And AirNZ PE ratio of 11.55% (ASB Sharebroking).
Printable View
And AirNZ PE ratio of 11.55% (ASB Sharebroking).
Looking at historic EPS is useless at this point. Need to look at the year about to be announced and the company has issued pretty clear guidance of $520-$530m earnings before tax. Craigs have worked this out to be approx. 34 cps after tax so on Friday's close that gives a PE of about 7.5 times for FY15 earnings and they are forecasting EPS of 38 cps next year so the PE for FY16 is a pretty silly 6.8 times, based on $2.60, (sorry I can't remember the exact closing SP on Friday)....pretty cheap compared to its international peers isn't it !!
P.S. Anyone notice Nymex oil now has a 47 handle on it and AIR is mostly unhedged for FY16 !!!
A quite different and personal Interview with Chris Luxon I don't think many of you would've seen: https://www.oompher.com/wise-words/b...stopher-luxon/
Thanks mate, clearly he's a truly inspirational leader.
Thanks for the link Regi.
Is he good, isn't he Mr Luxon. Very inspiring to listen to as always...great leader and CEO.
Comes over somewhat like John Key - both have the ability to relate to people in a very natural way.
Very interesting post...
http://www.nzherald.co.nz/business/n...488059&ref=rss
Yes and this http://www.nzherald.co.nz/business/n...ectid=11480115
Another little known and never before discussed fact is Jetstar charge $5 per one way sector booking to make a booking using your credit card on their website, (how 90% plus people do it), compared to $4 per sector for AIR.
Not a lot of difference granted, but when one already suspects $4 more than generously recovers AIR's credit card fees imposed upon it by the banks, then a 25% higher charge by Jetstar can't be anything other than a deliberate over-charging.
But wait there's more....Jetstar charge more for baggage $12 from memory vs $10 per sector for AIR and if you want a seat where your 6ft + frame doesn't involve intense pain from having your knees rammed in against the seat in front that'll be $22 more per sector flown thank you, AIR are $10. Further, addingeven more insult to injury AIR's domestic seats are typically 31 to 33 inch pitch whereas Jetstar are typically 29 inch pitch which makes it far more likely that a significant percentage of Jetstar's passangers will have to suffer their seat upgrade price rort.
In summary Jetstar fares can appear cheap but you get what you pay for with their old planes and extremely cramped seats and anything extra you order whether through your own selection process of their cunning / under-handed ? pre-selected process, they charge through the nose for.
Their obstinate approach, (Australian cricket under-arm bowling anyone ?), regarding pre-selected add-on's is in stark contrast to AIR voluntarily complying with the Commerce commissions recommendation. Jetstar's approach arrogant ?, you be the judge, jury and when you come to which ariline to fly, the executioner :)
Good post there Roger.
But for market sentiment the sp should've been closer to $2.90 I reckon, with falling oil prices and I'm sure you said somewhere that from beginning of this month they do not have any hedge in place for oil. In which case, the forward earnings have more momentum that what they've been.