Posted just 12 days ago against a barrage of negativism calling it under $2. Got the timing of the recovery a "little" wrong but I am not complaining lol
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Well called Beagle, I'm surprised the SP is still going up even though oil is at five month highs.
Voted Australia's favourite company once again. LOL https://www.stuff.co.nz/business/inn...d-year-running
So AIR hiring expensive outside consultants
https://www.nzherald.co.nz/business/...ectid=12224620
Remember somebody posting this last year on another thread - “Hiring outside consultants a while back to tell them how to run their business was a free warning sign for shareholders that management have lost their way”
With fuel going up and now this warning sign maybe time to be cautious
Yes, could be. From the other forum
In the last few weeks since management updated towards the end of March we have seen :-
1.Oil continue to march quite a bit higher, plus this further significant jump over the weekend
2. Rolls Royce engine problems on the Trent 1000 engine being announced on their latter version of that engine which could affect AIR beyond the currently understood period with earlier versions of that engine
3. The share price climb materially from about $2.40 before the last management briefing
I wouldn't have thought 3 goes with 1 and 2. Shares have reached my fair value assumption (exclusive of the first two factors mentioned above)
I have taken the appropriate portfolio action and still have a modest stake for yield.
Trust you are left with fantastic high yielding "free ones."
LOL yeah, can you help ? I'm not sure how to work out the yield on the ones left :)
I always start at 100% and work upwards.?..lol.
Had my first long haul flight with AirNZ to Shanghai the other day. The food was better than average but beside that there was almost nothing differentiating the flight from the next flight 5 hours later with KLM. Both in 777’s, both almost entirely staffed with chinese staff. Both flights had no empty seats, clearly no issues with demand.
in future when going to europe I will be prioritising Singapore airlines with the included 1 night stop over and tourist pass as the price is more or less the same and Changi airport is far better. I will be actively avoiding chinese airports in the future.
Could do mate but I also think the currency is not especially helpful at this level. I think the ongoing problems with RR engines could be materially more ongoing than I previously hoped so I am more cautious. Also their favourable fuel hedge position doesn't run all that far into FY20. I think its just a hold at this level for yield as part of a very well diversified portfolio.