Looking like she's his buyers have got it wrong again. Lining up to buy in at $.80c. Doesn't qualify as being able to buy extra at 0.53 Cap Raise price. Why buy in at 0.80c when all indicators are flashing red and we know SP is going to drop back to near Cap Raise price. Buying in at 0.80c would be a loss of about 35% from where SP will fall to. Are sharpies advising their clients on this or?
I don’t really agree with the headline - retail investors aren’t being screwed now, they were just idiots hanging on to or buying into AirNZ for the past year or more when the company itself (along with basically every professional investor/analyst) was saying that there was going to be a very large dilutive capital raise to be done.
If a retail investor chooses to make an investment in an individual company, they better know everything about that company from a financial perspective. Not doing so is just lazy..
It is easy to transfer shares out of Sharesies onto the regsiter. I have about 90% of my holdings under my own CSN, 10% in Sharesies trust. No AIR in either.
The AIR price today is pure insanity...At 93c that is effectively $1.73 ($0.93 x 3 = $2.79 - $1.06) so up 36% since Friday....just WOW
AIR's equity worth $3.2b which was basically peak worth when it was making $400-500m a year and paying big dividends...now what you get is a 4-year drought and a still worse balance sheet even after raising capital than they had 3 years ago...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by Maxtrade
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