On GPG you are right, but flicked a lot of those at $1.40+. Happy to hold the rest as still in profit on those. Just hope they are not silly enough to take a stake in AIR. Then I would be worried.
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On GPG you are right, but flicked a lot of those at $1.40+. Happy to hold the rest as still in profit on those. Just hope they are not silly enough to take a stake in AIR. Then I would be worried.
FOR all those who worry and to all the non buyers AIA & AIR are now ex dividend and
we can now look forward to the next div coming, BRICKS will be returning to NZ on
the 25 TH March to resume trading..
As NZ was the first country to go into recession it will also the first to come out,
as well for a long time now it happens NZX in a limited way is in a good position to trade
more positive for the trader than the Australian Stock Exchange which is bloated with
share issues which will take a long time to digest so trading profits don't /wont happen
for some time so back to the NZX..
Nice to see AIR ex div and back up to where they were on Friday. Bought some of these at 80c (cum dividend) because airlines, and esp AIR have always moved in cycles. This has to be somewhere near the bottom of this cycle or at least much closer to the bottom than the top. 80c is about 16c in the old money, or very close to the 15c Helen paid. They have been over 60c and back again since. In the event of an upturn, Air is in a better position than it has ever been for a rapid return to profitability IMHO. I think air is a classic 'buy in gloom, sell in boom' story. Airline shares of course, not without considerable risk.
As an aside, with VBA market cap less than 200mil, what of a Fyfe/Key/Branson chit chat with a view to a deal?
Why is there no sharetrader interest in AIR?
This stock has bounced over 20% in the last few weeks!
My wife who travels domestically alot says the planes are still choc full of 'Suits'.
The Company seems to be managing capacity well yet trades at a massive discount to its peers (who arguably are not run as well).
Am I flogging a dead cat or is this a hidden gem?
FEEL there is a lot of interest i AIR only the fact is you have not been following it until
now your wife by now should be a shareholder because of her inside interest in travel
remember AIR has a large capital and a large spared of holders with good constant
turnover and at the moment is on the rise AGAIN..
Cheap vs BV but lets face it, airlines is a bad industry, so even if AIR is a good stock, its still a bad industry (Buffett I believe has some views on these sort of companies). With Qantas and AIR offering cheap deals to the USA and I see the NZ bed night data the other day was terrible, AIR might be managing the situation well but its still a bad situation. Also with the Govt owning so much, there is no chance of corporate action, albeit with Mr Key in charge you have to wonder if another JV proposal with Qantas might get a more +ve outcome.
WELL lets face it your a Business Class Mona, Buffet said only airlines did not suit HIS
ORG, he actually fly as well.. All airlines have competition but that is not helping
Mr Vitamin with his question and his wife who is a large flying traveler in should they BUY or not my answer to them is, YES..
There are very few times through the cycle when airline stocks are not 'cheap'. As for a suits on a plane, the dicsounting suggests there are a lot of suits not getting on the international flights. Airline sector will remain cheap for many years to come. Like I said the only way I can see outperformance is if NZ Govt lets Qantas take a stake, thus reducing competition across the tasman and to the USA.