I'm hoping all those silly shareholders reading this old news smack it down to $2.50 and then its hammer time.
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I'm hoping all those silly shareholders reading this old news smack it down to $2.50 and then its hammer time.
Remeber me warning about the risk to Cullen Airlines from all the surplus and underutilised A320's in the near abroad?
http://www.ausbt.com.au/airasia-x-ey...ealand-flights
Boop boop de do
Marilyn
PS. John Key should sell Cullen Airlines to Etihad before the competition heats up any further.
AIR announce HY results next week on Wednesday 25th, looking forward to it. The Investor Briefing Webcast will be here at 10:30am http://www.airnewzealand.co.nz/lates...nterim-reports
The sp has range traded since mid Dec, after the breakout Nov 27, not quite making the TA target of $2.73 but getting close at $2.61 high on Jan 29 & 30, notably the price action includes a successful test of the 50day EMA on Feb 10 & 11. Another share poised waiting for the HY announcement.
Attachment 7112
Baa Baa for two days a couple of weeks ago the price hit $2.68 before closing down at $2.61-$2.62 I know I was watching but i must say im surprised it hasnt topped $2.70 in anticipation of the coming results obviously no leaky ship here. Perhaps the Herald with their negative old news has spooked some causing selling pressure.
Given the above, I assume these aircraft would remain on the PI and HNL routes. Competition on the latter could heat up further if HA increase flight schedules, so perhaps it is time for NZ to replace the 767 and use a 777-200ER on that route thereby increasing both capacity and offering far superior hard and soft products.
Poor AIR can't catch a bid :confused:. Oil fell Friday, American airlines SP's performed well on Friday, Qantas is up to $2.76, (I hate it when the red kangaroo's SP outperforms AIR), VAH is closing in at 49 cents on its five year high of 51 cents, the currency has moved north of 75.00 cents American and the half year announcement is out on Wednesday and yet the SP is stuck at $2.60 ?. Market seems very reluctant to take it past $2.60 on a sustained basis, go figure ???
Yep, I agree with you here mate, this is inline with what I have seen for the past few months as well. Oil goes up? AIR SP goes down. Oil goes down, Other Airlines go up, AIR? no change. Market seems a bit edgy I feel, and today it could be partly because of these articles:
http://www.nzherald.co.nz/business/n...ectid=11406390
http://www.nzherald.co.nz/business/n...ectid=11406106
Seems AIR has been getting a bit of a beat up in the press lately - hopefully the news on Wednesday changes its attitude? Either way I am still holding. :)