AIR - Air NZ.

[Xerof]

My gut feel once this surges past the 2.70 mark this time, it'll track higher and stay higher for a while. Not quite sure it'll hit the magic $3 mark though yet until FY results are out. Unless there's some sort of trading upgrade from management.

You mean like qantas just did?

[sb9]

You mean like qantas just did?

Wasn't aware of that, just saw that news after seeing your post. Well there's a good chance that we may have one from AIR hopefully

[winner69]

Wasn't aware of that, just saw that news after seeing your post. Well there's a good chance that we may have one from AIR hopefully

Of course there will be one sb - $500m guidance was a nonsense

AIR management treats punters as if they are stupid. Such arrogance

[Beagle]

You mean like qantas just did?

Thanks for letting us know that. Interestingly I crunched the numbers on an after tax basis for QAN at the mid point of their forecast and AIR at $500m less full N.Z. tax and on today's closing prices they're on identical FY17 PE's of 8.33. I think there is a chance of an AIR upgrade and have thought for quite some time now their official guidance issued in February 17 was very conservative.

[freddagg]

Of course there will be one sb - $500m guidance was a nonsense

AIR management treats punters as if they are stupid. Such arrogance

I see that retail investors are only 4% of the share register so I can understand a degree of arrogance.

[Bobdn]

I see that retail investors are only 4% of the share register so I can understand a degree of arrogance.

I was amazed at that, didn't realize we were such a small proportion of investors.

[couta1]

Thanks for letting us know that. Interestingly I crunched the numbers on an after tax basis for QAN at the mid point of their forecast and AIR at $500m less full N.Z. tax and on today's closing prices they're on identical FY17 PE's of 8.33. I think there is a chance of an AIR upgrade and have thought for quite some time now their official guidance issued in February 17 was very conservative.

There won't be any further upgrade between now and the full year report. At the investor presentation the other day they narrowed their guidance range for the year to between 475-525 mill, remember former guidance range was between 400-600mil so they have just given the market an update hence the share price increase yesterday. They would have to be certain of topping 600 mill to issue any further guidance.

[Poet]

There won't be any further upgrade between now and the full year report. At the investor presentation the other day they narrowed their guidance range for the year to between 475-525 mill, remember former guidance range was between 400-600mil so they have just given the market an update hence the share price increase yesterday. They would have to be certain of topping 600 mill to issue any further guidance.

From interim announcement February 2017

"Based on the current market environment and expectations for the average jet fuel price in the second half of the year of US$65 per barrel, the airline is targeting 2017 earnings before taxation to be in the range of $475 to $525 million."

So the investor presentation doesn't represent an update, just restatemet of previous outlook. Maybe an update to come, maybe not...

[couta1]

From interim announcement February 2017

"Based on the current market environment and expectations for the average jet fuel price in the second half of the year of US$65 per barrel, the airline is targeting 2017 earnings before taxation to be in the range of $475 to $525 million."

So the investor presentation doesn't represent an update, just restatemet of previous outlook. Maybe an update to come, maybe not...

You would think they would have to be confident of hitting near 600 mill or over to issue an update, it would have to be well over that to warrant a $3 share price, look what the projected earnings were last time it went over $3.

[winner69]

You would think they would have to be confident of hitting near 600 mill or over to issue an update, it would have to be well over that to warrant a $3 share price, look what the projected earnings were last time it went over $3.

But look at the ridiculously low PE it was also on then

AIR has been so great since its being RERATED - much higher PE on slightly reduced profits equals $3 plus

And markets are happy as

No worries