This one was manipulated for govt to get the maximum. SP might recover next yr, in the mean time riding lower.
For the newbies, IMO stay clearer until SP settles.
Printable View
This one was manipulated for govt to get the maximum. SP might recover next yr, in the mean time riding lower.
For the newbies, IMO stay clearer until SP settles.
"Demand is likely to be boosted toward January, when index weightings on the NZX are next reviewed. Air New Zealand's weighting will increase to between 1.4 percent and 1.5 percent from 0.8 percent currently, he said."
A month of anxious waiting ahead?
Mugs, mugs.
Buffetology (the authoritative book on Warren Buffett) gives a table of industry sectors NOT to invest in. Airlines features prominently. No barriers to entry, heaps of competition, at the mercy of petroleum rises, sudden unexpected passenger fall-offs, government intervention. And look at Air NZs history. I used to own some before I read Buffetology and I'm very pleased I got rid of them then.
Besides, would you buy ANYTHING from an NZ Govt? They've all been poisoned chalices so far, Telecom, Chorus, Mighty River, Meridian...
And in the unlikely event that Air NZ was quite successful then ComCom would step in and hit it for six!
Those institutions and private investors who have bought Air NZ are NUTS! Quite NUTS!
Good one FH - well in... :)
Air NZ sale a 'bloody debacle'
A fall in Air New Zealand's share price has provoked anger and dismay among some market players as another government sale left investors nursing short-term losses
However, not everyone shared the concern. Matt Goodson, of Salt Funds Management, who acquired some stock in the offer, said he did not see a problem.
"If you bid $1.65 for some shares, and you got them, what's your problem?"
It has always struck me with these Govt sales that you are dealing (trading) with someone (Key) who was very successful at this game. High chance of being shafted - exactly as would appear to have occurred with this sale. Well done selling 200 million at the high for the day (so far) on behalf of NZ taxpayers John.
Attachment 5046