h
Pays to take the journos out for a few lunches eh
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Yes i think you have a point there. No question that some media were invited on the very recent 1.5 hour A350 demonstration / sales pitch flight out of Auckland. Probably had a nice lunch after that hosted by some pretty Air Hostesses and senior management. Influencing the press to write good articles ?...you be the judge.
sounds like great management to me haha
My take on this result would be..if AIR repeats or exceeds last year's stellar results, then i see no reason for it to be back in its 340's range...(subject to jet fuel surge)...
Mr.Trump keep fracking mate!
As cunning as a hungry Beagle :) Pleased and pleasantly surprised with the solid outlook. Increased interim dividend gives confidence their base dividend level is now 22 cps per annum which is 30.5 cps inclusive of full imputation credits which gives a gross yield of exactly 10% at the current SP of $3.05.
Currently trading cum an 11 cent fully imputed dividend record date, 9 March. Time for the dividend hounds to reconsider their position given the yield and solid outlook ?
wow...11c dividend in 2 weeks...
From the call the information you really want to know...
RR engine issue. Chris Luxon said - Brilliant progress is being made on working our way through that. We have a very good relationship with RR.
Expect to have this concluded by mid April 2018.This is VERY good news !
Dreamliner to be put on the 11 hour flight to Taipai - 4-5 times a week.
14th leased Dreamliner will fully cover expected fleet requirements until 2022. 2021 expected to be a gap year in capex unless short haul capacity growth is required faster than expected due to demand growth exceeding expectations.
I note:- 2020 also a low year for capex.
My thinking - All going well expect good special dividends in 2020 and 2021 and they move to lower their need for working capital and work their balance sheet more efficiently. (previous liquidity guideline $1 - $1.5b, new one $700m - $1.0b)
Looks like a pretty good dividend hounds stock for the foreseeable future.
Hem..tempted to buy in....where to get dividend of 11c net? Tourism still booming in nz....
Going off the presentation material presented in graphical bar chart form capex for 2020 looks like just $270m and 2021 about $40m. This is against depreciation, (non cash item) currently running at $516m per annum. Total capex for those two years approx. $310m, depreciation approx $1032M. Surplus cash flow circa $722m or just over 60 cents per share.
Liquidity reduction and lack of much capex this half presents the possibility of a special dividend to recognize what will probably be their second highest ever profit result this year too. Gross yield approx 10% at the current price plus special(s) over the next few years. RR engine issue almost sorted out. Time for divvy hounds to get their snouts back into this one ? 11 cps interim divvy fully imputed, record date 9 March.
http://nzx-prod-s7fsd7f98s.s3-websit...564/274886.pdf Tony Carter looks a "little" more pleased with this result that FBU lol
When the Beagle's tail wags like it has today, that's a sure sign he's bought back in. You'd have to read the ATM thread to find out though.
;) I was enjoying the trash talk for the past few months, hopefully it's not back to ramping. Lol.
AIR is dangerous, best left to the traders who buy confirmed changes in trend. Notice it didn't like poking it's head too far above the 200dma today?
Tomorrow's another day. An engine could blow up, or two engines (that'd be really bad) who knows.
:scared: