Talking about AIR. sp looking strong lately. Must be the high yld. Power companies looking a bit over the top, maybe some dollars will spill over to AIR for the yield, $3+ here we come.
Yield is supportive for sure mate but I also think JetStar pulling out of the regions will now allow AIR to earn a more reasonable return on capital employed.
Hard to quantify what this is worth in terms of all future more realistic regional returns on a DCF basis into today's share price but I think the SP reaction is reasonable and oil has now returned to pre Saudi oil infrastructure attack level's. I think the clear risk of further attacks by the Iranians cannot be ignored and we live with a much higher geopolitical risk environment going forward so I am neutral on AIR at this level and retain just a modest holding.
I am a little surprised that hasn't been an overt response to the Iranian's aggression. I would think the CIA and Saudi intelligence services are cooperating on subversive reprisals as well as the harsher economic sanctions. Hard to say where this geopolitical mess ends up and the effect on oil prices...but yes, I am cautious.
Last edited by Beagle; 02-10-2019 at 12:23 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
236 comments in the comments section, its seems every man and his freeloading dog has an opinion on that one.
My thoughts, at least they're expanding it whereas JetStar's regional travellers have to endure air hostesses that are even more grumpier than usual.
Last edited by Beagle; 03-10-2019 at 03:46 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
236 comments in the comments section, its seems every man and his freeloading dog has an opinion on that one.
My thoughts, at least they're expanding it whereas JetStar's regional travellers have to endure air hostesses that are even more grumpier than usual.
Just as well the likes of Raz get into that room for special people and doesnt have to mix with the freeloaders
Nobody forces anybody to go into the Koru Lounge
At the top of every bubble, everyone is convinced it's not yet a bubble.
Makes it look like Auckland is the centre of the universe lol
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by Beagle
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