AIR - Air NZ.

[King1212]

Hem..tempted to buy in....where to get dividend of 11c net? Tourism still booming in nz....

[Beagle]

Going off the presentation material presented in graphical bar chart form capex for 2020 looks like just $270m and 2021 about $40m. This is against depreciation, (non cash item) currently running at $516m per annum. Total capex for those two years approx. $310m, depreciation approx $1032M. Surplus cash flow circa $722m or just over 60 cents per share.

Liquidity reduction and lack of much capex this half presents the possibility of a special dividend to recognize what will probably be their second highest ever profit result this year too. Gross yield approx 10% at the current price plus special(s) over the next few years. RR engine issue almost sorted out. Time for divvy hounds to get their snouts back into this one ? 11 cps interim divvy fully imputed, record date 9 March.

http://nzx-prod-s7fsd7f98s.s3-websit...564/274886.pdf Tony Carter looks a "little" more pleased with this result that FBU lol

[Raz]

Going off the presentation material presented in graphical bar chart form capex for 2020 looks like just $270m and 2021 about $40m. This is against depreciation, (non cash item) currently running at $516m per annum. Total capex for those two years approx. $310m, depreciation approx $1032M. Surplus cash flow circa $722m or just over 60 cents per share.

Liquidity reduction and lack of much capex this half presents the possibility of a special dividend to recognize what will probably be their second highest ever profit result this year too. Gross yield approx 10% at the current price plus special(s) over the next few years. RR engine issue almost sorted out. Time for divvy hounds to get their snouts back into this one ? 11 cps interim divvy fully imputed, record date 9 March.

http://nzx-prod-s7fsd7f98s.s3-websit...564/274886.pdf Tony Carter looks a "little" more pleased with this result that FBU lol

I would suggest no one else buy into this one... :-)

[iceman]

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.

Great indeed Beagle that they seem to be on top of the RR/Dreamliner issue. Gives me back confidence and time to start buying in again on the dips.

[Baa_Baa]

When the Beagle's tail wags like it has today, that's a sure sign he's bought back in. You'd have to read the ATM thread to find out though.
I was enjoying the trash talk for the past few months, hopefully it's not back to ramping. Lol.
AIR is dangerous, best left to the traders who buy confirmed changes in trend. Notice it didn't like poking it's head too far above the 200dma today?

Tomorrow's another day. An engine could blow up, or two engines (that'd be really bad) who knows.

[Raz]

When the Beagle's tail wags like it has today, that's a sure sign he's bought back in. You'd have to read the ATM thread to find out though.
I was enjoying the trash talk for the past few months, hopefully it's not back to ramping. Lol.
AIR is dangerous, best left to the traders who buy confirmed changes in trend. Notice it didn't like poking it's head too far above the 200dma today?

Tomorrow's another day. An engine could blow up, or two engines (that'd be really bad) who knows.

Just love it :-)

[winner69]

Qantas seem to be going well ...record profits

Odd that it seems fuel costs had less impact in $ terms than it did for AIR (even though it flys further)

At least aviation iindudtry doing well ...but QAN still the better investment?

http://www.smh.com.au/business/aviat...21-p4z17a.html

[Raz]

Qantas seem to be going well ...record profits

Odd that it seems fuel costs had less impact in $ terms than it did for AIR (even though it flys further)

At least aviation iindudtry doing well ...but QAN still the better investment?

http://www.smh.com.au/business/aviat...21-p4z17a.html

With their old gas guzzling planes one would not think so..just getting dream liners and their service sucks...still...

[Beagle]

When the Beagle's tail wags like it has today, that's a sure sign he's bought back in.

lol I thought that much was plane-ly obvious

[Baa_Baa]

The trusty weekly chart shows an indecision doji (candle). Hardly surprising coming up a smidge off a low in a medium (getting long) term down trend, showing respect for the 50ema (and dma) and closing down for the day. Still well below the 200dma. Brave bobbies buy down trends, today's punters buying in are sitting on a loss already. And it's happening right around the horrible $3.00 mark that seems a galvanising SP for AIR.