AIR - Air NZ.

[h2so4]

....could be announced anytime. Yes?

[Beagle]

....could be announced anytime. Yes?

AFAIK it only needs a directors resolution and the ability to do so is already embodied within the companies constitution. They certainly kept plenty of money up their sleeve in terms of earnings this last half.

[h2so4]

Morningstar my least trusted research house but FWIW that translates to EPS on 1122m shares of 2016 56.3 cps, 2017 63.7cps and 2018 56 cps. Average earnings for next 3 years 58.7 cps. On a $2.73 Sp that's a PE of 4.65 which is surely the lowest ever for AIR ?

Average dividend yield of 29 cps per year for the next three years and all with be fully imputed, (yes Morningstar we call it imputed here in N.Z. not franked), because they have heaps of imputation credits available so 29 / 0.72 = 40.28 cps gross / $2.73 gives a gross dividend yield on average for the next three years of 14.8%.

Not sure how they came up with a valuation of $2.80 on those PE and yield numbers...

And the really good thing about Air divs is that you will have both divs in your bank a/c in just under 7 months.
Assuming you have just bought today.

[h2so4]

....annualise that.

[Beagle]

And the really good thing about Air divs is that you will have both divs in your bank a/c in just under 7 months.
Assuming you have just bought today.

Yes that point is not lost on me but I prefer to handle it a different way focusing on the medium term. My policy with shares that are paying a known dividend within the next month is to base my analysis on the theoretical ex div SP, (i.e. deduct the dividend that's coming in 5 minutes time so too speak) On that basis (i.e. $2.63) the three year average forward PE based on Morningstar's analysis becomes an incredible 4.48 and the gross dividend yield 15.32% ! Not too shabby is it when QAN isn't paying a dividend at all and most U.S. carriers typically pay 1-2 % annual dividends !

FWIW I think Morningstar are probably a bit light on this years EPS and a bit heavy on the following year. I don't want to make any call on Fy18 at this early stage

[Onion]

People will be very cross at the Annual meeting is there's no special this year.

Special provisions will be made for Roger...

Attachment 7913

[Beagle]

LOL your leisure time activities are starting to worry me Onion...

[Beagle]

Yes that point is not lost on me but I prefer to handle it a different way focusing on the medium term. My policy with shares that are paying a known dividend within the next month is to base my analysis on the theoretical ex div SP, (i.e. deduct the dividend that's coming in 5 minutes time so too speak) On that basis (i.e. $2.63) the three year average forward PE based on Morningstar's analysis becomes an incredible 4.48 and the gross dividend yield 15.32% ! Not too shabby is it when QAN isn't paying a dividend at all and most U.S. carriers typically pay 1-2 % annual dividends !

FWIW I think Morningstar are probably a bit light on this years EPS and a bit heavy on the following year. I don't want to make any call on Fy18 at this early stage

Looks like the even some of the pessimists can see these are crazy numbers. I'd have bought myself earlier except I'm anxious to avoid this problem
https://www.youtube.com/watch?v=rXH_12QWWg8

[winner69]

Eyes peeled Mr Jinx, I would be topping up but im substantially overweight as it is..

The divvy will make me feel better :P

vin - told you there would be action after lunch

Overweight eh - but don't go on a diet. Better to hold on and get more overweight as the share price outperforms

[skid]

vin - told you there would be action after lunch

Overweight eh - but don't go on a diet. Better to hold on and get more overweight as the share [rice outperforms

Thats ok to say winner (as long as you dont even whisper those naughty words that have a number and a dollar sign)