When I saw the kiwibank play nudged me to believe air will now also provide a special dividend as well.
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Good on ya guys those holding, hope it plays out well for yours sake.
35c special divi. Tell him he's dreamin.
Vin, great day for AIR
Almost certain to go to a new record high (at least since they were bailed out) i reckon
Even cyclicals cycle upwards
Maybe not. Based on current market value of $A0.3675 AIR's stake is valued at $A335.8m converts at .8972 = $374.27m Kiwi = 33.33 cps.
Singapore made an interesting move with a counter party in respect of some arrangement they had with them today and settled at just on 46 cps going off memory so there's potential for as much as $468m or about 42 cps.
On top of that I still have AIR earning 64 cps this year and they have only distributed 10 cps so far.
Further still, there's the possibility a deal would include the new shareholder taking over AIR's shareholder loan to VAH just made, another 13 cps.
I'm not disputing the amount of available cash they may have on hand, it is a very interesting time.
If all goes well I don't see the bean counters giving it all back, it doesn't make business sense to me. A healthy divi.. Yes, 35c I would be surprised. Let's wait and see.
Just a thought...Who's the major shareholder...you think their representative might have a chat with Tony Carter in due course...
Whoever (if it happens) acquires AIR share of Virgin will need to stump up ever more than before when the inevitable recapitalisation/refinancing of Virgin takes place (soon)
Assessing future commitments might put Singapore or Etiad off but then again it raises the possibility of a full takeover by either of them or some other keen watcher
Be interesting if the Singapore and/or Etiad man on the Boad don't get on well with Borghetti as well
Do Singapore and Etiad get along anyway?
http://www.nzherald.co.nz/business/n...ectid=11618562
What's that old cliché...oh yes that's the one, Don't bite the hand that feeds you. I know it seems harsh but it sends an important signal that AIR will not be messed with in terms of former employees making baseless or vexatious claims. AIR seem pretty determined to clear out the non-performing dead wood don't they.