Originally Posted by
modandm
Its tough to anticipate what the price or effect of the govt sell down will be so its not something I worry about.
What does have me concerned is the recent decline in the NZD, the strong NZD has been a key reason to own the stock, with that reversing I am no longer so keen and am going to start trimming.
As noodles also noted the April stats were a bit weak - my revenue growth assumption has been revised downwards too.
Specifically on the operating stats yield (year on year) fell from +3.8% in March to +0.5% in April and RPK growth fell from +2.8% to -0.8% so quite a bad result...