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Thread: AIR NZ

  1. #14551
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    You are a smarter and wiser individual than I - back then I was pretty much just starting out in the market and didn't give AirNZ a second look. Hindsight being a wonderful thing I now see the error of my way....

  2. #14552
    Gnawing on Bones Beagle's Avatar
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    Quote Originally Posted by oldtech View Post
    October 2016, I was buying at $1.795, so not exactly unprecedented.
    Yeap I got some on board at just under $2...anything around that level or even slightly above is tremendous value.
    I have a good sized allocation already but the prospect of a bargain basement price again would be too tempting to resist.
    The problem with waiting until under $2 is it might not get there and one misses the great opportunity that already exists. The way I see it, (barring some major exogenous shock) the trading range is $2.00 - $3.60 so we're already in the lowest quartile of that range and the shares are already very good value in my opinion.
    $2.00 - $2.40 to me is the real BUY zone, if it temporarily goes under $2, its HAMMER TIME !!!
    Last edited by Beagle; Yesterday at 08:15 PM.
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  3. #14553
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    Quote Originally Posted by CD_CHCH View Post
    You are a smarter and wiser individual than I - back then I was pretty much just starting out in the market and didn't give AirNZ a second look. Hindsight being a wonderful thing I now see the error of my way....
    I wouldn't necessarily say that, I was chasing it down from $3.035 in April! Topped up at various points on the downhill slalom course.

    Averaging down worked well for me that time - I sold half at $2.34 and the rest at $3.17 - but your mileage may vary.

  4. #14554
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    The chart says a bottom might be in, but with the DOW shedding 460 points on their Friday, one might expect a rethink on Monday our time. I can't see anything fundamental that says the rout is over for AIR, so best maybe to keep an eye on sentiment and play it as it unfolds. Patience. Easy to say, hard to do.
    BAA

  5. #14555
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    Last edited by Beagle; Today at 07:43 AM.
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  6. #14556
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    As Air New Zealand’s profits slump to a five year low it would not surprise me to see the share price slumping to a five year low

    Seems a rationale thought
    Last edited by winner69; Today at 11:00 AM.
    “Imagination is more important than knowledge.”

  7. #14557
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    http://nzx-prod-s7fsd7f98s.s3-websit...423/297314.pdf

    Operating stat's look solid. Also nice to see them organising a charity music event for the hard working firefighting teams at Nelson recently with Broods coming back down-under. A very nice touch.
    Last edited by Beagle; Today at 10:41 AM.
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  8. #14558
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    Quote Originally Posted by winner69 View Post
    Seems a rationale thought
    No place for such thought in the wonderful world of stock market investment it seems.
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

  9. #14559
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    Quote Originally Posted by Timesurfer View Post
    No place for such thought in the wonderful world of stock market investment it seems.
    Market is always a forward looking beast and is thinking about FY20 when their RR engine issues will be mostly behind them.
    No butts, hold no mutts, (unless they're the furry variety).

  10. #14560
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    Quote Originally Posted by Beagle View Post
    Happy to buy all day at that price. A lot of bearish / negative sentiment on here lately. I think the average analyst call of $2.58 is about right.
    I would be to, too much QE around for it to go that low without bad news.

  11. #14561
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    Quote Originally Posted by Beagle View Post
    Market is always a forward looking beast and is thinking about FY20 when their RR engine issues will be mostly behind them.
    These days the market always being a forward looking beast seems to be a bit of a myth
    “Imagination is more important than knowledge.”

  12. #14562
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    Quote Originally Posted by winner69 View Post
    These days the market always being a forward looking beast seems to be a bit of a myth
    I think its the half truth's, being extremely economical with the facts and deliberate concealment by some companies that's the real issue.
    Proven performers on attractive metrics who's management and directors one can trust and respect because they've earned it over the long haul are not exactly in prolific abundance on the NZX...

    Anyway so much for AIR's hole in forward bookings. Tried buying some tickets to get down and attend SUM's annual meeting in Wellington on 30 April and was blown out of the water with the SUM of money required. Might have to take it as read that SUM directors and management are doing a very good job.
    Last edited by Beagle; Today at 12:18 PM.
    No butts, hold no mutts, (unless they're the furry variety).

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