good result... tho yet to read into details...
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good result... tho yet to read into details...
Yes second half outlook better than I expected and yes you are right mate, they're starting the 777-200 replacement program earlier than I expected in 2022. Have to re-gauge my expectations regarding special dividends in the early 2020's. That said their new liquidity policy looks like they trying to drive their balance sheet a little harder which is possibly a good thing. Hope they get some thoroughly deserved absolutely whopping discounts on the Trent engines on those A350's if they choose to go that way,
Still a gross misrepresentation - so early in the presentation
And isn’t that 27% in the circle pretty big - all you see really
Beagle says creative ....I say misleading and disappointing
Even worse than Sky City excluding any above average winnings by the high rollers
Is it worth reading past Page 5
Yes mate. No point getting one's tail in a spin over how they talk about jet fuel price differences, in my opinion. Get your snout into the rest of it and let us know your thoughts. Pretty resilient result I reckon but that said I'm not sure how they'll cope in FY19 when they don't have such attractive fuel hedging in place ?
read page 21 :)
Just hate companies, esp those who tout high levels of governance and transparencies, who misrepresent things so badly...they could have just used Page 9 ...more honest
If they had just said fuel costs were up a lot but we managed to recover most of that from blah blah all the good ...but touting a 27% increase in earnings come on.
Sent my feelings to Luxon anyway ...but he probably won’t listen
Won’t say anymore
http://www.nzherald.co.nz/business/n...ectid=11999469
good press :)
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.