AIR - Air NZ.

**couta1** · 13-06-2017, 08:44 PM

Please no Roger re Mr Key, I don't want a reason to sell my SUM shares.

**winner69** · 13-06-2017, 08:52 PM

Originally Posted by couta1

Please no Roger re Mr Key, I don't want a reason to sell my SUM shares.

Agree with that mate

**Xerof** · 13-06-2017, 09:24 PM

Are we there yet?

Still strong and trending IMO - won't be selling at $3.10 after all sorry

**peat** · 13-06-2017, 09:32 PM

Originally Posted by BlackPeter

No reason to beat yourself up. While obviously in this case the market decided to push the SP uphill after your sell - nobody can predict future share prices (no matter how smug some people sound with 20/20 hindsight) ... and much more important: Nobody ever went broke by locking in (taking) small gains (vs risking big losses).

I definitely agree about the not beating yourself up bit. that's exactly what I was thinking. But I suggest you rethink your last statement.

Taking small gains while risking large losses is a bad strategy imo. akin to picking up dimes in front of steamroller is the phrase that describes.

**BlackPeter** · 13-06-2017, 10:47 PM

Originally Posted by peat

I definitely agree about the not beating yourself up bit. that's exactly what I was thinking. But I suggest you rethink your last statement.

Taking small gains while risking large losses is a bad strategy imo. akin to picking up dimes in front of steamroller is the phrase that describes.

I think that's what I wanted to express: better to take smaller gains than risking the lot. Thanks for helping me to translate the message

**workingdad** · 14-06-2017, 07:13 AM

Thanks BP.

Hindsight is a wonderful thing but at least I hedged my bets by keeping half...... I had tight stop loss' in place but they never kicked in so a bit of luck there too.

Its good to evaluate the decisions we make, buying in a down trend, selling in an up - these are the ones we can learn from and learning I am

**dobby41** · 14-06-2017, 08:05 AM

Originally Posted by Roger

Speaking of nice boosts, I wonder how we get Sir John Key to join SUM other board ?

Are you trying to suggest that putting Sir Shonkey on the board has increased the share price?

**Beagle** · 14-06-2017, 09:36 AM

Originally Posted by workingdad

Thanks BP.

Hindsight is a wonderful thing but at least I hedged my bets by keeping half...... I had tight stop loss' in place but they never kicked in so a bit of luck there too.

Its good to evaluate the decisions we make, buying in a down trend, selling in an up - these are the ones we can learn from and learning I am

Well done to you mate, many on here love to beat-up on AIR and have completely missed the rally of well over a dollar since late 2016 plus the 10 cent dividend paid in March 2017. Besides that you took the opportunity to avail yourself of an excellent deal on a new Volvo XC90 which looks like a superb bit of kit. Enjoy and be happy and celebrate your success mate.

Originally Posted by dobby41

Are you trying to suggest that putting Sir Shonkey on the board has increased the share price?

Like it or not the vast majority of shares outside of the Govt's 51% controlling shareholding are owned by overseas institutions most of whom would probably be well aware of John Key's commercial track record and record of governance while he was PM. His international contacts will be valuable to AIR. Noticed how buyers have been basically ignoring local analysts valuations lately ?
As recently as two weeks ago the average analyst 12 month target price was only $2.10 and the SP was trading at $2.85. Who do you think has been pushing up the SP ?, certainly not retail investors who only own 4% of the shares that's for sure ! The day his appointment was announced the SP popped (from memory), about 8 cents.
Regardless of your political leanings and / or opinion of him, in my opinion its clear his appointment has been well received by overseas institutional holders.