-
20-11-2013, 12:30 PM
#1031
This one was manipulated for govt to get the maximum. SP might recover next yr, in the mean time riding lower.
For the newbies, IMO stay clearer until SP settles.
Last edited by gv1; 20-11-2013 at 12:31 PM.
-
20-11-2013, 12:31 PM
#1032
Originally Posted by Harvey Specter
And its index weighting will double which is why, in part, the insto's bid it up. They will probably have to top up a bit more too.
Overseas instos will buy in when the dust has settled, and when the indexing kicks in.
Meanwhile, a lesson for those who bid aggressively thinking it is easy money!
-
20-11-2013, 12:38 PM
#1033
"Demand is likely to be boosted toward January, when index weightings on the NZX are next reviewed. Air New Zealand's weighting will increase to between 1.4 percent and 1.5 percent from 0.8 percent currently, he said."
A month of anxious waiting ahead?
-
20-11-2013, 12:38 PM
#1034
Mugs, mugs.
Buffetology (the authoritative book on Warren Buffett) gives a table of industry sectors NOT to invest in. Airlines features prominently. No barriers to entry, heaps of competition, at the mercy of petroleum rises, sudden unexpected passenger fall-offs, government intervention. And look at Air NZs history. I used to own some before I read Buffetology and I'm very pleased I got rid of them then.
Besides, would you buy ANYTHING from an NZ Govt? They've all been poisoned chalices so far, Telecom, Chorus, Mighty River, Meridian...
And in the unlikely event that Air NZ was quite successful then ComCom would step in and hit it for six!
Those institutions and private investors who have bought Air NZ are NUTS! Quite NUTS!
-
20-11-2013, 01:15 PM
#1035
Member
Originally Posted by Major von Tempsky
Mugs, mugs.
Buffetology (the authoritative book on Warren Buffett) gives a table of industry sectors NOT to invest in. Airlines features prominently. No barriers to entry, heaps of competition, at the mercy of petroleum rises, sudden unexpected passenger fall-offs, government intervention. And look at Air NZs history. I used to own some before I read Buffetology and I'm very pleased I got rid of them then.
Besides, would you buy ANYTHING from an NZ Govt? They've all been poisoned chalices so far, Telecom, Chorus, Mighty River, Meridian...
And in the unlikely event that Air NZ was quite successful then ComCom would step in and hit it for six!
Those institutions and private investors who have bought Air NZ are NUTS! Quite NUTS!
I must be a bag of cashews ... just averaged down at 156.5 ....
-
20-11-2013, 02:03 PM
#1036
Good one FH - well in...
-
20-11-2013, 02:11 PM
#1037
Originally Posted by FarmerHamilton
I must be a bag of cashews ... just averaged down at 156.5 ....
More like the prince of nuts, macadamia!
-
20-11-2013, 02:40 PM
#1038
Air NZ sale a 'bloody debacle'
A fall in Air New Zealand's share price has provoked anger and dismay among some market players as another government sale left investors nursing short-term losses
However, not everyone shared the concern. Matt Goodson, of Salt Funds Management, who acquired some stock in the offer, said he did not see a problem.
"If you bid $1.65 for some shares, and you got them, what's your problem?"
It has always struck me with these Govt sales that you are dealing (trading) with someone (Key) who was very successful at this game. High chance of being shafted - exactly as would appear to have occurred with this sale. Well done selling 200 million at the high for the day (so far) on behalf of NZ taxpayers John.
Air Capture.JPG
-
20-11-2013, 02:51 PM
#1039
Originally Posted by peat
The Smiling Assassin strikes again. In 5 years time, Skycity will be complaining about the raw deal they got given and Labour will bail them out to save jobs.
-
20-11-2013, 02:53 PM
#1040
Originally Posted by peat
Given every pool got scaled heavily (apparently), where are all the buyers? Or where they just expecting a gift from the government.
Long term holders will be ok (apart for the fact it is an airline). SHort term, not so much.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks