Nice one mate. Looking forward to seeing your technique on the slopes in Queenstown in September. VAH be all sorted by then and we'll be enjoying the slopes together and a few bevvies afterwards courtesy of our jumbo sized special dividend from AIR.
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This also won't help the sp either...
"Air New Zealand is facing more direct competition on an international route when Chinese-owned Hong Kong Airlines (HKA) launches a new service in mid-November."
http://www.nbr.co.nz/article/hong-ko...ce-ng-p-188981
Hey OG, bet you never thought you'd get such a wild ride when you climbed aboard this roller coaster, the descents have been spine tingling and the climbs pretty ho hum, could even surpass the Xrocoaster for wildness aye.:cool:
haha, yeah. What a ride!!
But, to be honest, I not really fussed. I know this will be back over $3 within 12 months. And, in the meantime, the divvy's more than cover my cost of capital. :)
(having said that, I obviously would have been even happier to buy in at these lower prices, but them's the breaks!)
So can the discussion now move onto what a sustainable EBITDA margin is? Can we expect 20%+ EBITDA margins going forward. Alternatively, should we expect a contraction back to 9% that was experienced post GFC?[/QUOTE]
Noodles, according to the ASB site the last 9 years had EBITDA margin at 14% avarage. Including the last 9 years were some years that AIR had minimal competition on some routes. Therefor I would not go above the 14% myself but no doubt some will strongly disagree.
Just wondering if anyone knows what the of div % is at this SP level.