10 minutes to end of the flight (on NZX page) & back to roughly where the day started ..
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10 minutes to end of the flight (on NZX page) & back to roughly where the day started ..
On the landing approaches now -- 3 minutes to touch down @ a steady 130.5 (NZX Delayed time)
What's going on here ? -
Last updated: 17/4/2020, 4:48 pm
"High Bid $1.600
Low Offer $1.150"
What a complete circus this was today.
https://www.nzherald.co.nz/business/...ectid=12324948
Visit Auckland
https://www.nzherald.co.nz/business/...ectid=12325724
I'm glad I came and read this before diving in and buying, having missed the trough.
Morningstar have an accumulate with valuation of $2.10 ... but they do not sell their recommendations to the highest bidder?
Maybe they just have some inside info on how AIR is going to spring into profitability within the next ten years?
FYI I tried to short Air New Zealand yesterday but couldn't as there is simply no borrow out there.
Price action was classic distribution...bid up by retail, then a big institutional dump to end the day down.
The big question will be whether they will try to repeat it again in the new week and which way things might go ..
Okay .. I'm a spectator to these antics now having jumped out fast when the last stop came off & no desire to buy.
Bounces elsewhere will more than likely recover the red
Good parking skills by Alaska
All a bit sad really
Photo by some dude royalscotking
Parked up aeroplanes do not earn investors money. Unbelievable AIR SP, I fear a wave of doom and gloom is in the immediate future as reality unfolds and the Facebook punters get fleeced.
Smart money is imho sitting around the last meltdown, it was about 21 cents if I remember correctly.
Yeap, I think they will lose over $1,000m in FY20 inclusive of redundancy and other extraordinary Covid 19 costs and at least the same again in the first half of FY21. By late February 2021 there will be so much red ink reported on the loss statement all the existing equity will have ben wiped out. The only question is when will they try and do the massive capital raise and at what price ?
I think as soon as there is some concrete positive medical trial results for an effective Covid 19 treatment they should go hard and go early straight after that before people wake up to the fact that they're probably going to be losing hundreds of millions in FY22 and probably FY23 as well. Probably not going to be until FY24 before AIR has any realistic chance of making money in my opinion.
Fixed costs are just incredibly high compared to the minuscule revenue.