AIR - Air NZ.

[Beagle]

I think it is simply overseas investors believe in The honourable John Key. Since that announcement the share price took off..... not taking away from the spotlight that this is a great company run extremely well!! I do think politically, that John is a trusted and a well liked politician by overseas investors. I would not invest at these prices into the company, as if something goes wrong in the world airlines stocks generally get dumped in a hurry.

not holding this stock so do your own research.

Appointment was announced 1 May 2017 when the SP was $2.50. I'd speculate your theory has a lot of merit. Happy holder, still trades on a very sensible PE unlike a LOT of other N.Z. stocks.

[Snow Leopard]

...still trades on a very sensible PE unlike a LOT of other N.Z. stocks.

It is an airline and thus, by definition, is very over-priced .

Best Wishes
Paper Tiger

$3.56 = 2 x $1.78 (and then there was the divvy)

[nocomment]

I think it is simply overseas investors believe in The honourable John Key. Since that announcement the share price took off..... not taking away from the spotlight that this is a great company run extremely well!! I do think politically, that John is a trusted and a well liked politician by overseas investors. I would not invest at these prices into the company, as if something goes wrong in the world airlines stocks generally get dumped in a hurry.

not holding this stock so do your own research.

im inclined to agree. i wonder if the jk effect could work on other companies? smart move by the air nz board

[Beagle]

It is an airline and thus, by definition, is very over-priced .

Best Wishes
Paper Tiger

$3.56 = 2 x $1.78 (and then there was the divvy)

Overpriced relative to what other airline PT ? 10 year average PE is 11 and unless my steam powered abacus is due for some lubricant 11 x 37 cps = $4.07 and that's based on $575m before tax, what if they do more than $600m ?

[see weed]

So the govt. owns 51% and overseas owns 39%....that just leaves 10% for us poor old kiwi peasants. ps wonder how many more of those overseaers will want to buy?

[Beagle]

9% mate as at 31 March 2017. Wouldn't surprise me if that was down to ~ 7% by now.

[Raz]

9% mate as at 31 March 2017. Wouldn't surprise me if that was down to ~ 7% by now.

Scarcity can be a good thing:-)

[couta1]

im inclined to agree. i wonder if the jk effect could work on other companies? smart move by the air nz board

No thank you.

[BlackPeter]

So the govt. owns 51% and overseas owns 39%....that just leaves 10% for us poor old kiwi peasants. ps wonder how many more of those overseaers will want to buy?

There is nearly unlimited supply of these shares for any old kiwi peasant. It just looks like we value the share less than the overseas investors do. Just make them a good enough offer and I am sure you will get all the shares back from abroad .

[Beagle]

No thank you.

Over one billion dollars been added to the market capitalization of AIR since the announcement of his appointment on 1 May 2017. Overseas investors happy with his appointment or just coincidence ?, you be the judge mate.