AIR - Air NZ.

[Baa_Baa]

if the dilution comes then imagine the effect on the SHAZ as there equity disappears... first time investors for many.

Lets hope for a second time in a life time destressed assets purchase arrives.

And there is the opportunity, which unlike last time few took advantage of. Was scary then, even on the sidelines. Distressed company, an awful word. Especially for an owner rather than a suitor.

Would be nice to hear a story from someone who bought AIR in 2001'ish at the lows.

Older and wiser now, and not too concerned who sells their shares to me. AIR = too big and important to NZ to fail. Ergo, government will serve up, and as suggested, second time in a lifetime opportunity?

Patience.

[Waltzing]

Worth a re read just to refresh ones memory... and what a decade to follow. A big crash every 10 to 15 years on the market.

https://australianaviation.com.au/20...sett-collapse/

and one wonders if the current Government has asked you know who for a possible plan.

https://www.kordamentha.com/Home

[STr]

Have been watching the posts on WHS and the rest of NZ out shopping …. So, reduced the Airpoints balance by a few thousand in the online store today. 1. Satisfied the urge to shop and 2. Growing realisation that I ain’t going to be flying offshore for a number of years and those Airpoints are possibly a liability AIR don’t really need.

[Beagle]

Good move, who knows what might happen to those airpoints in a major restructure ? Could end up being worthless. I have no interest in confining myself into a thin aluminium tube breathing everyone's else's air even on a domestic flight any time soon. Will head down to Mitre Ten and expend my airpoints as soon as Auckland is released from Covid jail.

[Maxtrade]

If AIR has had enough resistance to keep it from dropping below 1.50 even during NZ's second lockdown, might this suggest the SP could hold and not drop to the depths of $1 or less with the pushed out capital raise? Maybe there is enough believers in the company to support the SP from falling. Especially once the vaccine rollout reaches targeted 80% and things start resuming some kind of normality with travel and the influx of tourist bound to flow then. Pent up desire for people to travel again. I would have though this second delta lockdown would have tested the lows of where AIR SP might go. However there was enough support to stop falling below 1.40.

Thoughts?

[winner69]

If AIR has had enough resistance to keep it from dropping below 1.50 even during NZ's second lockdown, might this suggest the SP could hold and not drop to the depths of $1 or less with the pushed out capital raise? Maybe there is enough believers in the company to support the SP from falling. Especially once the vaccine rollout reaches targeted 80% and things start resuming some kind of normality with travel and the influx of tourist bound to flow then. Pent up desire for people to travel again. I would have though this second delta lockdown would have tested the lows of where AIR SP might go. However there was enough support to stop falling below 1.40.

Thoughts?

Hang in there max …you might be right

But I’m an old codger with old bones and those bones tell me that existing shares will be next to worthless (OK shouldn’t exaggerate so will say greatly finished value) this time next year.

[Beagle]

Some travel, leisure and casino stocks got smacked up pretty bad on the US markets overnight. The realities of a Delta world are starting to make themselves felt. This old mutt with old bones is avoiding the travel and leisure sector like a plague because who wants to keep getting kicked in the head repeatedly as one variant after another poses major problems in the years ahead ?

Its too ugly and uncomfortable to talk about the fact that there's more variants coming and will probably pose ongoing major issues for years...nobody wants to contemplate that so hardly anyone talks about it.

[BlackPeter]

If AIR has had enough resistance to keep it from dropping below 1.50 even during NZ's second lockdown, might this suggest the SP could hold and not drop to the depths of $1 or less with the pushed out capital raise? Maybe there is enough believers in the company to support the SP from falling. Especially once the vaccine rollout reaches targeted 80% and things start resuming some kind of normality with travel and the influx of tourist bound to flow then. Pent up desire for people to travel again. I would have though this second delta lockdown would have tested the lows of where AIR SP might go. However there was enough support to stop falling below 1.40.

Thoughts?

I don't think there is any doubt that travel will be down for some time. Antivaxxers will make sure that Covid will run for years to come and I think it will be as well a safe bet that they will breed soon a super delta version of the virus.

Sure - there always will be transport and (some) travel, but it probably would be easier for a new company (without the constraints of an existing - and now - mismatched structure) to make the best out of any new opportunities.

AIR's fundamentals will look bad for at least several years to come and their capital hunger will be significant.

Of course - nobody can say, what this means for the share price ... if you want to see where hype can drive securities without value or earnings potential, look no further than e.g. cryptocurrencies of Gamestop.

Will AIR be the next Bitcoin or Gamestop? Possible, the question is just how big you see the risks that the market will at some stage come to its senses and start to value it according to its earning potential.

Personally I think if you want to grow your capital, there are better odds around than buying at current an AIR share with dilution guarantee for something north of $1.50 ...

[peat]

If AIR has had enough resistance to keep it from dropping below 1.50 even during NZ's second lockdown, might this suggest the SP could hold and not drop to the depths of $1 or less with the pushed out capital raise? Maybe there is enough believers in the company to support the SP from falling. Especially once the vaccine rollout reaches targeted 80% and things start resuming some kind of normality with travel and the influx of tourist bound to flow then. Pent up desire for people to travel again. I would have though this second delta lockdown would have tested the lows of where AIR SP might go. However there was enough support to stop falling below 1.40.

Thoughts?

I think it just got a bit oversold after 6 months of down. Here shown on the weekly we see the RSI went into oversold territory. There was no divergence though.
AIR0915Weekly.JPG

It appears to me that each day the minnows come out and buy it up furiously and yes support is quite strong. But I think ultimately resistance will be stronger - I'm happy to keep selling into any significant rallies. Got some more done the other day at 1.58.

[peat]

Antivaxxers will make sure that Covid will run for years to come and I think it will be as well a safe bet that they will breed soon a super delta version of the virus.

Gotta keep jabbin at people dont ya.

HUH.JPG