I guess the share price will go down by more than our dividend today.
The SP has already dropped over double the value of the divvy since going Ex, as have others that have shed their divvy recently, elections aye, don't you love them, now just add a bit of fuel shortage to the mix.
AIR statement. "Material" for those of you who have never been "lucky" enough to be auditors is defined as greater that 5% of net profit.
What they saying here is the impact on profit is likely to be less than $20m after tax which on 1,123m shares means the impact is likely to be less than 1.78 cps, (before any business interruption insurance they may or may not have to cover this sort of thing).
arc - It has dropped down through the 100 day MA which gives the hound grounds to "paws" for thought. Given the circumstances of the looming election, ongoing geopolitical tension with North Korea and this latest issue I might just continue to embrace the inner possum staring into the bright landing lights with this one.
Last edited by Beagle; 18-09-2017 at 10:26 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
No material effect on 2018 earnings sounds like a veiled buy signal.
Just clarifying the extent of the problem. They probably felt it was best practice to keep the market informed, good on them.
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
Credit to Rob McDonald who has helped navigate the company through some difficult times as well as being instrumental in helping build the company's profitability through efficiency enhancement strategies in the good times. One of only a tiny percentage of airlines to make money throughout the GFC Rob was a former winner of CFO of the year award and has served the company and its shareholders extremely well in this bean counters opinion. A fine career and he deserves to be recognized for his long and loyal service at the forthcoming annual meeting in my opinion. New chap looks to have very sound credentials.
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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Originally Posted by QOH
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