When you can see the light,while others only see darkness,you have an unfair advantage.
Use it.!
And yes W69 as former poster Steve Fleming always pointed out ;
share prices always follow eps growth.Buy eps growth.
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well, I did manage to buy some more on Friday.
Axe joined the club of cool cats on ST that hold AIR. PS thanks to Roger for posting the link to the conference call. It was a worth while hour. :)
Attachment 7916
Notwithstanding all the good news and fine fundamentals, AIR was sell 3-4 weeks ago on the trusty weekly chart and the astute will be watching whether it holds the 'perfect touchdown' $2.74 close on the 200DMA Friday. Incredible how such a fine company can be a plaything for the alert traders focused on capital gains and capital retention. No offence intended to loyal shareholders, just a reminder that this has other forces in play than purely fundamental strengths.
All this talk of AIR facing headwinds reminded me of what Henry Ford once said -
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it”
Fridays action looked like one insto very keen to get out. The big Friday aftermarket transaction may have been the balance - or we will see them selling hard again today.
Very low and significantly lower than Qan and I note Qan didn't give guidance for FY16. It continues to baffle me why the analysts are so negative on AIR's medium term prospects.
Fact is several months ago after the 2015 annual meeting I made the bold call that analysts were FAR too pessimistic on FY17 EPS estimates, (consensus at that point was 32 cps). Sure enough over recent months we've seen this steadily rise to 54.8 cps a whopping 71% increase, which seems far more realistic.
I will leave you good folks to decide what level of credibility you want to ascribe to consensus analyst forecast for FY18 earnings for AIR of 42.3 cps...but its worth noting they're basing their consensus valuation on a big fall off in AIR's earnings for FY18 and yet Australian analysts think FY18 earnings for QAN will exceed FY16 earnings of 64.3 cps...Hmmm.