Need to be holding on Tuesday then. Got it thanks mate.
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http://www.nzherald.co.nz/business/n...ectid=11508152
Marilyn Munroe believes the airline should have been sold to Etihad LOL
A position I still hold, remember the reason we own part of Cullen Airlines is the taxpayer galloped to the rescue when it was on its knees.
Where else could this money have been better spent, hip replacement operations, funding the Auckland central rail link tunnels, or decent metal health treatment?
There is no continuing strategic reason for the tax payer to continue to own Cullen Airlines. Other airlines could easily increase their inbound/outbound capacity if Cullen Airlines went away.
Yes Roger, luckily it has been a good investment for the tax payer but there is no guarantee it will continue. Market trader John Key should take Etihad's money and run.
Boop boop de do
Marilyn
That's amusing. Biggest white elephant than only 5% of Aucklanders would ever use, forget about all other Kiwi's. Lets forget about protecting national interest shall we and further to what Bryan Gaynor wrote, all the billions of dollars of tax that's been remitted to the government through both AIR's company tax and PAYE from its circa 10,000 employees shall we ? Anyway you slice and dice this thing the Govt's investment in our national airline is one of the greatest success stories of investment that's ever been written. You see if you read up on the history of the company you'll learn that one of the reasons the Govt wanted to invest in Teal in the first place was company tax. Strange that the Govt wants to paddle its own canoe...or is it :)
I would say the mixed ownership model is working extremely well in regard especially to AIR.
Classic album that one Couta1...one of my fav's.
......with a $3.80 - $3.90 price target. :)
http://www.4-traders.com/AIR-NEW-ZEA...407/consensus/
Consensus FY16 EPS now 45 cps. On tomorrow's theoretical ex divvy price, ($2.54 less dividend $.095) = $2.445, that's a FY16 PE of ($2.445 / $0.45) 5.43 !!..."horribly expensive" eh !! :D
We live in "interesting times" so notwithstanding the compelling metrics I have parked the truck up for now and am content to hold a reasonable sized allocation to AIR.
Hasn't the consensus FY16 eps been 45cps for quite a while now?