Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.
Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c.
But I remain firmly of the belief that you should never invest in airlines.
You were not alone.I bought a few for the wife after hearing Greg Foran talk on ZB radio.At 78 cents the 6 cps imputed divie gives a 7.69% yield in under a month.
This is the 3rd airline share I have owned .Did well with Airwork in NZ, and AQZ Alliance in Oz.
Surprised Heartland fell so much after the 6cps divie.I thought it would drop about 4 cps,but 9cps?
Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.
Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c.
But I remain firmly of the belief that you should never invest in airlines.
6c dividend and 9c price drop if you reinvest the dividend makes the intrinsic value of your shareholding go up. You should be praying for price to fall more than the dividend payment.
6c dividend and 9c price drop if you reinvest the dividend makes the intrinsic value of your shareholding go up. You should be praying for price to fall more than the dividend payment.
Remember .. probably no Imputation credits going forward from now on the large cupboard full of tax losses, so full 33% DWT for some time going forwards, if they pay Divs & not do buy backs etc
[QUOTE=winner69;1025486]H123 pbt was $299m …….H124 between $180m to $230m they say this morning
Included in that guidance is approximately $45 million of Covid related credits that are highly unlikely to be redeemed by the extended expiry date. QUOTE]
If you have a credit from a cancellation early in the pandemic, you have until 31/126 to rebook a flight with travel to be taken by 31/12/26. And with all the extensions already given I wouldn't be surprised if they eventually make the date completely open-ended like some other airlines. So still a long time for credits to be redeemed. We are using ours this month.
I'm sure there will be a reasonable number of credits never used-just don't know the value.
Last edited by Grimy; 12-10-2023 at 10:47 AM.
Reason: spelling
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