AIR - Air NZ.

[Lego_Man]

A short position is no good unless the shares sold are bought back (covered), if the company fails - literally, and the short position is still open, then the trade is worthless.

That's a myth.

[Beagle]

Plenty of time to close this out in due course when they're close to worthless. Government will be very keen (its election year), when the $900m runs out to show more "support" for the airline. Nationalisation is a dirty word and conceptually an extremely bad look for Labour and they will be very keen to avoid that.

I expect they will do a rinse and repeat of the 2001 bailout with bigger numbers. When the share price goes under 25 cents they will announce their previous $900m will be converted to equity and another $900m injected as well. Massive cash issue coming at 25 cents to raise about $2b.. N.Z. Govt will end up with approx. 90% of the airline this time by my indicative back of the envelope calculations, (but will be keen to be seen to be showing support as opposed to simply nationalising the airline).

The ugly truth is minority shareholders are the sacrificial goat here and are being sold down the river with the $900m "support" package at a very high interest rate.

[whatsup]

Day traders getting slaughtered atm !!

Another day when D Ters are getting slaughtered, falling knife et al !!.

[silverblizzard888]

Gee is there news or not, why does AIR keep halting.

Also whats interesting is that over a 1000 buyers today but their average is a few hundred shares, while sellers are on average selling tens of thousands of shares.

Whos the smart money lol, small retail shareholders or the large investors and institutions currently selling.

[Beagle]

I was wondering that ? Why is AIR being halted ? Circuit breakers applying just to AIR ?

[stoploss]

I was wondering that ? Why is AIR being halted ? Circuit breakers applying just to AIR ?

92/92.5 looks ok at moment

[Scrunch]

Is this development the start of the recovery of air travel?
https://www.cnbc.com/2020/03/21/fda-...5-minutes.html

I know the article only talks about medical screening, but it could be done in an airport. International check-in procedures are 3-hours. With a 45 minute test you could pre-screen every individual before they enter the plane and potentially after they exit. It says medical expertise is not needed to do the test.

What would the public health risk be of a plane load of tourists to NZ with tests confirming they are virus free?

[Xerof]

Gee is there news or not, why does AIR keep halting.

Also whats interesting is that over a 1000 buyers today but their average is a few hundred shares, while sellers are on average selling tens of thousands of shares.

Whos the smart money lol, small retail shareholders or the large investors and institutions currently selling.

a pathetic attempt by the BOT's to make it appear bid. Failed

[stoploss]

Is this development the start of the recovery of air travel?
https://www.cnbc.com/2020/03/21/fda-...5-minutes.html

I know the article only talks about medical screening, but it could be done in an airport. International check-in procedures are 3-hours. With this you could pre-screen every individual before they enter the plane and potentially after they exit.

What would the public health risk be of a plane load of tourists to NZ with tests confirming they are virus free?

A lot of people have tested negative , then subsequently developed it . So it's not foolproof , so still a risk as it maybe incubating and they are not virus free....

[blackcap]

a pathetic attempt by the BOT's to make it appear bid. Failed

It's not bots. Its actual retail investors who use a platform found at sharesies.com. You get charged a % for brokerage but there is no minimum brokerage. You also can purchase fractional shares. So if you wanted to you could place an order for $2 worth of SPK shares and pick up half a share.