AIR - Air NZ.

**Beagle** · 26-02-2016, 10:18 AM

Have to reluctantly concede that Queenstown in the peak season is nothing like I remember it as a kid. Still beautiful but its really crowded.
Wanaka is nicer or better still travel out a bit further and enjoy Lake Hawea
http://www.lakehawea.co.nz/

**sb9** · 26-02-2016, 10:27 AM

Well, looks like the $3 party has to wait for longer than we're expecting.

**fungus pudding** · 26-02-2016, 10:30 AM

Originally Posted by skid

Its Queenstown Jim,....but not as we know it.

For those that loved the old simple Qtown....kiss it goodbye
The majestic beauty of the lake and the Remarkables is still there ,but the town is heading towards another aspen Colorado tourist center.
This will kill the very thing that makes it wonderful--all the locals have for the most part left and gone from the town proper to surrounding areas,away from the craziness.
Direct flights from China ,and the new automated runway,allowing night flights,is the final straw.IMO

How right you are. I used to go there for the occasional week or weekend. (from Dunedin- not far) Spent many Christmases there or over the lake on the Earnslaw to Mt. Nicholas station where relatives managed the farm. Nowadays it's just no fun anymore. Yes, the lake and mountains haven't changed but the town itself is dreadful, perhaps not to those who weren't familiar with the old Queenstown (and Arrowtown, and Cromwell) But for this kid - no thank-you.
Hawea - too windy.

**Teeps** · 26-02-2016, 10:48 AM

Well, the SP continues to baffle me - how on earth it can be regarded by the market as nothing but a safe bet for the next few years is beyond me. However, I am happy to keep topping up with any weakness and continue to grown my investment in one of NZ's most well run businesses. Happy to pick up decent dividends as well. Whilst i appreciate the volatility of a cyclical stock, it is still hugely frustrating that the market continues to under value the performance of Air NZ. Oil prices will likely remain low for some time - i am not convinced it will return to $70 per barrel in the medium term which most analysts are predicting.... happy to keep accumulating and will enjoy the rollercoaster ride!

**babymonster** · 26-02-2016, 10:57 AM

my order is in.. hope it will get filled

**Tony Two Gloves** · 26-02-2016, 10:58 AM

Agree with you Teeps, although it looks like a falling knife at the moment - keen to buy a few more but not sure of an appropriate entry point....

**Robomo** · 26-02-2016, 10:59 AM

Originally Posted by Teeps

Well, the SP continues to baffle me - how on earth it can be regarded by the market as nothing but a safe bet for the next few years is beyond me. However, I am happy to keep topping up with any weakness and continue to grown my investment in one of NZ's most well run businesses. Happy to pick up decent dividends as well. Whilst i appreciate the volatility of a cyclical stock, it is still hugely frustrating that the market continues to under value the performance of Air NZ. Oil prices will likely remain low for some time - i am not convinced it will return to $70 per barrel in the medium term which most analysts are predicting.... happy to keep accumulating and will enjoy the rollercoaster ride!

Just wonder how much we can rely on analyst's predictions about oil price 3 years from now. 2 years ago, did any of them pick that oil would go from ~120 US a barrel to less than $30 and stay around there for nearly two years now?

**stoploss** · 26-02-2016, 11:06 AM

Originally Posted by Robomo

Just wonder how much we can rely on analyst's predictions about oil price 3 years from now. 2 years ago, did any of them pick that oil would go from ~120 US a barrel to less than $30 and stay around there for nearly two years now?

the thing is if AIR .NZ likes the $ 30 a barrel available at the moment they are able to hedge this price 2 years in advance now , so there will be no risk to earnings if it shoots back up in a hurry .....
obviously if it goes lower they could be paying more than their peers.