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Thread: AIR - Air NZ.

  1. #10321
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    Default Great example of "corproate speak"

    “Going forward, the group will stay focused on strengthening our financial foundation by further optimising the balance sheet
    Clear inference that they have already got some way towards optimizing their balance sheet. Optimizing such a creative word when the ugly truth is their debt equity level was last seen at 4.5 :1 and that's before the statutory loss this half ! Yes, Chris Luxon did us all a big favor !
    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

  2. #10322
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    Quote Originally Posted by Roger View Post
    Clear inference that they have already got some way towards optimizing their balance sheet. Optimizing such a creative word when the ugly truth is their debt equity level was last seen at 4.5 :1 and that's before the statutory loss this half ! Yes, Chris Luxon did us all a big favor !
    Chris the master of corporate speak and buzzwords

    Bingo when he uses 'pivot' in half year announcement
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #10323
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    Jan stats look to be a bit on the slack side

    Not a good start to H2
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #10324
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    Quote Originally Posted by winner69 View Post
    Jan stats look to be a bit on the slack side

    Not a good start to H2
    Nothing unexpected as far as I can see, imagine if every company reported stats on a monthly basis, there would be nervous Nellie's by the truck load all over the NZX, selling like Sheeple.

  5. #10325
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    Its a very different operating environment in January 2017 compared to last year. This time last year AIR were operating in a vacuum of competition on certain routes. In the context of the new operating environment as foreshadowed by the airline itself and acknowledged in its forecast and the fact that many smaller and less efficient aircraft like the Beachcraft 1900 19 seater and the 767's have been let go, (or about to be in March 2017, 767), and in the context of lower fuel prices I think yields and load factors are satisfactory and within the scope of the companies own forecast. I continue to hold and believe this is an excellent yield stock, (sorry folks I don't see it bounding up to $3.00 anytime soon) and am looking forward to the half year result on Thursday.

    Fuel heading is also out today and its pleasing to see they are enjoying good hedging with a Brent collar of just on $50 U.S. maximum this quarter. Hedging further out also looks quite satisfactory to me.
    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. #10326
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    At this mornings low of $2.09, the market has priced in the very bottom end of guidance(400million) IMO, anything substantially above that will see a SP increase after Thurs, once again IMO.

  7. #10327
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    When would we expect the next divvy? Sorry, been pretty inactive round these parts!

  8. #10328
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    Quote Originally Posted by vin View Post
    When would we expect the next divvy? Sorry, been pretty inactive round these parts!
    Probably mid to late March

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    Quote Originally Posted by vin View Post
    When would we expect the next divvy? Sorry, been pretty inactive round these parts!
    Historically AIR have paid their divvies very quickly after announcing their financial results, actually incredibly quickly, at least as quick or quicker than any other company I know of.
    Must be something to do with the government, they're usually quite keen on getting cash in the door quickly for some strange reason
    Other point your post raises is that effectively people buying now (at $2.09 last time I looked) are effectively buying cum dividend so really only paying $2.00 on a medium term view as they get around 10 cents back within five minutes so to speak.
    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

  10. #10330
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    Quote Originally Posted by vin View Post
    When would we expect the next divvy? Sorry, been pretty inactive round these parts!
    The past three years, it has been paid the 3rd Friday in March, so maybe 17 March this year.

    Previous dates are here: https://www.nzx.com/markets/NZSX/sec.../AIR/dividends

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