Thanks Baa Baa. Agree predictions very tricky/dangerous. Much depends on the sale of Virgin and who knows how this will pan out.
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Thanks Baa Baa. Agree predictions very tricky/dangerous. Much depends on the sale of Virgin and who knows how this will pan out.
That heads of agreement could just as easily flush out a full takeover offer from Singapore airlines as any other outcome. No doubt AIR's advisors have been told binding offers must be tabled about mid June, allowing sufficient time for a decent price haggle. We'll know the outcome soon enough. VAH's woeful financial performance at a time of low oil prices speaks for itself and I remain happy AIR are trying to extricate themselves from that pup which could easily turn into Ansett MK2. Some interesting stories on MSN money about how Qatar are mowing Delta's grass e.t.c.e.t.c.
Fears of impact on Delta and American airlines...trading on PE's of late 5's early 6's and price to book of circa 2.5-3 times. Hmmm Interesting comparison to AIR's fundamental's.
That's true but I would be happier if VAH was performing. Being the banker of a loss making airline and then selling almost feels like a mortgagee sale. If they sell at a loss how will that reflect on AIR's management?
Has the board of VAH acted in the best interest of all of VAH shareholders???? With a large holder wanting to exit was it really best to dilute holders and issues to shares at such a low price.
Could they not have done a rights issue and had HNA underwrite it @ .30 to give all shareholders an equal chance?
Correct me if I am wrong but isn't Singapore on the board of VAH as the 3rd largest shareholder? if so why would they be involved in allowing HNA to buy in if they wanted to start a takeover? I thought them likely prior to the HNA announcement but not so sure now.
The more I think about it from my minimally experienced perspective the more I think HNA buying into VAH has been a big negative for AIR selling its stake with regard to not only price but potential buyers who would be doing it for code sharing that wont be straight forward now HNA are in the mix as well.
We had our long weekend - now NZ markets got a bit of catching up to do.
Good day in ASX yesterday and US up overnight - the world is happy again
Reckon AIR will get to 230 today