5 194 2:34:45 pm 207 1,114,788 $2,307,611 Off Market 6 193 2:30:37 pm 207.5 5,000 $10,375 Off Market 7 192 2:30:06 pm 207.5 25,000 $51,875 Off Market
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5 194 2:34:45 pm 207 1,114,788 $2,307,611 Off Market 6 193 2:30:37 pm 207.5 5,000 $10,375 Off Market 7 192 2:30:06 pm 207.5 25,000 $51,875 Off Market
So nearly 300,000 shares for the man with the brightly shining halo to stay on until the end of 2017 and more to come after that
Wonder if Fonterra was ever a goer?
The pigs trough is getting to be a bit of a joke
At least shareholders are happy - that's the main thing
(that is how I read that announcement anyway -- might be other reasons for these extra shares)
Well that's another $600k to his remuneration based today's av price and could be more if sp goes up. Seems they're trying to lock his services further into future.
https://nzx.com/companies/AIR/announcements/284898
Tony Carter and Chris Luxon have done a good job of cleaning up their predecessor's Virgin mess and extricating themselves at a good price considering the circumstances.
Bottom line is Virgin is a flea infested mongrel and its no surprise to see it trading right on the 1:1 21 cent cash issue price yesterday. No doubt the underwriters will have their usual force majeure clause in their agreement which they'll be carefully eyeing up to see if Brexit meets the definition thereof. It'll be interesting to see if Virgin actually manages to get all of the desperately needed cash. Probably just as well most of the major shareholders have already pledged their support. AIR come out of this pretty well. Shareholders will get their share of the proceeds in due course.
Flat close with ~250k shares for ~$500k trading after 5pm, looks like risk off, not wanting to hold an open position overnight with the turmoil going on, despite world markets shrugging off Brexit already, albeit probably short lived. Another good day for traders, the up morning, down afternoon pattern still holding. Short term trend is down but 2.02 - 2.05 still offering up support, though today's candle is a warning for chartists.
Can anyone tell me roughly the expected Ex-div date for September's divvy? I can't find last year's date anywhere. Would like to know how long I have to complete my position. Thanks
Baa Baa, re AIR, it's looking increasingly like a falling wedge to me. Todays candle doesn't mean much as it's not at the top or bottom of a trend, it's part of the current noise.
Textbooks will say the best approach is to (buy) enter on a close above the upper trend line on this wedge
Of course, this observation only applies if you believe the recent downtrend ended at 2.02, and the green shoots of a new uptrend have begun with the breaking of that downtrend line. It could also be a bearish price channel continuation of that downtrend
DYOR on falling wedges and their consequences
I agree Xerof, today's candle only shows the sentiment on the day, which I interpret as risk-off. The falling wedge (maybe pennant, or possibly flag formation) definitely is towards testing the downside support 2.02-2.05 and I also agree that a Short term buy, on TA, is a break above the descending trendline say around 2.18. All of these notations though are well below mainstream MA's in a declining trend, so best left to the well informed and expert traders. On the down side, one sniff of bad news and it could all turn to custard in an instant. Tight stops if one is working AIR.