Regardless of size of holdings, DRPs are a usually a good way to slowly increase your holdings (avoiding brokerage fees) and possibly acquire shares at a small discount.
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Yeah I wish i had bought more when they dropped to 2.35 the morning of the Jetstar announcement.
I only asked because I was in my Link Investor Center and there were options for Full or Partial Participation in a Reinvestment Plan.
Maybe its back up and running? I cant seem to find anything about it in the AIRNZ Investor Centre
You and me both but I got some at circa $2.40 so not complaining. Link investor centre is showing it as an option but you will find that the company has announced the scheme is presently suspended. Not sure from what date, but I am certain it is currently in suspension as the company has no need for extra capital, they're generating cash hand over fist with oil where it is. Probably got well north of a billion dollars of cash on hand as at balance date, (granted a lot of that is pre-paid travel and quite a bit if it mine for that matter, but its cash on hand nonetheless).
They have suspended DRP suspect because they don't need the money - a DRP is like a mini rights issue each time, GMT did the same with theirs too.
You're on to it mate:t_up: :t_up: All those people who got their knickers in a twist and sold around $2.40 just because Jethole are thinking of flying a few ancient, (so old and decrepit they can't sell them and they have been parked up for ages), Q300's domestically are going to be feeling a bit silly aren't they, if they don't already.
All you AIR enthusiasts, is it too late to hop on AIR $2.72 and fly right through till it connects with AIR $3.00 ?
Or should I have used Grabashare back when Flight $2.40 was leaving the terminal ?