AIR - Air NZ.

[Phaedrus]

...waiting for the trendline break...

Good on you Scamper. AIR is in a fairly steep uptrend just now, but we all know that every uptrend ends sooner or later. When the time comes to sell, your trendline break is likely to be one of the first indicators to be triggered, but there should be plenty of confirmation at around the same time from the other indicators shown here.
This is an update of the AIR chart posted 3 weeks ago (previous page, post #418). It features the same indicators and time periods. All have worked very well indeed, giving reasonably early signals fairly close together.
Why so many indicators? Primarily to show that there is more than one way to skin a cat. There is no "ideal" indicator and each and every one has its own strengths. weaknesses and characteristics. The fact is that anyone, using any of these indicators, would have traded AIR quite efficiently. They all work well. As you would expect, acting on the first signal to trigger gives the best results, but it is generally considered more prudent to wait for confirmation from a second indicator before buying or selling.

[Sideshow Bob]

Air NZ shares expected to soar
By DENISE McNABB

In a report Marcus Curley said Air NZ was poised to soar out of the gloomy world environment next year and its share price was likely to rise to $1.35 in the next 12 months and then jump to $1.70 a share.

His forecast is made on the basis of the airline being shielded from oil price rises, international passenger numbers looking likely to increase in the next quarter from -4 per cent to 3 per cent next year and stabilising economic growth in New Zealand during the past three months.

His prediction is in contrast to his colleagues Andrew Gibson and Andrew McCusker's take on a A$231 million (NZ$290m) capital raising announced on Monday by Australia's second-biggest carrier, Virgin Blue, parent of New Zealand carrier Pacific Blue.

Air NZ said the long-speculated capital raising would improve liquidity but the analysts said they were concerned about the risk of prolonged losses from V Australia if conditions remained challenging.

Macquarie Equities analysts Russell Shaw and Riaz Hyde questioned whether the capital raising, diluting existing shareholders' stakes by 49 per cent, was necessary just to improve liquidity when the company was predicting a near break-even performance next year after a A$160m-A$165m loss this year.

They did, however, think the entry price of A20c a share was attractive.

http://www.nzx.com/print/2685055

[Vitamin]

I've been following all of the Broker reports and Marcus Curley, until recently, was negative on AIR so it's a sea-change to now see such a bullish report.

The stock has rallied well over the last few days, so, maybe it's the start of something big?

[NOCASH]

Hope this will be a well done stock, brought in at 1.07 with my student overdraft interest free money, $2000.

[BRICKS]

MY friend is flying back this week end and when she checked her seat she had been allocated a aisle seat when she asked for a window seat NO worry`s it can be allocated
but it cost`s $15 CAN., just little things to COME...

[BRICKS]

MY friend is flying back this week end and when she checked her seat she had been allocated a aisle seat when she asked for a window seat NO worry`s it can be allocated
but it cost`s $15 CAN., just little things to COME...

WELL she just left TORONTO headed for LA be interesting to know if she has been able to swap for a window seat and beat the $15 CHARGE..

[BRICKS]

WELL she just left TORONTO headed for LA be interesting to know if she has been able to swap for a window seat and beat the $15 CHARGE..

THE situation was that the plane totally full moving seats was out of the question
so just GO with the flow,, update now sitting in AULK DOM waiting for the last leg to
WELLINGTON.....

[Vitamin]

I see another Broker's report is very bullish on AIR, with a 12 month price target of $1.50 per share and a DCF valuation of $1.83 per share:

"Our target price of NZ$1.50 (1x P/B) is unchanged, although forecast revisions boost our DCF valuation to NZ$1.83 (previously NZ$1.43). We think AIR remains in a strong position with minimal near-term capex requirements, net cash and moderate gearing of around 50% (operating leases at 7x). We view AIR as a trading stock for less cautious investors, given the super-cyclical nature of the sector. On our estimates, AIR is trading around 0.73x P/B relative to QAN on around 1x P/B."

Certainly looks cheap compared to its competitors. Let's hope the rally continues

[BRICKS]

I see another Broker's report is very bullish on AIR, with a 12 month price target of $1.50 per share and a DCF valuation of $1.83 per share:

"Our target price of NZ$1.50 (1x P/B) is unchanged, although forecast revisions boost our DCF valuation to NZ$1.83 (previously NZ$1.43). We think AIR remains in a strong position with minimal near-term capex requirements, net cash and moderate gearing of around 50% (operating leases at 7x). We view AIR as a trading stock for less cautious investors, given the super-cyclical nature of the sector. On our estimates, AIR is trading around 0.73x P/B relative to QAN on around 1x P/B."

Certainly looks cheap compared to its competitors. Let's hope the rally continues

BUT brokers are always pushing something they need the BIZ,, But AIR is a good all round bet for them as the NZX lack any depth so the hope is now on the BUYERS..

[The Great Gold Guru]

I did a day trip down to Christchurch yesterday from Auckland on Jetstar... plane down was the 6.40am departure , about 1/2 full I would say , flight back was 6.35pm which was maybe slightly busier. Return fare was $58 !! ... Hard yakka to make money in the airline market in NZ at present. Nice brand new plane , ontime both ways. Air NZ fare on similar time flights was $398 !!!