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20-08-2020, 12:25 PM
#17881
Will be interested to see if Qantas's just announced A$2.7 Billion loss, will sober up some of AIR current shareholders this afternoon.
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20-08-2020, 01:22 PM
#17882
https://www.nzherald.co.nz/business/...ectid=12358047 Read it and weep. Excerpt "The impact of Covid on all airlines is clear. It's devastating and it will be a question of survival for many".
A VERY bad sector to be invested in for the foreseeable future. AIR reports next Thursday. Good luck to shareholders, you're going to need it
I think the chances of a substantial capital raise at a deeply discounted price being announced contemporaneously with the full year result next week are quite high.
Last edited by Beagle; 20-08-2020 at 01:40 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-08-2020, 02:01 PM
#17883
Member
Originally Posted by Beagle
https://www.nzherald.co.nz/business/...ectid=12358047 Read it and weep. Excerpt " The impact of Covid on all airlines is clear. It's devastating and it will be a question of survival for many".
A VERY bad sector to be invested in for the foreseeable future. AIR reports next Thursday. Good luck to shareholders, you're going to need it
I think the chances of a substantial capital raise at a deeply discounted price being announced contemporaneously with the full year result next week are quite high.
However, the market seems to like AIRNZ for other reasons and is propping it up really well.
Disc: Maintaining short position
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20-08-2020, 02:14 PM
#17884
Originally Posted by Beagle
https://www.nzherald.co.nz/business/...ectid=12358047 Read it and weep. Excerpt " The impact of Covid on all airlines is clear. It's devastating and it will be a question of survival for many".
A VERY bad sector to be invested in for the foreseeable future. AIR reports next Thursday. Good luck to shareholders, you're going to need it
I think the chances of a substantial capital raise at a deeply discounted price being announced contemporaneously with the full year result next week are quite high.
Yes agree if they dilute the SP enough it would force the govt to stump up,or have their 52% diluted to what around 30%.It would be better than the govt loan at what 7-8%!
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20-08-2020, 02:16 PM
#17885
Originally Posted by Paradox
However, the market seems to like AIRNZ for other reasons and is propping it up really well.
Disc: Maintaining short position
Shorten it a bit more for your dollar's sake.
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20-08-2020, 03:16 PM
#17886
Originally Posted by Paradox
However, the market seems to like AIRNZ for other reasons and is propping it up really well.
Disc: Maintaining short position
I'm not concerned by that as the fundamentals of the business are really shocking so I am also maintaining my modest short position.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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24-08-2020, 09:03 AM
#17887
https://www.nzherald.co.nz/business/...ectid=12358616 Pay-walled
"The airline — led by Walsh — has been advocating for months now to its 51 per cent shareholder (the Government) that it should step up and lead a capital raise to restore the company's balance sheet". Walsh is the new Chairperson.
I think there's at least a 50% chance a substantial capital raise will be announced on Thursday this week along with the annual result.
Last edited by Beagle; 24-08-2020 at 09:04 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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24-08-2020, 09:24 AM
#17888
Originally Posted by Beagle
https://www.nzherald.co.nz/business/...ectid=12358616 Pay-walled
" The airline — led by Walsh — has been advocating for months now to its 51 per cent shareholder (the Government) that it should step up and lead a capital raise to restore the company's balance sheet". Walsh is the new Chairperson.
I think there's at least a 50% chance a substantial capital raise will be announced on Thursday this week along with the annual result.
More like 80% I reckon ....can’t say it’s a certainty can we
Ready and primed are we?
Last edited by winner69; 24-08-2020 at 09:25 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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24-08-2020, 09:45 AM
#17889
Originally Posted by winner69
More like 80% I reckon ....can’t say it’s a certainty can we
Ready and primed are we?
The exact opposite of what would make a good quasi term deposit
Last edited by Beagle; 24-08-2020 at 09:46 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
24-08-2020, 09:51 AM
#17890
Originally Posted by winner69
More like 80% I reckon ....cant say its a certainty can we
Ready and primed are we?
The sharesies crowd will be all over this one. I reackon a 1:1 at $1 would be a goer. Give em another $1B and would not need to touch the loan facility. Whats not to like.
Last edited by blackcap; 24-08-2020 at 09:53 AM.
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