Well mate I have scoured the market and can't find anything that's better buying than AIR in terms of its incredible value and great prospects so I've lined up and bought more today.
With you Roger, bought a heap more two days ago and already 10.5c per share better off. Way too heavy on AIR but nothing better out there at the moment although I'm pretty happy with SKL as well. Well positioned you might say!
With you Roger, bought a heap more two days ago and already 10.5c per share better off. Way too heavy on AIR but nothing better out there at the moment although I'm pretty happy with SKL as well. Well positioned you might say!
Absolutely mate. I wonder if I should admit out loud that I've now quadrupled my holding since the annual meeting
I think the new border levy at ~ $20 seems reasonable. At the end of the day why should regular Kiwi taxpayers fund overseas tourists border costs ? Compares very favourably with the Australian Levy of $A55 and the U.K.'s levy of a whopping 71 pounds. I can't see anyone travelling long haul being put off by a mere extra $20 and as for our neighbours coming from Aussie for their ski holiday, well they might be a little less rowdy at the pub about their skiing prowess after a day on the slopes because they drink two fewer beers, would that be a bad thing
Last edited by Beagle; 14-10-2015 at 04:07 PM.
Reason: Add comment about new border levy
.. can't find anything that's better buying than AIR...
Me either - table below shows my top 20 stocks.
They are ranked by forecast internal rate of return (tax paid) using the median market PE since 2007.
Also shown is the IRR if each stock were valued on a PE of 15.
And the extent to which the share price is below or above the forecast 2016 earnings x median market PE - i.e. what the price should be once that result's announced.
AIR is top.
Stocks
MidPtPE
IRR MPPE
IRR PE15
1 yr UV/OV
Growth%
DivYield
AIR.NZ
10.2
26%
32%
117%
10.0%
8.1%
STU.NZ
13.7
25%
26%
80%
11.0%
9.7%
TWR.NZ
10.2
23%
26%
45%
12.0%
8.7%
nzr.nz
18.2
22%
19%
216%
2.0%
8.5%
SKL.NZ
12.8
21%
23%
83%
6.0%
9.6%
awf.nz
10.4
19%
23%
18%
12.0%
10.0%
HNZ.NZ
11.5
18%
22%
18%
11.0%
8.8%
IFT.NZ
14.7
18%
18%
10%
14.0%
5.8%
FRE.NZ
15.7
17%
16%
10%
13.0%
6.6%
CNU.NZ
9.1
16%
22%
-40%
8.0%
0.0%
mel.NZ
10.7
16%
19%
14%
8.0%
8.6%
thl.nz
11.2
16%
19%
12%
10.0%
8.6%
pgw.nz
9.6
15%
20%
16%
5.0%
13.5%
hby.nz
10.5
15%
18%
17%
7.0%
12.1%
ANZ.ax
12.3
15%
18%
32%
6.5%
8.8%
ZEL.NZ
11.9
14%
17%
-28%
11.5%
5.8%
arv.nz
13.3
14%
16%
9%
11.0%
6.8%
MRP.NZ
27.7
14%
8%
34%
6.0%
9.5%
TPW.NZ
20.3
14%
10%
20%
7.5%
7.0%
Mid pt PE
Market median PE since 2007
IRR MPPE
Forecast internal rate of return next 7 years, using market median PE
IRR PE15
Forecast internal rate of return next 7 years, using PE of 15
Growth
Estimated growth factor next 7 years
Div yield
Current gross dividend yield
1 yr UV/OV - Percent undervalued or overvalued one year out - the percent a stock has to gain or lose to reach the forecast price based on eps 2016 * market median PE
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