I think we are all in awe of the high intellectual levels you are able to achieve.
Something the rest of us are unable to match.
PT
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Nice price action today, must be due to the fact that Morningstar recommended to "reduce" and market thinks that's good sign to buy...:p
LOL classic. I think the market is taking its cue for yesterday's upbeat conference call. Luxon has the runs on the board and interestingly if you strip out $112m foreign exchange gains from the 2016 result the 2017 result looks stunning considering the tsunami of new competition and moderately higher oil price.
2017 will go down as the year AIR proved the strong resilience of their business model and many of the 10 new competitors have now retrenched their capacity.
Luxon's concluding remarks from the call "onward and upward" says it all.
Disc: This post was made using carbon friendly furry blinkers provided by AIR senior management but the hound uses his own furry ears to muffle the occasional negativity. Happy to follow my nose with this one. Now we're over $3.50 maybe the exuberance was warranted after all...just got the year wrong for the earlier forecast, should have read FY18 :D
This is what should have happened yesterday. I'll finish that popcorn off and get some bubbly cooling. Even had 2nd thoughts when someone posted it could head down to the 2.50 - 3.00 level. Lucky we have a guard dog to see those boohoos off. Even the tiger is purring like a little kitty.
Morningstar sucks!!!! I can't understand why they always make comment from the opposite.
Five years ago they said it was worth $1.55c. so jumped in at $1.15c and rode it all the way down to about 85c buying more and more on the way down. That went on for about 6mths to a year, then it went up and was happy to get out at about $1.35c. Then it went to $3:confused:
A bit of a head scratcher on the gains today based on the earnings announcement. Maybe we'll see it come down a bit closer to $3 when the dividend period is over.
Exciting times ahead..
There is an underarm bowler on the internet speculating Cullen Airlines will fly to Nu Yawk.
Here is a link;
https://blogs.crikey.com.au/planetal...ork-non-stops/
Boop boop de do
Marilyn
PS. More on this including speculation Cullen Airlines will order a new aircraft type for this route;
http://www.reuters.com/article/us-qa...KCN1B41QY?il=0
Of course Qantas could do Oz to New York via Auckland.
Best Wishes
Paper Tiger
Great result from Qantas
Profits down about the %age as AIR and 2nd best profit on record ......and a share buy back to top it off
Performance like that and being Australian on the ASX no wonder trades at higher multiples than AIR
http://www.nzherald.co.nz/business/n...ectid=11910906
Passengers can "look forward" to a whopping 20 hours ensconced in cattle class in the future...
They could call this flight the DVT special !
Now I understand how to read them. All we need is to act opposite from Morningstar. When they say buy, you sell.
They still have a valuation of $2.60 for Warehouse.