break down of the 2.50 area looks like just under $2 again at some time
Bull's been calling it right just lately. Then its hammer time !
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
Wow a new 12 month low at $2.25 and still on a downward trend.Wonder where it will stop this time?
I am picking the bottom around $1.50. They have over capacity hence the recent fare dump to get bums on seats. I believe another profit down grade is imminent.
I am picking the bottom around $1.50. They have over capacity hence the recent fare dump to get bums on seats. I believe another profit down grade is imminent.
Hey RTFQ - is it Romeo Tango Foxtrot Quebec or a case of you not reading the f#*#ing question
That $1.50 sounds a bit low ...maybe $1.80
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I am picking the bottom around $1.50. They have over capacity hence the recent fare dump to get bums on seats. I believe another profit down grade is imminent.
Load factors are running about 1% ahead of last year. They saw some softness with local spend in their forward booking system and are looking to stimulate domestic leisure travel. Oil has been higher than their forecast but I think the market is already fully cognisant of that and its already in the price.
Your target price looks miles out of whack to me and I note average analyst target price is $2.58. https://www.marketscreener.com/AIR-N...407/consensus/
Last edited by Beagle; 24-03-2019 at 09:32 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
Load factors are running about 1% ahead of last year. They saw some softness with local spend in their forward booking system and are looking to stimulate domestic leisure travel. Oil has been higher than their forecast but I think the market is already fully cognisant of that and its already in the price.
Your target price looks miles out of whack to me and I note average analyst target price is $2.58. https://www.marketscreener.com/AIR-N...407/consensus/
Fair value by my estimates is 2.10, could it shoot to the down side, well yes, say 20-30 cents max, need some really bad news to to get anywhere near $1.50
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Originally Posted by thestg
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