Still short from $1.50 area but not as many as I was once…
finally some dvlpmnts!!
looking forward to tomorrows open
will take some profit at 1.00
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Still short from $1.50 area but not as many as I was once…
finally some dvlpmnts!!
looking forward to tomorrows open
will take some profit at 1.00
Beagle, good post, that I agree with you 100%. The NTA at year end with the new shares and after losses probably circa 33 cents a share. I have been saying 2 raises after this but the deck chairs have been re-arranged. Wait for the operational cashflows to look strange, unless the company intends to spend all forward ticketing sales as they receive them. If they do that it will go bust again. Decision now is do I hold my s...t position:D longer. Some of it is from Jan last year.
Gee, doesn't seem that long ago we were talking about the special 25c div from Virg sale plus the normal div of 10c and I had accumulated about 120,000 shares to get this massive payout, which I was against, because the sp dumped for a while after that. Then a while later we cornered Chris Luxton at a meeting to ask him if the RR engines were going to drop off the planes. :confused: I think he thought we were joking and had a bit of a laugh. Ahh the good old days will come back one day, give it a bit of time;).
Twice 53c for a wounded bird flying in shrapnel filled Covid skies into unknown storm clouds sounds a bit on
the expensive side to me without any Govt guarantee on performance or a put option in place for a parachute exit unscathed ;)
I note that the purpose of the Raise clearly states to pay (among other things) back Robertson's large loan, so on that alone, I think I'll steer well away in the safer clouds further above, and watch how this miracle rehatching of something in a deep dive near on terminal stall goes .. from a very safe distance ;)
but don't let me discourage others from jumping in clad in suitable crash landing flameproof attire
to try their luck :)
Thanks mate, I think you know what to do. Unless you feel guilty from profiting from this slow motion train wreck you might as well ride it longer and jump off just before final impact.
Ahhh, yes the good old days mate, I remember them well. I've always loved aviation but I have learned to be a disciplined investor and learned there's no room for emotion with investing. AIR faces a very, very long and very difficult path back to prosperity and very serious headwinds, challenges and uncertainties remain. Anyone jumping on board definitely needs to make sure they're not faint of heart, short of capital or likely to need to be selling anytime soon...and oh yes, please fasten your seat belt very firmly !! They're fueling up the plane for this next leg of their journey but the prospects of the tank being empty before they get where they're trying to go look very real to me.
I don't mix philanthropy and investing and the prospect of putting funds into this feels very much like the former.;)
Prediction (Not A Forecast) using the same Level 4 Ballistic Vest protection as the AIR disclaimer which incidentally I don't think I have seen before. AIR will make some SRT(Survive etc) announcements on how well 'growth' is going. "Pax enjoying int travel again with the Akl Syd up 350% yoy". Losses shrinking etc. 2 years down the track they will start blaming continuing losses on consumer carbon consciousness, persistent high fuel prices, reduced corporate demand due to zoom and overhang of legacy credit issuance from the Pandemic Era.
anyone buying today to be elligle for the rights issue ?
cum rights trading today and tomorrow - Thursday and Friday. Ex rights trading Monday onwards.
So 3.1 billion shares on issue following rights offer.
Company said it’s Ballpark hopeful of achieving $275 million NPAT in 2025.
Not a chance this company is worth $1 a share.
The rights price of 53c is probably a tad high as an estimate of where the stock price ceiling should be trading post right issue, given the risks involved, implying a market cap of ~$1.6 Billion.
Likely the retail crowd will keep the price inflated well above fair value though.