Originally Posted by
Robomo
After holding AIR for 10 years and buying more plus DRP when available over the years, I sold them all today. Crude oil up 2% today, consistent negative sentiment on HotCopper (Qantas) and on ST, plus general caution within Air NZ itself regarding 787 engines. It seems unlikely the SP will improve any time soon and is likely to drift lower, even without any bad news on the engine problems. Better opportunities elsewhere, so for me it's bye bye AIR. I'll be back though once things stabilise around fuel and engines and general investment outlook later this year. As Beagle said repeatedly in his positive posting phase early 2017 there will be every expectation of big dividends in 2019 onwards, particularly if tourism holds up.
It's been a great and very profitable ride but for now au revoir.