Air NZ starting to wind up nicely as we get closer to the dividend.
Printable View
Air NZ starting to wind up nicely as we get closer to the dividend.
https://www.msn.com/en-nz/money/comp...cid=spartandhp
How they handled that makes me proud to be a shareholder. Really bad **** happens, its how you look after people that counts.
This is a pretty big earnings guidance downgrade. Beagles favourite method using mid point it’s a 16% reduction (best case view down 20%) -
The company now expects earnings before taxation of $340 million to $400 million for the year ended 30 June 2019. This includes the impact of the global Rolls-Royce engine issues.
The previously announced guidance was for underlying earnings before taxation of $425 million to $525 million, which excluded an estimated $30 million to $40 million impact of schedule changes prompted by the global Rolls-Royce engine issues.
http://nzx-prod-s7fsd7f98s.s3-websit...915/294185.pdf
Last year F18 npbt $540m ....this year maybe $340m
That’s some drop - 37% - wonder whats caused the $200m shortfall?
massive downgrade this stocks going to get hammered
just checked the chart and what ya know it displays the 3 humped camel pattern, very bearish pattern.
Fair value around $2.60-$2.70 I reckon.
Given the new guidance assumes a lower average jet fuel cost than previous, in terms of demand levels falling away it is possibly even worse than it looks.