Something positive to balance out the day's posts
http://www.4-traders.com/AIR-NEW-ZEA...rier-23460601/
Haven't seen Hoop post for a while but for TA people (even unadjusted for the 25 cps special divvy) its interesting to note the SP now has a break above the 100 day moving average which looks like $2.04.
Fundamentally based on average analyst forecast for FY18, (when all known extra competition will have a full years effect), AIR still trades on a PE of just under 7, compared to a ten year average of about 10.5. I guess those who still hold a negative view, (although being strangely quiet lately), would still be thinking profitability works in multi year trends and profit is headed lower in FY19.
I think that's anyone's guess and its impossible to try and predict profitability in FY19 at this stage. Anyway for what its worth I garner a bit of comfort from the technical's lining up with the fundamental's so added a few more today.