Maybe the MIQ thing is more about the contracts with the hotels. Embarrassing if those contracts run to 30 June next year(for instance) and then the refurb provisions and there are no paying victims, oops guests I mean to pay.
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Maybe the MIQ thing is more about the contracts with the hotels. Embarrassing if those contracts run to 30 June next year(for instance) and then the refurb provisions and there are no paying victims, oops guests I mean to pay.
I have commented on length on the NTA issue. Excluding a cap raise FY22 year end NTA almost certain to be basically zero. Go look what the company said about the effect of Auckland lock down and trans-tasman closure. It is easy to work out.
Predicting the future is always an inexact science but I agree NTA is likely to be a very small figure and only a tiny fraction of the current share price which makes me wonder what shareholders are currently thinking ? High on aviation fumes or lost in a daydream that the I.P. and goodwill of the company is worth heaps ?
Professional analysts have a target price of $1.97 on average so they obviously think the I.P. is worth quite a bit ! Maybe the landing slots are still worth something ? https://www.marketscreener.com/quote...407/consensus/
Shane Jones is back on his soapbox already :eek2: https://www.nzherald.co.nz/nz/covid-...BDFQRQOC4RAHI/
AIR will be busy TransTasman in December
https://www.stuff.co.nz/travel/trave...-and-australia
Heaps more credits held on the a balance sheet so no worries
AIR's captive passengers still likely to be flying into a Cap Raise or has Stumpy in the Beehive run out of other people's cash yet ? ;)
With MR B pushing off shore diversification and the possible Delta burn out in Japan some dollars into Aussi and off shore travel stocks is the next opening up trade in the next 12 months.
SP broke through $1.60 for first time in a while. Maybe it is starting to dawn on some existing shareholders the difficulties that have been swept under the mat won't just go away. It's all been pretty quiet on the Cap Raise front from the media, Air NZ and Govt. But as soon as that starts getting more publicity will be pretty likely the reality of the Cap Raise will surely slam the share price down pretty quickly.
Get out while you still can maybe? (even at a loss) rather than hope for any SP advancements. More risk than unlikely reward at these levels. Still so surprising how resilient SP has been up until today hanging in there above 1.60. Didn't make sense but maybe just taking time for the market to accept the reality of the massive debt and still unlikely for any quarantine free open international boarders in 2022. Was speaking with an AIR NZ pilot over the weekend who led me to believe I am dreaming in hope for there to be quarantine free travel with open international boarders next year :( Which was a bit of a shock to me! As long as there is even 1 week quarantine it will greatly limit the number of tourists travelling to NZ. In turn still a long dredge in the mud for flights and volume to turn to any upside potential. Came away from the conversation having felt confident I made the right decision selling out any remaining AIR from my portfolio. At least until after the Cap Raise and see how much carnage it does to the SP then. Surprised there are that many investors still hanging in there hoping for a return to norm for Air NZ and a SP rally that has so many things against it currently that it ignores what's actually happening to the company. Point blank they are losing millions and millions of dollars and nothing there is nothing they can do about it. The amount of staff and pilots that have been laid off was sad to hear. Air NZ had no option they have done all they can to keep cutting costs. Even when we do eventually have open travel to Australia, that is just a blip on the losses and shouldn't be a factor to boost SP, yet it seems that's what many retail investors seem to be basing holding Air NZ shares on. Might not be the wisest decision unless those funds are disposable. The ease of investing with platforms like sharsies and so forth have bought many new clients into stocks, but many are young and might not really understand the fundamentals as well. So it might be good to help educate them a bit so they don't just go in blind, with hope, and see their hard earn savings evaporate. Which may happen pretty quickly once Cap Raise hits the headlines again come Feb 2022.
Wish the best for holders, and don't get me wrong obviously I want our National Airline to succeed and come out on top. But reality is what it is and being hopefully isn't really taking into account what the company is facing.