Expect an uptrend to kick into gear soon...
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Expect an uptrend to kick into gear soon...
Roger Well said, THANKS
On a different note, interested to hear how people think the uprise of P2P accommodation will affect the likes of AIRNZ? IMHO, it is a massive coup. P2P accommodation (like AirBnB) reduces the cost of travel by lowering the daily accommodation cost, and therefore will increase demand...
They agree to settle long running Cargo claim for US$35m. I am sure someone else will post the link. Makes recent management selling look even worse as they would have known for certain that the company was looking to settle this thing. Net effect is to diminish NTA by 4.6 cps. Adds fuel to my tank in terms of my determination regarding yesterday's post. Sell and then get all the bad news out there eh. What's next ?
On a brighter note..(goodness don't we need it) Tourism set to continue to boom http://www.nzherald.co.nz/business/n...ectid=11635718
I get a drop of 3.1c. How did you get 4.6?
I'm sure the likelihood of that being settled sooner or later has been factored in by most punters, at least it is out of the way now.
U.S35m / 0.68 = $51.47m Kiwi / 1,122.8m shares = 4.584 cps - 4.6 cps rounded.
In other news on the NBR this morning http://www.nbr.co.nz/article/carry-b...utes-ng-188716
Acknowledge I am not in the greatest frame of mind regarding AIR at the minute but with regional loads falling slightly lately one might wonder how loads will stack up in the short term going forward, especially during the off season. Still one might say they're well positioned to capture the ongoing compounding 10% per annum tourism growth so only a matter of time till those domestic planes will be choc-a-block full again.
Disc - Holding a modest stake, won't sell it but won't increase it either until I am sure the turbulence has diminished.
Sorry, didn't realise the $35m was USD.