AIR - Air NZ.

[BlackPeter]

Sharesies crowd in for another 400,000 shares this morning. Hard to resist such a discount by the looks of things.

Don't blame the Sharesies crowd. They just don't know what they are doing. The real probem is subsequent governments running down our school system and life education.

Hey - I used to learn at school nearly 50 years ago (in a different country) about the basics of the sharemarket as well as about maths and statistics. They considered this just as honing of the life skills. Good schools back in
Germany.

What do we teach the young generation in our schools? Maybe they learn some words in Te Reo (though language education is just another joke in NZ schools), but they certainly don't learn about the stock market. I still remember the guy running teacher education in Christchurch boosting some years ago that maths is not important anymore. He probably was never good in maths, so they made him head of education - makes sense.

Blame politics and the idiots they put in charge of teachers education for this misery.

But I suppose the government does not know either what they are doing ... i.e. can we really blame them?

Anyway - its probably not just AIR which deserves to bite the dust ...

[Maxtrade]

Let's hope mom n pops who had a few hundred thousand of their investment savings in cant fail AIR can access another few hundred thousand then to not loose out. For those who don't have extra funds laying around to buy in more and cost average down then they will be screwed. Either way you look at it, it's bleak.

[causecelebre]

A quote from some Sharesies Social Media. Pretty much sums it up "This is our national carrier who has been hit hard. Unless you never plan on flying with them, help ‘em out….if it doesn’t work in your favour, treat it as a donation and concentrate on your other investments making up the shortfall"

[Beagle]

A quote from some Sharesies Social Media. Pretty much sums it up "This is our national carrier who has been hit hard. Unless you never plan on flying with them, help ‘em out….if it doesn’t work in your favour, treat it as a donation and concentrate on your other investments making up the shortfall"

Oh dear...that's pretty pathetic. Fact is that even when AIR is not paying the Crown dividends or tax they benefit to the tune of hundreds of millions per annum in GST receipts and PAYE from all the staff. This is all about socialising the losses and risks so the Govt can continue to reap the rewards and well as keep critical transport infrastructure going.

The poor devastated kids and their mothers displaced from Ukraine are just a "little" more deserving of philanthropic support I would have thought and donations towards that cause are generally eligible for a donations rebate.

[peat]

I'm still short CFD's through CMC
I did cover a few more at 1:20 but for the rest I'm not doing anything, afaik nothing needs to be done....
I'm not concerning myself too much with the mechanics of it all - I figure the platform will work through it

[Bob50]

Sharesies investors own more than 6% of Air NZ. Given the government owns 51%, Sharesies have close to 12.5% of the available market, a significant percentage.

[Popeye]

I do not understand the attraction of the upside scenario (Air NZ make good money again in future). This scenario, which is by no means certain, and by all means years away, is not attractive at current SP levels. The optimistic scenario seems to be they get most (90%?) of the way back to where they were, and maybe start paying dividends in four years all going well.

Using Air's last fair sailing financial year of 2019, they had $2bn in equity and EPS of $0.24. Even optimistically assuming Air gets back to those earnings without any more capital dilutions, that would only achieve a 10% RoI for anyone taking up their rights (assuming recent SP $1.37 plus $1.06 rights so $2.43 all in to maintain shareholding).

This is a mystifying stock.

A bit simplistic, but the risk reward seems extremely unbalanced to the risk side, if you were to require the potential of at least a 20% return, you would be reluctant to pay much more than $0.10-$0.15 for pre-rights shares...

[Lease]

For those said enough bad words on Air, have you ever noted its latest half year result made positive operating cash flow? Even the border is fully closed and a few months of that period was lockdown domestically.

[Waltzing]

yes half year P&L is here...

Brackets are debts in this P&L, Credits in the PL are ABS(GeneralLedger.Sales)

Air New Zealand 2022 Interim Results - NZX, New Zealand’s Exchange

[shareman]

Oh dear...that's pretty pathetic. Fact is that even when AIR is not paying the Crown dividends or tax they benefit to the tune of hundreds of millions per annum in GST receipts and PAYE from all the staff. This is all about socialising the losses and risks so the Govt can continue to reap the rewards and well as keep critical transport infrastructure going.

The poor devastated kids and their mothers displaced from Ukraine are just a "little" more deserving of philanthropic support I would have thought and donations towards that cause are generally eligible for a donations rebate.

Hilarious, Hilarious, I personally dont like Sharesies for many reason but good luck to them