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Thread: AIR - Air NZ.

  1. #12931
    Speedy Az winner69's Avatar
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    Quote Originally Posted by workingdad View Post
    h

    Pays to take the journos out for a few lunches eh
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #12932
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    h

    Pays to take the journos out for a few lunches eh
    Yes i think you have a point there. No question that some media were invited on the very recent 1.5 hour A350 demonstration / sales pitch flight out of Auckland. Probably had a nice lunch after that hosted by some pretty Air Hostesses and senior management. Influencing the press to write good articles ?...you be the judge.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  3. #12933
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    sounds like great management to me haha

  4. #12934
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    My take on this result would be..if AIR repeats or exceeds last year's stellar results, then i see no reason for it to be back in its 340's range...(subject to jet fuel surge)...

    Mr.Trump keep fracking mate!

  5. #12935
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    Quote Originally Posted by workingdad View Post
    sounds like great management to me haha
    As cunning as a hungry Beagle Pleased and pleasantly surprised with the solid outlook. Increased interim dividend gives confidence their base dividend level is now 22 cps per annum which is 30.5 cps inclusive of full imputation credits which gives a gross yield of exactly 10% at the current SP of $3.05.
    Currently trading cum an 11 cent fully imputed dividend record date, 9 March. Time for the dividend hounds to reconsider their position given the yield and solid outlook ?
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #12936
    Speedy Az winner69's Avatar
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    Quote Originally Posted by babymonster View Post
    read page 21
    Page 4 is interesting

    Earnings before tax Dec15 $457m and Dec16 $349m and Dec17 down to $323m

    Seems a downward trend and full year looks pretty flat

    And we want to share price to go higher .....remember AIR is very cyclical
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #12937
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    Quote Originally Posted by winner69 View Post
    Still a gross misrepresentation - so early in the presentation

    And isn’t that 27% in the circle pretty big - all you see really

    Beagle says creative ....I say misleading and disappointing


    Even worse than Sky City excluding any above average winnings by the high rollers
    Just a little influence from John Key speak oozing through

  8. #12938
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    Quote Originally Posted by Joshuatree View Post
    Just a little influence from John Key speak oozing through

    Possibly ...with a bit of help from Joyce maybe
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #12939
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    wow...11c dividend in 2 weeks...

  10. #12940
    ShareTrader Legend Beagle's Avatar
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    From the call the information you really want to know...

    RR engine issue. Chris Luxon said - Brilliant progress is being made on working our way through that. We have a very good relationship with RR.
    Expect to have this concluded by mid April 2018.This is VERY good news !

    Dreamliner to be put on the 11 hour flight to Taipai - 4-5 times a week.

    14th leased Dreamliner will fully cover expected fleet requirements until 2022. 2021 expected to be a gap year in capex unless short haul capacity growth is required faster than expected due to demand growth exceeding expectations.

    I note:- 2020 also a low year for capex.

    My thinking - All going well expect good special dividends in 2020 and 2021 and they move to lower their need for working capital and work their balance sheet more efficiently. (previous liquidity guideline $1 - $1.5b, new one $700m - $1.0b)

    Looks like a pretty good dividend hounds stock for the foreseeable future.
    Last edited by Beagle; 22-02-2018 at 11:00 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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