I still count myself lucky that 2 years ago tomorrow AIR fronted up with CASH (no argument) in 6 days for 4 premium economy return flights to London that were in throes of being cancelled.
No credits for me
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I still count myself lucky that 2 years ago tomorrow AIR fronted up with CASH (no argument) in 6 days for 4 premium economy return flights to London that were in throes of being cancelled.
No credits for me
I liked how the analyst the other day on One News said that without the Govt backing, Air NZ would be "technically insolvent".....yet people still pile in.
"Cannot understand why this is an appealing investment at this price especially with the future outlook still bleak"
must believe that its a BARGAIN!
I ran a quick & dirty value analysis on AIR based on the information available and applied a reasonable discount for safety given the circumstances and came up with a value for buying AIR shares of....
[ drumroll ]
....$0.538.
Also much as paying a dividend is seen as an important thing for many Kiwi companies I think 2026 is too early.
Disclaimer:
Done purely as a theoretical exercise, you will not find me on their share register in the foreseeable future.
Been lot of activity on ASX
ASX accounts for 44% of total shares traded last 2 days (on NZX and ASX)
Those Aussies are pretty clever
Well known the endangered cat is adverse to AIR so a theoretical valuation offers no real insight into the furry one's thinking.
What price that fully accounts for all known risks and all unknown risks might tempt the cat out of its lair might be of more interest.
For what its worth I might come out of my kennel and put a paw up for a few in due course if it gets down to about 25 cents but no worries if it doesn't as I am content to watch this slow motion train wreck from the sidelines and have almost infinite patience when it comes to possibly buying back in at some future opportune point.
In market moves overseas today I see the Dow Jones transport index closed down ~ 5%. AIR's share price on Monday might surprise a few punters and the trend in April might be quite interesting.