AIR - Air NZ.

[percy]

Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.

Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c.


But I remain firmly of the belief that you should never invest in airlines.

You were not alone.I bought a few for the wife after hearing Greg Foran talk on ZB radio.At 78 cents the 6 cps imputed divie gives a 7.69% yield in under a month.
This is the 3rd airline share I have owned .Did well with Airwork in NZ, and AQZ Alliance in Oz.
Surprised Heartland fell so much after the 6cps divie.I thought it would drop about 4 cps,but 9cps?

[BlackPeter]

Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.

Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c.


But I remain firmly of the belief that you should never invest in airlines.

You sound like Warren Buffett ... ;

[ValueNZ]

Don't tell anyone, but I bough some when they announced the result and currently I am very happy with the price since.

Last day tomorrow to buy for that 6c divvy and then hope that it does not do a 'Heartland' and drop 9c on paying 6c.


But I remain firmly of the belief that you should never invest in airlines.

6c dividend and 9c price drop if you reinvest the dividend makes the intrinsic value of your shareholding go up. You should be praying for price to fall more than the dividend payment.

[nztx]

6c dividend and 9c price drop if you reinvest the dividend makes the intrinsic value of your shareholding go up. You should be praying for price to fall more than the dividend payment.

Remember .. probably no Imputation credits going forward from now on the large cupboard full of tax losses, so full 33% DWT for some time going forwards, if they pay Divs & not do buy backs etc

[winner69]

H123 pbt was $299m …….H124 between $180m to $230m they say this morning

Included in that guidance is approximately $45 million of Covid related credits that are highly unlikely to be redeemed by the extended expiry date.

So a windfall? I’m assuming released to profit…. Correct me if I’m wrong

So it looks like Peak Profits are over …..first half pbt could be only half of last years

http://nzx-prod-s7fsd7f98s.s3-websit...825/404961.pdf

[Balance]

Market consensus is for PBT to drop from $574m in F23 to $424m in F24 - 26% fall.

Going to be interesting to see how the market adjusts the forecast with today's announcement.

[Grimy]

[QUOTE=winner69;1025486]H123 pbt was $299m …….H124 between $180m to $230m they say this morning
Included in that guidance is approximately $45 million of Covid related credits that are highly unlikely to be redeemed by the extended expiry date. QUOTE]

If you have a credit from a cancellation early in the pandemic, you have until 31/126 to rebook a flight with travel to be taken by 31/12/26. And with all the extensions already given I wouldn't be surprised if they eventually make the date completely open-ended like some other airlines. So still a long time for credits to be redeemed. We are using ours this month.
I'm sure there will be a reasonable number of credits never used-just don't know the value.

[winner69]

Market consensus is for PBT to drop from $574m in F23 to $424m in F24 - 26% fall.

Going to be interesting to see how the market adjusts the forecast with today's announcement.

They might adjust forecasts but ‘ The airline cautions against extrapolating first half FY24 earnings guidance to the full year’

[winner69]

Share price down to 67.5 …..the love for AIR seems to be waning

Was a pretty dreadful profit guidance the other day so no wonder share price heading south

[BlackPeter]

Share price down to 67.5 …..the love for AIR seems to be waning

Was a pretty dreadful profit guidance the other day so no wonder share price heading south

I wonder who will bring all the tourists into the country which THL seems to be expecting .... but then - THL share as well in the red.