Oil falls nearly 7% Where are they going to put it now that most of the oil storage facilities are nearly full ? More declines to come ?
http://www.cnbc.com/id/102567899
Consensus EPS for Qantas for 2015 23cps, 2016 41 cps
Consensus EPS for AIr N.Z. for 2015 30cps, 2016 40 cps
Qantas as previously mentioned has extremely high gearing and is currently not paying dividends and is unlikely too anytime soon and has the additional burden of a predominantly intransigent unionised workforce and it is widely acknowledged that the Australian economy is not in as good shape as the N.Z. one and yet their SP is currently $3.32 and AIR is currently $2.79. WOW, go figure that pricing difference... Consensus 12 month price target for QAN $3.72, AIR $2.91. N.Z. stockbrokers airline analysts a bunch of pussies ?