And another one tomorrow 8-)
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Excitment still abounds with the AIR share price but it has been been rather quiet here today
Maybe a case of a few heeding advice given in the Bible -- be careful my child, for posting too often on Sharetrader, and much study wears you out.
(winner version of Ecclesiastes 12.12)
Where is everybody on what could turn out to be a momentous day
The silence is deafening
Heeded my advice about too much posting tires the flesh? .......or is there some ulterior motives like protest action or something?
Big day alright, the biggest dividend as a percentage of the share price of any share I can recall...probably been bigger at some stage but I can't remember back that far.
Important milestone for the company, in effect they have said there will be no more fishing expeditions of investments in associate overseas airlines for the foreseeable future and that's a very good thing as far as I'm concerned.
Also after observing this company very closely for many years I have noticed a subtle change from expansion, expansion expansion to a far more measured approach in recent months and a real change in emphasis towards paying high sustainable dividends across the cycle. It appears clear the Govt has said there will not be an Ansett Mk3.
I applaud current management for having the gonads to clean up Rob Fyfe's and the some previous directors flawed mess with Virgin and continue to believe Virgin's business model is systemically flawed.
As posted recently, its rare to see FA, TA and now dividend stripping all lining up beautifully. I continue to believe ex dividend SP performance will be sound.
........do we go x tomorow??
At the minute its all been said and all negative angles exhausted ??
Wife planning a long weekend in Dubai with the girls so she not watching...