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Brilliant result..................
Yes, brilliant result. Well signalled and no surprises. Happy holder.
First impressions
Normalised earnings of 496m up 49%...add equity accounted back $29m loss on VAH gives $525m, bang in the middle of the recent guidance range of $520-$530m. EPS of just over 29 cps.
Final dividend of 9.5 cps gives fully imputed divvy's of 16 cps gives a gross dividend return of 8.4% with plenty of growth to come.
Tony Carter and Chris Luxon confident of significant earnings growth in the coming year.
11% planned RPK growth in the coming year.
3 new Dreamliners in Q1 FY16, total 6.
24% extra capacity Auckland to Queenstown...that put a smile on my dial...maybe we finally get some cheap flights to Queenstown...(surely one of the most beautiful and interesting places in the world).
Happy holder...topped up some yesterday at $2.56.
Great result alright, all those extra Q/town flights both local and from Aussie should really kick in over the coming year, I mean even the upcoming Q/Town marathon is getting an extra 18 extra return flights alone to cater for race demand.PS-That was a sneaky top up Roger for a nervous guy like yourself.
Very good! Stoked holder.
3 new Dreamliners in Q1 FY16, total 6.
Don't they have 6 at the end of this year, if another 3 then 9 in 2016??????
Initial market response quite muted apart from the open, perhaps overnight digestion of results required or maybe just nervous sellers exiting due to the current climate?