Look at that SP fly:cool:
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Look at that SP fly:cool:
UMMM Yeah, no further comment about that seems like a good thing to say :D Market getting a bit more rational now at $2.40 or is it ? Maybe this mornings apparent irrational $2.50 isn't so irrational ?
We could be in for a really sustained period of low oil prices which could present AIR with an opportunity to lock in really good gains.
I sold all my holdings and 40% gain! money in my pocket is better than on the paper.cheers
If people feel its getting near the top, (I don't), selling enough to get your original investment back and having a free ride with the rest can be a smart move but honestly I look all around the market at other shares and their hugely stretched PE multiples, bonds at record low interest rates and property (at least in Auckland) at all time high's and call account interest rates at around 3-3.5% and ponder, if one was to sell, where's a smarter place to invest ??????????
HNZ maybe but I have heaps of them already.
Sure a profit is not a real profit until its realised but what's the point in realising a profit, generating a truck load of cash and then really struggling to find another more attractive investment ?
You're right on the money there Roger. There are very few other shares that I'd be prepared to plough more funds into from the proceeds of an AIR sale, so I'd probably look to top back up on any future weakness.
My primary target for divestment are the few PE 30 stocks (e.g. FPH) that I still own, having bought into those many years ago.
some people might like to buy a new trinket with said profits. Out of interest where would you see the top Roger?
DFW makes sense for Qantas give it's the hub for fellow one-world partner AA's operation, although AirNZ could partner with them outside of the Star Alliance, it'd make more sense for them to hub at the DEN (who has been here in recent months courting both AIA and AirNZ) or ORD/IAH. IMO the latter two provide better connections to the East coast of Canada and the USA with either UA or AA.