AIR - Air NZ.

[Beagle]

The reason Rodger is who agrees is buying and not going to comment to the audience:-) Ok I'm buying for starters:-)

With you Raz, I have been buying this morning and will continue to monitor for further opportunities

[thestg]

My loan I took for my AIR investment has to be paid back in 2020. This dividend alone will pay off the interest up till 2019. I have still got 7 more dividend payments to come (hopefully) between now & 2020. There will be a lot of sp ups & downs but I have plenty of time for the share price to recover. I am very happy with holding this investment.

[BlackPeter]

NTA is shown as $1.76 a share

What's a good multiple to use for NTA?

Last time I bought into AIR the multiple was around 0,8 , and I remember that I made some money (selling them some years and a number of dividend payments later); Who knows - we might reach or drop below the $1,50 I mentioned earlier after ex-dividend?

[Beagle]

Last time I bought into AIR the multiple was around 0,8 , and I remember that I made some money (selling them some years and a number of dividend payments later); Who knows - we might reach or drop below the $1,50 I mentioned earlier after ex-dividend?

Of far more relevance is what multiple of NTA a similar company like QAN is currently trading at. I will look into this when time allows.

[see weed]

My 2c worth again. Big buss. news in tomorrows paper. AIR paying big div. Mum and dad investors think wow I'm only getting 3% on my $10,000 = $300 after a year. Think I will buy $10,000 worth of AIR shares for $2.16c = 4630 shares and pick up the 35c div = $1,620.50c . And only have to wait a couple of weeks for div. Maybe a little surge in sp on Monday morning.

[BC_Doc]

Enjoying listening to CL deliver his presentation live

http://www.airnewzealand.co.nz/lates...nterim-reports

He seems to understand the complex competitive environment they are operating is and and well-placed to mitigate foreseeable risks etc

[winner69]

Of far more relevance is what multiple of NTA a similar company like QAN is currently trading at. I will look into this when time allows.

QAN is on a outrageous multiple

QAN NTA is A$1.20

On same multiple AIR is worth just shy of $6

Good eh

[King1212]

Dip my toes in....where you can get 12% plus return on dividend now??? With interest rate 3%...I think still worth of the risk....

[Raz]

QAN is on a outrageous multiple

QAN NTA is A$1.20

On same multiple AIR is worth just shy of $6

Good eh

It also been the exact opposite in the past, If SP ends up less than NTA then the market doesn’t believe that the accounts accurately reflect market value. In other words, future write-downs to NTA are being forecast. Secondly, the market is often implying that it has concerns over a business’ viability or profitability.

If you believe these have merit then consider if you should be holding.

[Beagle]

QAN is on a outrageous multiple

QAN NTA is A$1.20

On same multiple AIR is worth just shy of $6

Good eh

Thanks mate. you'll find a similar thing if you look at Delta or American Airlines, both trading at huge premium's to NTA and also both operating in a highly competitive environment.

What BP or anyone else paid years ago is ancient history and of no relevance whatsoever to the current situation. Its all about what the company can earn going forward and a PE of 5.8 is the white hot furnace of this new competitive environment is only half its 10 year PE average.