What.... Had to check that it wasn't 1 April. The Air New Zealand Board is appointing former Prime Minister John Key as a Director effective from September 1.
https://www.nzx.com/companies/AIR/announcements/300465
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What.... Had to check that it wasn't 1 April. The Air New Zealand Board is appointing former Prime Minister John Key as a Director effective from September 1.
https://www.nzx.com/companies/AIR/announcements/300465
AIR
01/05/2017 16:15
DIRECTOR
NOT PRICE SENSITIVE
REL: 1615 HRS Air New Zealand Limited (NS)
DIRECTOR: AIR: RT HON JOHN KEY JOINING THE BOARD OF AIR NEW ZEALAND
Excellent appointment in my view. Not usually a fan of ex politicians being appointed to boards of companies but happy to make an exception in this case.Quote:
1 May 2017
RT HON JOHN KEY JOINING THE BOARD OF AIR NEW ZEALAND
The Air New Zealand Board is appointing former Prime Minister John Key as a
Director effective from September 1.
Chairman Tony Carter says the Board has been actively searching for a
Director with strong international business experience and a deep knowledge
of tourism for around a year.
"Air New Zealand is one of the world's best airlines and the growth of its
international operations around the Pacific Rim is an area of strong focus.
The Board identified last year that the addition of a Director with
international experience would be important to supporting the Chief Executive
Officer and his Executive team as they take our award-winning airline into
the future. We also identified that the ideal candidate would have a strong
empathy for the tourism industry," Mr Carter says.
"When John Key announced he was stepping down as Prime Minister and moving to
a new phase of life outside of politics, it became a priority for the Board
to try and secure his services as a Director. John will bring extensive
international commercial experience, outstanding leadership skills, global
perspective and a keen understanding of the tourism sector gained during the
years he was Tourism Minister as well as Prime Minister of New Zealand."
Mr Key says he is delighted to have been approached by the Air New Zealand
Board to join it as a Director.
"Air New Zealand is an incredible company that has significant opportunities
ahead of it and I look forward to working with the Board, Chief Executive
Officer and his Executive team to see it fulfil its potential," Mr Key says.
Air New Zealand is also announcing that its longest serving Director Paul
Bingham will be retiring at the Annual Shareholders' Meeting in September.
Agreed, Roger. And plenty of other NZ companies that could do with JK around their board tables!
Will AIR now be the official airline for bringing in the immigrants?
I really liked what JK had to say about the company. He has plenty of money and doesn't need to work for anyone so if the following statement and accepting the invitation to join the board isn't an endorsement of the caliber of the company I don't know what would be better !
Mr Key says.Quote:
Air New Zealand is an incredible company that has significant opportunities
ahead of it and I look forward to working with the Board, Chief Executive
Officer and his Executive team to see it fulfil its potential,"
Should now reclaim $3++ mark, as it's just completed an INVERSE HEAD AND SHOULDERS formation.
IMO
DYOR
I won't talk too much about the previous H&S formation breakdown at $2.75 as some chose to argue the point, saying it's TA voodoo
AIR have stolen a march getting Key on their board - good work team
Possibly true peat, only Xerof can say though, but let's not diminish the profound shift from the devout FA's to actually incorporating some TA into their analysis. It is frankly an astounding shift, but anyone who subscribes to a TA point of view will be impressed, even though the analysis is pretty basic it is still helpful. I hope it continues, certainly better that the FA vs TA debate that has raged on an off for over 15 years! Lol.
quote from 2005 where Xerof spots a Gartley
http://www.sharetrader.co.nz/showthr...ll=1#post50426
so thats about 12 years...
back to AIR tho
in fact his $3.00 target is based on a 78.2% retracement from the 2016 high.
Attachment 8823
Its very strange how we don't hear the usual deluge of negativism these days isn't it and none of the TA guys seem to be commenting now the pattern is stronger.
Well done to all holders who held through the absolute tsunami of negativism in late 2016 and who have seen the SP recover ~ 50% plus dividend since October 2016.
I am very reluctant to call $3 again but worth noting that the stock currently trades on a 2017 forecast PE at 32 cps of 8.15 compared to a 10 year average of about 11.
I think we all now know that nobody can tell us what part of the cycle we are in. I think they're a fantastic dividend yield hold over the next five years with plenty of potential for special divvies toward the latter part of that time horizon (as they complete their very thorough fleet modernization program in FY19), in addition to the annual expected normal ~ 20 cps fully imputed divvies. What's fair value ?... I will leave for others to pontificate over, I am holding for long term dividend income.
LOL good one mate. Doubt your pony tail goes down to $1.50 anytime soon :p
Hope you're enjoying your holiday.