Originally Posted by
workingdad
May I ask the experts, is this VAH share issue to HNA in reality a deal done or is there requirements for it to happen - ie a company like VAH can simply dilute its share holders value by issuing more shares without majority shareholder support and offer something more to those share holders than simply gathering earnings from doing so?
My thoughts on the VAH sale, lots of ifs buts and maybe's but worst case is AIR doesn't shift them and they are included in the profit/loss EOY results, close today was 30c AU so round it to 33c NZ. What will be the start value to calculate the profit loss? I recall something like 50c but not sure.
If HNA are good for VAH which I presume they are, one could expect the VAH share price to continue to recover to some degree particularly if the remaining 6% HNA want to buy is an on market or perhaps they are already talking to AIR about buying this much from them to get to the 19.9% they want and AIR are selling the rest to someone else or holding onto the remainder.
I don't think this will eventuate (AIR holding on to a significant portion of VAH) and they will sell VAH and for a reasonable amount although not significantly more than 30c.
June will be an interesting month....