I think a wipe out is in the cards as well ....OK maybe not a total wipeout but pretty close to it from these levels.
Printable View
Well Morningstar have them on accumulate value $2.10
So 19 years after the original near wipe out after 9/11 which was done at 25 cents we get the next one. Might take 5 years to recover proeprly but maybe the next virus pandemic comes before then or shortly after that or maybe Covid 19 mutates and travel never goes back to anything like normal ?
This looks totally uninvest-able to me. One might be tempted to ponder if the current share price has something to do with the fact that the TAB and Casino's are closed ?
But wait there's more Morningstar only re-valued on apr 15th due to downgrade!
Plonkers
Wrong the TAB is very open. ELEVEN meetings in Aussie yesterday. All carried live on TV 61 and 62. Many races carrying stakes of $ 1 million plus. And the Casino is open five days a week. Thats the WA Stock exchange I refer to. Line up.
JA and Grant using advice / direction(?) from Dr Dloomberg are all hatching a cunning plan to return NZ to pre Rogernomincs days. AIR NZ will just be first on many.