AIR - Air NZ.

[winner69]

My memory has faded a bit but I do believe you're right and of course the same thing could easily happen again especially with this Govt's extreme socialist approach. Minority shareholders could easily be the sacrificial lamb.

So if that happened those currently holding might see their $1.40 shares be worth only $0.30 or something (and no extra shares) …..and if AIR ever pays a divie again it will be pretty small with the zillions of new shares.

Doesn’t seem much sense holding at moment but then what do I know

[Beagle]

So if that happened those currently holding might see their $1.40 shares be worth only $0.30 or something (and no extra shares) …..and if AIR ever pays a divie again it will be pretty small with the zillions of new shares.

Doesn’t seem much sense holding at moment but then what do I know

Actually I think you've hit the nail directly on the head ! Any divvy will be many years away and even then probably only 5 cents a share and that's after yet another 1:5 share consolidation like last time. Rinse and repeat next time there's another crisis. Don't you absolutely adore socialism hand in hand with airline investment...what could possibly go wrong

[Dassets]

The lack of comment from the company is telling.

Welcome to the Thunderdome!

"Two men enter. One man leaves."

I am one of those men. Disc Short

[Marilyn Munroe]

If you look at it through a political lens will the issue take place?

The haste with which the Government acted to reduce motor spirits duty suggests they are sensitive to economic damage suffered by voters following the recent adverse political poll.

Will Grant Robertson risk bringing down the hammer on mom and pop Robertson Airlines investors?

Boop boop de do
Marilyn

[BlackPeter]

If you look at it through a political lens will the issue take place?

The haste with which the Government acted to reduce motor spirits duty suggests they are sensitive to economic damage suffered by voters following the recent adverse political poll.

Will Grant Robertson risk bringing down the hammer on mom and pop Robertson Airlines investors?

Boop boop de do
Marilyn

No matter how desperate the government might be to please voters ... what would you propose they could do in the context of AIR's issues to achieve an outcome which satisfies both shareholders as well as the general public?

I only see a rock and a hard place ... and am only surprised that so many buyers willingly queue up to get there.

But hey - people are back to air tourism in the US as well as in Europe ... who knows, maybe things are not too different in NZ give it another handful of months ...

[dln]

Will Grant Robertson risk bringing down the hammer on mom and pop Robertson Airlines investors?

Of course.
They should have invested in real estate if they wanted govt protection ...

[Marilyn Munroe]

... what would you propose they could do in the context of AIR's issues to achieve an outcome which satisfies both shareholders as well as the general public?

Every time Robertson Airlines hits a sticky patch taxpayers have to open their wallets. An ordinary Kiwi Joker has to endure a sub standard education for his kids because the Koru Taniwhia got all the cash.

This should not be allowed to continue. Grant Robertson needs to grow a pair, be Dr Evil not Mini Me.

If Grant Robertson in Dr Evil mode asked me what he should do to protect taxpayers alone I would tell him this;

Do not subscribe to the share issue, that is just peeing money against the wall.

Write off the advances already made, what can't be paid won't be paid.

Let it go bust. If it survives fine but whatever happens he didn't throw another wad of taxpayers cash at it.

Offer the receiver slightly above break up value. If someone else comes over the top, fine it is their problem now.

If left holding the baby reconstitute as a different entity restricted to single isle aircraft. This will give the ability to cover domestic, across the ditch and the South Pacific but limit the scope of damage to taxpayers wallets next time things get sticky. If the new entity wants to operate larger twin isle aircraft the rules are it needs to be done by an arms length outfit whose losses are not a hazard to main entities balance sheet.

Boop boop de do
Marilyn

PS. If this post comes to the attention of the tea drinkers and biscuit nibblers in the Civil Aviation Authority Policy Division a chorus of offended pretense will arise.

[nztx]

Is there any chance of a multibagger lurking somewhere in the clouds & haze ?

Politicians (the smarter versions) at the steering wheel of just about anything corporate
still generally ends in some form of grief somewhere (as for the less smarter versions .. well .. )

it might be worse than a wheel, wing or engine falling off ..

Perhaps some revisions of the ACC cover might be needed to cover failure of
Robertson Air even while most of the birds are sitting on the tarmac

Perhaps ACC and/or the Large Super Funds should buy out AIR @ somewhere around $1.80
a share or north - based on the Hon Finance Minister's blind future faith in things looking
down into the bottom of the empty bucket being thrown around for frequent top ups..

Or even make it a buy out subsidiary of NZ Post - seeing as the NZ Post Camp like things
that require squillions of bucks thrown at them - as seen with Kiwibank

It could be a marriage made in heaven and save the Retail punters a bit of bother & pain down the track

[BlackPeter]

Every time Robertson Airlines hits a sticky patch taxpayers have to open their wallets. An ordinary Kiwi Joker has to endure a sub standard education for his kids because the Koru Taniwhia got all the cash.

This should not be allowed to continue. Grant Robertson needs to grow a pair, be Dr Evil not Mini Me.

If Grant Robertson in Dr Evil mode asked me what he should do to protect taxpayers alone I would tell him this;

Do not subscribe to the share issue, that is just peeing money against the wall.

Write off the advances already made, what can't be paid won't be paid.

Let it go bust. If it survives fine but whatever happens he didn't throw another wad of taxpayers cash at it.

Offer the receiver slightly above break up value. If someone else comes over the top, fine it is their problem now.

If left holding the baby reconstitute as a different entity restricted to single isle aircraft. This will give the ability to cover domestic, across the ditch and the South Pacific but limit the scope of damage to taxpayers wallets next time things get sticky. If the new entity wants to operate larger twin isle aircraft the rules are it needs to be done by an arms length outfit whose losses are not a hazard to main entities balance sheet.

Boop boop de do
Marilyn

PS. If this post comes to the attention of the tea drinkers and biscuit nibblers in the Civil Aviation Authority Policy Division a chorus of offended pretense will arise.

Interesting.

Not sure though, one isle planes are more economical to operate - but I guess it depends on the number of people you want to transport (and who want to be transported).

Just wondering, though. Do we know whether the taxpayer lost long term money with Air New Zealand?

While the taxpayer had to chip in money at times (and lots) ... they made as well huge profits at times with AIR, e.g. by selling half of what's now worth peanuts for a huge amount of money to clueless retail investors, and just by cashing in all the nice dividends over the last decade or so (well, minus the Covid years).

I didn't took the sums, but I am pretty sure that over the years the tax payer had worse things to carry than AIR ... and yes, now seems to be again one of these darker periods.

While I think that AIR will turn out for current retail shareholders a disaster ... I would not be surprised if whoever is minister of finance in say five to ten years from now can cream them again ...

[nztx]

Interesting.

Not sure though, one isle planes are more economical to operate - but I guess it depends on the number of people you want to transport (and who want to be transported).

Just wondering, though. Do we know whether the taxpayer lost long term money with Air New Zealand?

While the taxpayer had to chip in money at times (and lots) ... they made as well huge profits at times with AIR, e.g. by selling half of what's now worth peanuts for a huge amount of money to clueless retail investors, and just by cashing in all the nice dividends over the last decade or so (well, minus the Covid years).

I didn't took the sums, but I am pretty sure that over the years the tax payer had worse things to carry than AIR ... and yes, now seems to be again one of these darker periods.

While I think that AIR will turn out for current retail shareholders a disaster ... I would not be surprised if whoever is minister of finance in say five to ten years from now can cream them again ...

Govt probably made back any deficits incurred on AIR many times over by jacking up the values of
the Power Assets pre float .. we all know who wound up on the paying ends of that lot