keep putting it off until either
they know they don't need it (well until the crisis) or
one minute to midnight.
Disc: Never invest in airlines.
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Keep putting it off until either
they know they don't need it (well until the crisis) or
one minute to midnight.
Disc: Never invest in airlines.
Trade it and fade it...
Some time next year all those loans should be converted to equity giving the government at least 80% ownership and leave the other shareholders lamenting their losses.
Could even do a proper job and buy the leftovers at 10 cents to soften the blow for the current loyalists
well will they? adding the PAYE to the loan at zero interest. Will the major shareholder just keep making the company take out loans?
the longer they can string this out and hope the new plan to re open the border in a limited form by xmas gives them some hoped for options.
the options being pray they can kick this down the road again.
Kick the can of worries down the road...what could possibly go wrong :eek2:
Be back under $1 soon
The Govt know it isn't worth $1.47 per share so they don't want to provide capital at that valuation. They also know that they won't be popular with shareholders and others if they try to recapitalise at much lower price than the current share price so they are just waiting (and providing liquidity) until the market finally sees the writing on the wall and adjusts the market price to a more realistic level then the government can ride in on a white horse and save the day. Then they can sell back to public at a profit in a few years time
Sounds familiar. History "never" repeats ;) Rinse and repeat over and over as various catastrophes, misguided Ansett misadventures or future pandemics allow and every good year in between collect many, many hundreds of millions in PAYE, GST, taxes and dividends. Seems like a great scam, opps sorry, scheme. Why bother nationalizing it when they can repeatedly keep fleecing minority shareholders ?
"Kick the can of worries down the road...what could possibly go wrong"
"seems like a great scam, opps sorry, scheme."
thats the plan!!!!
The whole plan!!! You have it in a the palm of your hand for us all to ponder!
The SHAZ will get diluted and its a repeat of the last bail out....
You can plan your destressed asset strategy on that basis.