I'm also ASB and divvy hasn't cleared.. hmm
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I actually recieved a cheque because they havent got a bank recorded for me apparently. Yours might be on the way
Got a bit ahead of myself, my cheque also arrived today _b
So, the SP seems to have weakened today quite suddenly am I right in thinking the reason is this: http://www.nzherald.co.nz/business/n...ectid=11422290 / https://nzx.com/companies/AIA/announcements/262217
Thoughts?
I think the market may be a bit wary, and rightfully so, that competition is inevitable on the AKL-LAX route. This route must currently be a cash cow for AIR which is great, but the downside is that one of their major profit centres is vulnerable to attack at any time.
Sold @ $2.83 today, been a reasonable run over 4 months, ~+16% inc divi. Should have flagged the divi and sold the MACD cross down 13 Mar, another lesson maybe, AIR has had a good run and seems to have just got ahead of itself a bit. Daily chart says $2.76 is testing the steep uptrend from Nov14 and the 50EMA is just under at $2.71, with further horizontal support at $2.68. Might be back in if those hold and bounce.
They're looking to expand services to America, Houston and Detroit are the two favourites apparently.
I'm not "buying" the technical analysis on this stock anymore. Hasn't worked for me in the past. Fundamentally this is a stock now trading on less than 7 times 2016 consensus analyst earnings and they're growing their top line and have plans for capacity expansion for 5% per annum for the next half decade, have efficient modern aircraft a dominant domestic position. In a absolute sea of fully priced / over-priced NZX stocks this one sticks out as genuine value. My biggest position.
Why would you want to sell the golden geese.