Share price on a roll
Today will go down as the day the shackles were broken
Onward and upward eh sb9
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Share price on a roll
Today will go down as the day the shackles were broken
Onward and upward eh sb9
They're already investing at a very rapid pace and are half way through a major modernisation and expansion plan that will see them have one of the youngest fleet's in the world by FY19 and they already have the financial flexibility to fund this from existing resources so they might as well pay our the full VAH sale and at least half the cash profits from 2H FY16. The sale of VAH is said to be worth approx. 25 cps per AIR share in cash inflow. Govt will no doubt appreciate a big dividend seeing as they're no longer getting their $90+ million one from Housing corp. They already have Dreamliner's for Africa and I'd rather see them engage is highly disciplined growth rather than throw resources around "willy nilly" Might as well round that total dividend at 40 cps inclusive of special and final, all fully imputed and give us bean counters lots of beans to count.
US markets all in the green and the XAL up over 2% overnight, lets see if AIR can have another good day.
Having it go up 5.5c or 2.5% which ever way you look at it was one of the better days it has had since its meteoric fall but in reality it still has a lot of room to play catch up to its cousins overseas.
Might be party time in Queenstown mid / late Sept. Speaking of domestic bliss...keep an eye on www.grabaseat.co.nz 10th birthday sale today...guess what the fares are going to be sold for :)
Strong NZ$ has been a drag on NZ market - overseas institutions who have been big net investors this year have been taking profits as currency gains are just as good as sp gains.
Even better, they have been getting both.
So have to let the selling ease and should then see NZ market move up a notch - still one of the best performing economies in the world and providing very attractive sustainable dividend yields at a time when interest rates can only go lower.
Well 224 is a lot better than it was when it was bouncing off low 200s, well done to Seeweed so far, hope you and Couta make a lot of money off this and me a modest amount of money lol.