AIR - Air NZ.

[Master98]

http://m.smh.com.au/business/aviation/chinas-nanshan-group-to-buy-virgin-australia-stake-from-air-new-zealand-20160609-gpfw5q.html

Air New Zealand will receive around NZ25¢ per share in net proceeds and repayment of its $131 million share of the $425 million loan.
"After both events we believe Air New Zealand will most likely return net proceeds from the Virgin shareholding sale to its shareholders via special dividend," UBS said. "While exact timing is difficult to judge, we expect this to occur before the end of August."

[mikeybycrikey]

Uncle John and uncle Bill still might want a special divvy.

I still expect that there is likely to be a special dividend. Probably 10 cps rather than the 35 cents per share it might be if it included the VAH payout.

I would like some indictation from AIR of what they mean by "growth opportunities" though. $300m probably doesn't even get you 1 Dreamliner, does it? Maybe some Airbus 350 ULR's for flights to New York and Cape Town? Flights to India?

Could be interesting.

[Beagle]

AIR's speak about investing in its own growth opportunities at the time of the announcement of their review of their holding in VAH is just public relations speak for we'd rather have that capital earning a respectable rate of return in our own operations than languishing and earning nothing in this sick pup...nothing more nothing less.

[winner69]

AIR's speak about investing in its own growth opportunities at the time of the announcement of their review of their holding in VAH is just public relations speak for we'd rather have that capital earning a respectable rate of return in our own operations than languishing and earning nothing in this sick pup...nothing more nothing less.

That's spot on Roger

Now the Virgin distraction has been eliminated they can back to focussing on progressively unleashing an expanded array of potentialities

[workingdad]

I am going to hang in there with the AIR shares for now and see where resistance is. Actually thinking about getting the other half I had with it barely being over the pre virgin sale announcement price but want to see a couple of days trading first, at least volume is not indicating a big boys or girls sell off and with a public holiday in Australia tomorrow may give more insight.

Thanks for all the effort put into the posts of late by the usual contributors - it is appreciated

[777]

That's spot on Roger

Now the Virgin distraction has been eliminated they can back to focussing on progressively unleashing an expanded array of potentialities

The money is not in the bank yet.

[ohpark0119]

looking at the index, AIR isn't the only one on a landslide... Just to make myself feel better

[777]

Point 7 percent is a land slide?

NZSX 50 6924.27 -47.5 0.7%

[Xerof]

^^ anybody else's eyebrow's twitch at this statement?

http://m.smh.com.au/business/aviation/chinas-nanshan-group-to-buy-virgin-australia-stake-from-air-new-zealand-20160609-gpfw5q.html

Air New Zealand will receive around NZ25¢ per share in net proceeds and repayment of its $131 million share of the $425 million loan.
"After both events we believe Air New Zealand will most likely return net proceeds from the Virgin shareholding sale to its shareholders via special dividend," UBS said. "While exact timing is difficult to judge, we expect this to occur before the end of August."

[Baa_Baa]

^^ anybody else's eyebrow's twitch at this statement?

Yes for sure. Has anyone worked out how many cents per share was invested by AIR in VAH to achieve the "NZ25¢ per share in net proceeds" .. ergo what's the actual size of the loss that they and some brokers are spinning into a 'win' for shareholders by speculation of a special divvy. Anyone who has owned throughout the journey of VAH is losing net net, ergo all of the big players, who may have a somewhat dimmer view of the matter, though recent acquirers of course will just enjoy the (potential) returns and have no mind for the losses.