AIR - Air NZ.

[Vitamin]

AIR closes at 1.18 per share, up 8 cents this week alone!

No doubt fuelled by the latest broker report.

We now have two brokers valuing the shares at $1.35 and $1.50 per share respectively.

So, hopefully more to come.

What do the techies think of the rally and depth?

[BRICKS]

AIR closes at 1.18 per share, up 8 cents this week alone!

No doubt fuelled by the latest broker report.

We now have two brokers valuing the shares at $1.35 and $1.50 per share respectively.

So, hopefully more to come.

What do the techies think of the rally and depth?

Dear Vitamin you seem to place a lot of faith in unstated brokers reports could you name them and then we mite know the size of there client base in which mite have some influence on the market but as AIR is a BUY at the moment why worry about BROKERS..

[Zaphod]

I did a day trip down to Christchurch yesterday from Auckland on Jetstar... plane down was the 6.40am departure , about 1/2 full I would say , flight back was 6.35pm which was maybe slightly busier. Return fare was $58 !! ... Hard yakka to make money in the airline market in NZ at present. Nice brand new plane , ontime both ways. Air NZ fare on similar time flights was $398 !!!

Paid $39 for the same flight recently on AirNZ, so perhaps not an entirely fair comparison. Still, they'll both be losing money on those fares.

[modandm]

broker reports are

aspect huntly 1.35 - forsyth barr 1.50 and goldman sachs 1.80.

Factors:

air nz should benifit from continued weakness in USD as a net usd buyer. Will be approaching policy maximums in oil hedge @ 70bbl.

superior management and fleet on the international front - more 777s on the way
continue to be a bloodbath transtasman - rotorua will be good - asians fly into auckland out of rotorua on their nz aussie travels
air nz continue to be strong domestically especially on non - trunk lines
flew to napier yesterday from auckland $170 return similair. no choice no likely competition to enter
new aia management also more air friendly

perhaps the government will ask for a div out of air nz soon - especially as the 787s continue to be delayed.

overall lots of good reasons for air sp increase. Instos are buying.
retail wise i think most investors are pretty adverse to owning airlines based on classical thinking of airlines as dogs.

interesting to see how this plays out. For me it will be from the sidelines

[777]

Quote: "perhaps the government will ask for a div out of air nz soon - especially as the 787s continue to be delayed"

The government gets a dividend out of AIR every six months, along with all the other shareholders.

[modandm]

thanks for that

im talking a special div. Not to many co's out there sitting on nearly 2bn with no takeover targets

[Vitamin]

Macquarie have issued a research note this morning valuing AIR at $1.51 and 'Outperform'.

There's a strong chorus now of positive research on this company.

Nice.

[POSSUM THE CAT]

Vitamin A question are Macquarie holding a lot of Air they wish to sell?

[Phaedrus]

About time! The "ignorant" market changed its sentiment towards AIR at around 85 cents. Now it is $1.20+ the Bullish reports arrive! Don't those guys use TA at all?

[winner69]

Phaedrus - you just don't get it mate .... somewhere else somebody said that the techos follow the fundies .... the fundies find value and then the techo jump on board

Are you saying that's not the case -- naughty naughty