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Thread: AIR - Air NZ.

  1. #21
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    Don't touch it until it gets carved to pieces by a rights issue, which it will . It should present a great oppurtunity during rights trading. It went through a similar phase in the early 90's and it was a very profitable exercise.

  2. #22
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    I have said it before and I will say it again [in differt words].

    Playing with Air New Zealand stocks is for the brave and the foolhardy only. The risks are high and the rewards low.
    om mani peme hum

  3. #23
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    So Singapore selling out.... and a book build that will see institutions sell out over time, no doubt.

    Can't really see this as good for the company especially as Singapore/Qantas now going to be stronger.... still, we have gotten close to the ragheads at Emirates [:0]

  4. #24
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    Air New Zealand has requested a trading halt in its share trading after Singapore Airlines said it was selling its 6.5 per cent stake in the Government-controlled airline by way of a bookbuild tender.

    The trading halt will remain in place until 10am Wednesday or earlier if the bookbuild is completed sooner. So-called bookbuilds allow financial institutions to bid for quantities of stock at different prices before a final price is set based on the bids.

    Air NZ shares closed on Monday at $1.68, having trading between $1.64 and $2.70 in the last year, adjusting for the share consolidation.

    Singapore (SIA) has had an extremely bumpy ride on Air NZ's share register and at the time of Air NZ's virtual collapse in September 2001, it owned a quarter of the company. It was mainly interested in Air NZ's stake in then Australian number two airline Ansett Australia, but that airline's collapse in 2001 precipitated big problems at the parent airline. SIA lost hundreds of millions of dollars on its investment as its stake in Air NZ was reduced to 5.5 per cent from 25 per cent by the Government's $885 million bailout in 2001.

    SIA may still be keen on exposure to Australia and the decision of British Airways to sell its 18.25 per cent stake in Qantas may be the opening the giant Singapore airline may be wanting. Air NZ is seen as less attractive to SIA, with regulators and courts rejecting an alliance between Qantas and Air NZ, whereby Qantas would have owned 22.5 per cent of Air NZ

  5. #25
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    THE KING says this is not a GOOD sign for AIR not many large shareholders left to hold up the price , But what was noted that inside trading in NZ is live and well see how the s/price fell so fast to $1.64 for NO reason untill now thats how it WORKS.. [^]

  6. #26
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    quote:Originally posted by THE KING

    THE KING says this is not a GOOD sign for AIR not many large shareholders left to hold up the price , But what was noted that inside trading in NZ is live and well see how the s/price fell so fast to $1.64 for NO reason untill now thats how it WORKS.. [^]
    You gotta wonder sometimes dont ya.

  7. #27
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    Who thinks that the shareprice will be back below $1 by christmas???
    Death will be reality, Life is just an illusion.

  8. #28
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    Here's another cloud on the horizon. AIR are one of only 2 confirmed buyers for the new Boeing 7E7. Airbus has now announced it will produce a rival 250-seat twin-aisle widebody based on its existing A330. Boeing is doing its best to shoot it down. The question is, will AIR be left with a dud on its hands?
    Marriage isn't a word. It's a sentence

  9. #29
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    Hey Placebo,
    do you have a link for a story about the new Airbus plane? Not that I'm a plane spotter or anything. Just interested.
    Thanks,
    Morpheus

  10. #30
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    Hi Morpheus
    Here is the link for your info. http://www.nzherald.co.nz/storydispl...toryid=3597294
    Your candle loses nothing when it lights another." (John Maxwell)
    Risk comes from not knowing what you are doing - The Tao of Warren Buffett

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