The price of the shares before the meeting were down 2.5c so no reaction yet from the meeting.
Printable View
I thought the meeting went very well. No surprises just conformation of what had already been released.
It was nice to relax back in my nice warm lounge watching it on the big screen TV, while having the option to vote & ask any questions. I just couldn’t resist a glass of Merlot & a snack.
I now feel happy to hold on to my shares longer, as the company gives me that feeling it is well run & the shareholders are being well looked after.
Yeah. And who would want to buy AIR on a Friday afternoon? Friday at work is even called "TGINWF**" :p Besides, those wanting to buy should have bought already 183 as next week it will be going up already***
** Thank God It's No Work Friday
*** hope springs eternal and gut feel say it is
Live webcast was cool, looks like business as usual all in order...few hiccups here and there as expected. I expect sp to recover slowly over next few weeks back into $2 range.
They answered my question sent from my computer. First time ever asking a question at an agm
http://www.nzherald.co.nz/business/n...ectid=11720333
Interesting article saying Singapore airlines NZ passenger revenue fell 12%
Net profit rose to $7.9 million in the 12 months ended March 31, from $4.8m a year earlier, Singapore Airlines NZ's financial statements lodged with the Companies Office show. Revenue, which is almost entirely attributable to passengers, dropped 12 per cent to $175.8m, while expenditure fell 14 per cent to $168m.
The NZ company's fuel bill dropped 25 per cent in 2016 to $53.6m as the price of crude oil fell, reaching 12-year lows in February. A global glut of oil, driven by increased supply from the US, Canada, Iraq and the Organisation of Petroleum Exporting Countries and slower demand from China, drove the price of crude 75 per cent down from its levels of mid-2014.
Am a bit late for the live meeting yesterday. Anyone know where I can find a rerun of it?:confused:
Info on Air site.
So the questions are:
1/ Why did revenue fall so much?
2/ When you have answered 1/ of what relevance is this article to anything?
If you are interested in Singapore Airlines then their financial information is available from their website.
Best Wishes
Paper Tiger
Having seen Lewis Hamilton's title championship hopes literally go up in smoke I will answer my own questions:
1/ For 3/4 of FY15 Singapore Air operated 2 daily return flights SIN-AKL, but from 6-Jan-15 they only operated one. The dropped slot was taken up by AIR themselves and all this was part of an agreement between them.
2/ None.
Best Wishes
Paper 'McLaren Fan' Tiger
ASM just repeating guidance a bit disappointing and leaves market in limbo
Maybe that unknown analyst was right - airline management are useless at forecasting profits (or something like that)
So 400m to 600m just a big guess?
Would it be fair to say that now that the meeting is over,that this week should show whether AIR is going to bounce back on track or that this is its new normal?