I think Air NZ knows a bit more about the Australasian airline market than most, including significant inside knowledge!
The way they talked about the stake was almost as if they were a sharetrader :D
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This could be an interesting test. What timeframe do we need to revisit this on to determine who was smart and who wasn't?
How is OBV calcuated.
Surely be definition then a large puchase by one of many smaller shareholdings has to be a decreasing OBV?Quote:
Investopedia explains On-Balance Volume - OBV
OBV attempts to detect when a financial instrument (stock, bond, etc.) is being accumulated by a large number of buyers or sold by many sellers. Traders will use an upward sloping OBV to confirm an uptrend, while a downward sloping OBV is used to confirm a downtrend. Finding a downward sloping OBV while the price of an asset is trending upward can be used to suggest that the "smart" traders are starting to exit their positions and that a shift in trend may be coming.
I see minimal benefits at this stage. Branson has always been anti large alliances.
Pooling of spares for 777-300s seems to be the only concrete example so far but many airlines do this quietly anyway.
I only do rough broad brush valuations as I don't think there is value in much more as sharemarkets look forward and businesses and industries constantly change. I prefer to invest based on business momentum. So let me just say more, lots more. Morningstar have a valuation of $2.15.Quote:
Also what do you reckon AIR is worth? It is great talking about airlines but I would also be interested to hear your views on the company as an invesment.
This is not something I would not recommend as any and everthing bad that happens in the world can and does affect airlines. They are always a high risk/high reward investment which in my case require a large margin of safety.Quote:
They are currently are large % of my nz portfolio
Floods, earthquakes, volcanoes, snow, SARS, war, political instability, business confidence, economic growth, terrorism you name it :scared:
In today's other news, more expansion from Air NZ, Paraparaumu - Auckland flights.
http://www.nzherald.co.nz/business/n...ectid=10702105
Lots of Executives and IT people live around Kapiti so should be plenty of demand. Also allows Air NZ some leverage on Wellington Airport.
Govts shouldnt interfere in the aviation industry fullstop. Labour wouldnt allow Infratil & Waitakere CC to develope Whenuapai, to "protect" AIR rather than in the best interests of air travellers in NZ
Takes 55 mins to fly Wgtn to Auckland & another hour plus to get the North shore, Whenuapai is alot closer to Aucklands population than the current Mangere site
Problem is the most logical buyer of the Govts stake in AIR would be Qantas, & the commence comission has already boo hooed that tie up previously!
Who would want a major stake in AIR, when they would most likely be forced to run unprofitable domestic routes to get around the OIO?
See my last post, AIR dont own any of Wellington Airport, but Infratil do own 2/3rds of it (Wgtn city council the other 1/3), & the last Labour Govt showed a bias towards AIR, to prevent IFT from competing with them.
Another reason why the Govt should sell its AIR stake & mind its own business!
so Why did AIR take part in Blocking Whanuapai. Amazing how they can twist the story to suit them selves.Quote:
"It's all part of our constant drive to innovate in ways that save our customers time in their overall journey with new services such as self check in and Fast Bag."
Disc: Shore Boy.