AIR - Air NZ.

[BlackPeter]

@thestinkmarket
In Chapter 20 of The Intelligent Investor, Ben Graham said the biggest returns come to those who pump penny stocks on Twitter.

Interesting - which issue of the book do you use? Mine talks in chapter 20 about "margin of safety".

As well ... didn't Ben Graham die in 1976? Amazing he predicted already before his death the rise of twitter (established 2006). Or was this a post humus prediction? Book maybe updated in a seance?

[blackcap]

Caught up with couple of mates over weekend first time since lockdown, among the chat came up shares and both of them (and their mates) have all piled into buying into AIR recently. All of these guys are first timers into share investing.

Does seem as though AIR to truly good value in their opinion in recent times.

Some of the thinking of these first timers is that the share is halved in price, it must be good value. Some really weird thinking out there. My brother for instance differentiates the power stocks on price. The Genesis SP is less than Meridian's so must be a better investment. Or also "which one has the highest yield". Crazy times.

[winner69]

Interesting - which issue of the book do you use? Mine talks in chapter 20 about "margin of safety".

As well ... didn't Ben Graham die in 1976? Amazing he predicted already before his death the rise of twitter (established 2006). Or was this a post humus prediction? Book maybe updated in a seance?

Jeez BP ..you looked up Chapter 20

Chapter 15 apparently talks about how good stock buy backs are good for punters

[Stranger_Danger]

What an announcement. No mention of refunds policy, or what the accounts would show if refunds were made. No sales or profit projections or even hints. Nothing about the financial impact of the grounded aircraft, nothing about fuel hedge losses, nothing about leasing liabilities.

Shares up by 20 cents?

[winner69]

What an announcement. No mention of refunds policy, or what the accounts would show if refunds were made. No sales or profit projections or even hints. Nothing about the financial impact of the grounded aircraft, nothing about fuel hedge losses, nothing about leasing liabilities.

Shares up by 20 cents?

You should have read the first sentence

Please note that this email is not intended to provide a forecast or guidance on revenue or earnings for the 2020 financial year.

Just a communication to staff in these ‘eye watering times’

[Stranger_Danger]

Oh, I read it. When something is released to market, it isn't just a communication to staff.

[blackcap]

You should have read the first sentence

Please note that this email is not intended to provide a forecast or guidance on revenue or earnings for the 2020 financial year.

Just a communication to staff in these ‘eye watering times’

The announcement was deemed "P" though... (funny there was no quantifiable data except the 70% thing and the trimming of workforce thingee)

[bull....]

if there going to trim the workforce more shortly to reduce costs , i will have to extend the time before they access the govt loan to more than 5-6mths time , this announcement should be a good day today

[bull....]

healthy profits by 2022 foran says should be at $3 by then lol paying 20c divs again... hopefully we say

[trader_jackson]

At $1.79 this would have to be the most overvalued stock on the NZX right now by a blue mile.

Simply stunning a company that is going to be losing over a billion dollars in the next few years, going to have huge dilution when the government converts their un-payable loan to equity, operating in an industry with no barriers to entry, potentially facing a lawsuit over refunds, and (at best) will be a third smaller than it was previously (when the share price was $3)... is valued at $2 billion bucks.

What is Mr Market seeing that I am not?