I am keeping my powder dry until its trading at a 50% discount to NTA, that's 76 cents, ex divvy NTA = $1.52.
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I am keeping my powder dry until its trading at a 50% discount to NTA, that's 76 cents, ex divvy NTA = $1.52.
The biggest problem with buying even at 76 cents is the prospect of a repeat bailout at 25 cents is actually not all that remote in my opinion. Average forward booking is ~ 3 months so that suggests this virus really starts to drill holes in their balance sheet from mid May 2020 onwards.
If things go really pear shaped does the Cullen Put still apply?
If the alternative means parliamentarians have to travel back to their constituency's by bus I say it does.
Boop boop de do
Marilyn
The cheapest price I paid for AIR was 84c and 87c in June 2012. Do you remember when AIR got into trouble many years ago and sp went down to 15c. It was only at that price for a very short time, and some character bought in one or three million shares, and the same day the government announced they were going to bail out AIR, and sp went back up about a dollar. Good profit for a day...$3,000,000, better than lotto:cool:. ps..I wonder if insider.
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A number of New Zealand-based travel insurers, such as Southern Cross, Tower and 1Cover, are not offering cover to travellers for anything related to coronavirus
https://www.stuff.co.nz/business/119...related-claims