Another infamous Investor Day for institutional gurus
Wonder what little gems will be hidden away in the presentation this time around
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Another infamous Investor Day for institutional gurus
Wonder what little gems will be hidden away in the presentation this time around
Remember 2 years ago mate when they had one and it included a slight downgrade and executives were selling left right and centre leading into the investor day including one large sale of several hundred thousand shares the very day before ! Of course we didn't get to see those disclosure notices until after the event.
This time around the SP has been quite weak since the start of this month and there is now a clear break down through the 100 day MA...join the dots...
If she blows through the previous recent support at about $3.13 it could test support at $3.00 fairly quickly in my opinion.
You're right in regard to those engines...where there's smoke there's fire. More issues, I wish I could say I was surprised. Dreamliner now officially a nightmareliner for AIR ?
Well, update this morning is that 'all is good'.... still need to go through the presentation though.
- the Company has reaffirmed the outlook for the 2018 financial year, stating "Based upon the current market conditions and despite the increased price of jet fuel, the Company continues to expect 2018 earnings before taxation to exceed the prior year"
just had a quick flick. couldn't see any mention about the RR engine issues? fuel headwinds in FY19?
thought there was plenty in there on the fuel outlook, and a good bit on fleet strategies (including RR cover). Good to see the hedge position protecting them at a US$71 average until December this year - that explains why they still see themselves as doing alright in FY2019. And the other takeaway for me was the fleet investment capex forecast - ongoign steady investment, with no horrendous lumps. Maintains the average of $600m pa.
Fantastic update.
http://nzx-prod-s7fsd7f98s.s3-websit...297/280962.pdf
Lazy hound slept in and hasn't read it yet. Plenty in there to digest.