AIR - Air NZ.

[Arbroath]

[QUOTE=Baa_Baa;932142]We talk about retail shareholder damage, but what about these big guys? Do they not see what we think we see, or are they locked in through their funds or what? Surely if they do see calamity, they'd be doing something about reducing their exposure?

96092868 shares (8.56%) HSBC NOMINEES (NEW ZEALAND) LIMITED
81867211 shares (7.29%) National Nominees New Zealand Limited
60820280 shares (5.42%) JP Morgan Chase Bank
54297955 shares (4.84%) HSBC NOMINEES (NEW ZEALAND) LIMITED
42724338 shares (3.81%) Citibank Nominees (NZ) Ltd
25046308 shares (2.23%) Accident Compensation Corporation
18546981 shares (1.65%) Cogent Nominees Limited
8022271 shares (0.71%) PREMIER NOMINEES LIMITED
7943351 shares (0.71%) New Zealand Superannuation Fund Nominees Limited


Sometimes in life something makes no sense until it does...I'm happy not holding a fundamentally bankrupt airline that is likely to be almost nationalised by the end of 2022. Imagine if some of these shareholders had sold AIR at $1.60 and bought into SKT at $1.80...

[mikelee]

Glad to see the NZSF holding only 0.71%

[Getty]

[QUOTE=Arbroath;932148]

We talk about retail shareholder damage, but what about these big guys? Do they not see what we think we see, or are they locked in through their funds or what? Surely if they do see calamity, they'd be doing something about reducing their exposure?

96092868 shares (8.56%) HSBC NOMINEES (NEW ZEALAND) LIMITED
81867211 shares (7.29%) National Nominees New Zealand Limited
60820280 shares (5.42%) JP Morgan Chase Bank
54297955 shares (4.84%) HSBC NOMINEES (NEW ZEALAND) LIMITED
42724338 shares (3.81%) Citibank Nominees (NZ) Ltd
25046308 shares (2.23%) Accident Compensation Corporation
18546981 shares (1.65%) Cogent Nominees Limited
8022271 shares (0.71%) PREMIER NOMINEES LIMITED
7943351 shares (0.71%) New Zealand Superannuation Fund Nominees Limited


Sometimes in life something makes no sense until it does...I'm happy not holding a fundamentally bankrupt airline that is likely to be almost nationalised by the end of 2022. Imagine if some of these shareholders had sold AIR at $1.60 and bought into SKT at $1.80...

If they streaked to the exits, to reduce exposure, the share price would not have been too flash anyway...

[Waltzing]

The only way to avoid the OMMINUS OMICRON wave is to bring the 3rd shot forward from the 6 month mark to 3 months mark.

else the country does in deed risk Windy Cindy locking the whole country down again... the new variant can kill and it far more infectious than Delta by a long way it seems... another game changer coming ? Stormy clouds gathering..

its not investable..but the SHAZ dont follow you lot the smarter investors..they are on the other site drinking the cool aid and believing slick marketing..

[nztx]

How the **** is this still trading at $1.57??

Is there a massive amount of people out there sniffing Av gas??

Probably something more potent ..

[nztx]

Must still be something lendable left in the bank of the Taxpayer (or was that the Bank of Grant)

https://www.nzx.com/announcements/384616


Obviously taking something larger out looks to have strings on putting the earlier smaller take out back in

Air's SHF at a guess must be pretty much Negative, adjusting things to Current Realisable Value of the bits left..

A bit like running the bus until the motor blows, windows & wheels fall off, then it becomes no longer usable or viable to fix ..

but haven't the current Govt been managing the Economy in that manner anyway ?

[IntheRearWithTheGear]

Really interest youtube video on why airlines dont make money flying - maybe this is why the price is stuck for air new zealand by the big boys - all those flights cancelled redeemed as fly pointer - which air new zealand get to dictitate their worth at a latter date, ie reserve bank issuing its own money in the form of fly buy tokens.

https://www.youtube.com/watch?v=ggUduBmvQ_4

[mikelee]

This one is pretty good too.
https://www.youtube.com/watch?v=Mj8WZLtqo7Q

[Beagle]

https://www.nzherald.co.nz/business/...6Y7BRHHOJIXUQ/ Paywalled

Jarden predicts monstrous loss of $764m and reiterates SELL recommendation. Target price is 80 cents.

Excerpt - Revenue forecasts have been revised down by 21 per cent which translates to a pre-tax loss of $764m in the 2022 financial year, compared to the analysts' earlier forecast of $578m and much bigger than the booked $430m pre-tax loss in the 2021 year....The analysts calculate an underlying monthly cash burn of around $90m....The analysts, Andrew Steele and Nick Yeo, say the 12-month target price of 80c - down from 85c in their last report

My thoughts - These huge losses and cash burn should strike fear into any rational investor. The dog says this is a SCREAMING SELL

Get out while you can still find a fool to buy them off you !!

[Baa_Baa]

And that article also quotes Jarden with this ...

"We retain our Sell rating, reflecting our view that given Air (NZ's) requirement for what we expect will likely be a highly dilutive capital raise, material ongoing near-term losses and lack of comfort on the timing and trajectory of any earnings recovery.''

"12-month target price of 80c"

Just what we've been talking about for months now.