Originally Posted by
Roger
Market hates uncertainty mate and a little pre-election talk of an enquiry into AIR's regional airfares will hopefully turn out to be nothing more than just talk now that National are back in. John Key is a pragmatist and an intelligent businessman as well as having the Tourism portfolio and won't want to bring any untoward pressure on AIR that would affect their 53% shareholding. Agree that the odds of a multi-headed left alliance were slim but it's good to have a clear win and not be subject to weeks of Winston Peter's holding the country to ransom while he works to maximise his own personal agenda. Relief rally from over-sold position in AIR is quite a different and more enticing prospect to any further gains in the gentailers which are already up about 7% in the lead-up to the election.
That said I added to Genesis in the lead up to the election, people seem to have forgotten they beat the IPO forecast by 18% and are forecasting a 16 cps dividend fully imputed, (gross 22.22cps 11.7% yield) for 2015 and are still trading cum the final 2014 fully imputed 6.6 cps divvy :)