AIR posted a net profit of NZ$81 million ($62 million) for the 2011 fiscal year.
What's up with the AIR SP? Their NTA/Share are worth more than their current share price!
So you can buy a share at $0.915 and own a company that has tangable assets worth $1.32 per share.
Their Dividend Yield alone is quite good at 6%, far more than the interest you would get at a bank!
And they are going to pay out very soon with a 2.5-3 Cent dividend in March. :t_up:
We need more buyers in NZ! Or is there something I don't know about.. (other than the slowly recovering economy!)