I think they are the optimal cap structure so doubt they will do a buyback. Qantas are at about 70/30 so assume the reason they went down this path.
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Finally seeing some SP movement after announcement. Might get to 90 c .... Remember the $3 days ?
Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.
Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c. :scared:
But I remain firmly of the belief that you should never invest in airlines.
You were not alone.I bought a few for the wife after hearing Greg Foran talk on ZB radio.At 78 cents the 6 cps imputed divie gives a 7.69% yield in under a month.
This is the 3rd airline share I have owned .Did well with Airwork in NZ, and AQZ Alliance in Oz.
Surprised Heartland fell so much after the 6cps divie.I thought it would drop about 4 cps,but 9cps?
H123 pbt was $299m …….H124 between $180m to $230m they say this morning
Included in that guidance is approximately $45 million of Covid related credits that are highly unlikely to be redeemed by the extended expiry date.
So a windfall? I’m assuming released to profit…. Correct me if I’m wrong
So it looks like Peak Profits are over …..first half pbt could be only half of last years
http://nzx-prod-s7fsd7f98s.s3-websit...825/404961.pdf
Market consensus is for PBT to drop from $574m in F23 to $424m in F24 - 26% fall.
Going to be interesting to see how the market adjusts the forecast with today's announcement.
[QUOTE=winner69;1025486]H123 pbt was $299m .H124 between $180m to $230m they say this morning
Included in that guidance is approximately $45 million of Covid related credits that are highly unlikely to be redeemed by the extended expiry date. QUOTE]
If you have a credit from a cancellation early in the pandemic, you have until 31/126 to rebook a flight with travel to be taken by 31/12/26. And with all the extensions already given I wouldn't be surprised if they eventually make the date completely open-ended like some other airlines. So still a long time for credits to be redeemed. We are using ours this month.
I'm sure there will be a reasonable number of credits never used-just don't know the value.
Share price down to 67.5 ..the love for AIR seems to be waning
Was a pretty dreadful profit guidance the other day so no wonder share price heading south