Originally Posted by
Raz
Have you read the other comments since? Record profit that was opportunistic, I see it for what is, is there inherent risk, yes like with everything...they have a decent plan with proven management to provide a dividend medium term which appears sustainable, buy in at the right price provides superior rate of return vs alternatives on NZX.
Where is ever growing profit come into this rational ? Yes it would be nice however life an't always like that. If the world retrenches AIR appears in a robust position given the captive market they hold and age/demographic who is flying. In a financial world struggling for yield and failing to find it, I can take a calculated risk where the capital level invested to me is not financially threatening, however the yield is compelling.
Actually half my shares were provided by the non efficient market in AIR in the past year via capital gain. There usually seems to be major delays in absorbing information and correctly processing it wrt AIR.
The market at around 2.80 didn't react with the announcement of the VAH loan and then potential sale..earning were going to drop and known in Jan...classic examples.
Look through the media sound bite and what do you see..if many had done that on Brexit they would have made serious money in a week like I did.