Did I just see someone buy 1600,000 shares @ 2.57.. that's what just showed up in my asbsecurities chart, or is that some sort of browser trickery?
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Did I just see someone buy 1600,000 shares @ 2.57.. that's what just showed up in my asbsecurities chart, or is that some sort of browser trickery?
I'm seeing it too. Volume of 1.9m versus the 256k visible on NZX.com (NZX being delayed 20 minutes, and I think the quote summary on ASB securities is realtime). Refreshed and sometime between 11:40 and 11:44, 1.6m shares changed hands in a single trade (37 trades versus the previous 36)
Yeah, 1.6ml transacted off market @2.57. Looks like someone (big instos) is accumulating in the past few days...
If it's off market, it could be NZSF. They've been shunting their shares from direct management to instos (https://nzx.com/companies/AIR/announcements/266696) so it could be more of the same.
Two articles of interest:
Qantas, American Airlines partnership 'benefits passengers'
"Qantas and American Airlines have gained interim approval from the competition regulator to deepen their alliance on trans-Pacific routes despite opposition from Air New Zealand."
http://www.stuff.co.nz/business/indu...its-passengers
New Air Canada flights raise prospects of trans-Pacific price war ""
http://www.smh.com.au/business/aviat...08-gi7tlo.html
Only interim but methinks AIR a little concerned
http://www.smh.com.au/business/aviat...0150709-gi89pe
Retesting the 200DMA again after smashing down thru the 60DMA on re 8th june. Must be a fair few punters underwater atp following enthusiastic buy raves . Hopefully AIR picks up again leading to the Dividend but competition for the skies AIR flies is increasing.
I hear they are going to do some body paint adds again and use really sexy women so we're all good :D
If last night's flight from Hong Kong is anything to go by biz is pretty good for AIR.
Flew back from Honkers to Auckland on NZ 80. Applied to upgrade from Prem Economy to Business but not an empty seat on the plane in any of the cabins.
Oil down on Iran. There was a little argument on the forum
whether oil price affected AIR- see what happens tomorrow.
I guess short term isn't an a definitive answer. Good day for AIR tomorrow I imagine though.
Nice to hear. I think people are getting a little over negative about the increased competition. Fact is AIR are also expanding and have a modern fuel efficient fleet and are now enjoying very low, (mostly unhedged), oil prices while contemporaneously enjoying some very favourable foreign exchange hedging. Forward PE of less than 7 and people can look forward to their 75th anniversary final fully imputed dividend in a couple of months. Happy holder and self confessed aviation enthusiast.
Funny to think that the 787-9 puts Tehran in range from Auckland.
Thanks pierre for posting your positive experience.
And you are right nzspeak. Hope its AIR day today on the market. QAN has been flying through on ASX over the aps few days.
Agree with you Roger, the market seem to hung up on negative news around competition. Am sure with top quality management (Luxon and co) they would've plans to combat and grow.