Financial Year to Date (3 months) Year on Year Revenue Comparisons:
Short Haul:
Aug: 99.26%
Sep: 99.18%
Long Haul:
Aug: 98.62%
Sep: 98.07%
Best Wishes
Paper Tiger
Printable View
https://www.nzx.com/files/attachments/245822.pdf
For those that prefer the relative safety of bonds this might be something that interests you.
Just out of interest I note the projected dividend yield at $1.78 based on 20 cps fully imputed (20 / 0.72) / 178 = 15.6% gross. I think we've debated whether this projected dividend yield is sustainable enough already for people to make their own mind up.
See above, 15.6% gross.
Even though this is a very strong company that will undoubtedly be around in another 76 years time long after we're pushing up daises I can't see the logic in investing in 6 year bonds at 4.1% when we are so close to the bottom of the interest rate cycle. On the other hand, like you mate, I'd like to think we're somewhere near the bottom of the rollercoaster that is AIR's SP.
Smoke and Mirrors?? Your the accountant--Hows the last dividend looking in terms of AIR portfolio value? Because it looks to me like the market has devalued the share accordingly.That debate seems to have been discarded.
If AIR perform then that is fair enough -but buying for dividend?(that only works if the SP makes up the difference)---The share price should ''earn'' the dividend--not the other way around. IMO
Post dividend SP has disappointed thus far, no question about that but I think you're drawing a very long bow somewhat implying all future dividends will be met with permanent SP decreases.
I think we've gone around this mulberry bush enough and thrashed the "can they continue to pay 20 cps per annum in dividends" to death but if others want to debate it further that's their prerogative.
They should of gone down the same path as Chorus and issue euro bonds at 1.1% interest
Yep and those others can also have a debate with the 6 analysts who have a consensus average divvy of 19.66c over the next 3 years, after that with lower Capex there's no reason why that level of divvy can't continue. I still can't find a better value share on the NZX currently, look forward to the others showing me better alternatives.
No ,Im not trying to draw that bow at all--I have no idea if it will happen again---what Im saying is that you cant imply that the dividend will be free and clear as in free money-(it didnt happen this time,so by definition its not a given next time- thats all. I dont think it can be used as ''bait'' for buying shares.---Thats not to say that some of it ,or even all of it wont be free and clear next time...maybe,maybe not........It sure is a baffling share though aint it?
I thinkm its all about performance and market sentiment now...the rest will follow.
There are so many surprises I think you have to look at TA--Its just not behaving in terms of fundamentals.