AIR - Air NZ.

**Beagle** · 13-05-2016, 10:32 AM

Originally Posted by couta1

Would love to but Kathmandu need as much help as they can get so I keep buying their gear, and that's the naked truth

Nice one mate. Looking forward to seeing your technique on the slopes in Queenstown in September. VAH be all sorted by then and we'll be enjoying the slopes together and a few bevvies afterwards courtesy of our jumbo sized special dividend from AIR.

**couta1** · 13-05-2016, 10:37 AM

Originally Posted by axe

next batter up is support @ 2.25.

Hard to determine any firm support level while Instos are still off loading, volume of over a million shares before 10.30 tells you the big boys are in the control of the share price for now.

**sb9** · 13-05-2016, 10:42 AM

Originally Posted by couta1

Hard to determine any firm support level while Instos are still off loading, volume of over a million shares before 10.30 tells you the big boys are in the control of the share price for now.

This also won't help the sp either...

"Air New Zealand is facing more direct competition on an international route when Chinese-owned Hong Kong Airlines (HKA) launches a new service in mid-November."

http://www.nbr.co.nz/article/hong-ko...ce-ng-p-188981

**axe** · 13-05-2016, 10:43 AM

Originally Posted by couta1

Hard to determine any firm support level while Instos are still off loading, volume of over a million shares before 10.30 tells you the big boys are in the control of the share price for now.

yep - already smashed through - big morning so far - $$$3.5mill through and its before lunch. is it NZ insto's selling - ozzies won't be at work this early

**babymonster** · 13-05-2016, 10:47 AM

Originally Posted by sb9

This also won't help the sp either...

"Air New Zealand is facing more direct competition on an international route when Chinese-owned Hong Kong Airlines (HKA) launches a new service in mid-November."

http://www.nbr.co.nz/article/hong-ko...ce-ng-p-188981

i knew the news a few weeks ago but didn't think it would make too much impact on the sp.. but now think back, it might trigger instos sell out, maybe adding to the generally picture of tougher competition.,...

**couta1** · 13-05-2016, 10:57 AM

Hey OG, bet you never thought you'd get such a wild ride when you climbed aboard this roller coaster, the descents have been spine tingling and the climbs pretty ho hum, could even surpass the Xrocoaster for wildness aye.

**OldGuy** · 13-05-2016, 11:15 AM

haha, yeah. What a ride!!

But, to be honest, I not really fussed. I know this will be back over $3 within 12 months. And, in the meantime, the divvy's more than cover my cost of capital.

(having said that, I obviously would have been even happier to buy in at these lower prices, but them's the breaks!)

**forest** · 13-05-2016, 04:23 PM

So can the discussion now move onto what a sustainable EBITDA margin is? Can we expect 20%+ EBITDA margins going forward. Alternatively, should we expect a contraction back to 9% that was experienced post GFC?[/QUOTE]

Noodles, according to the ASB site the last 9 years had EBITDA margin at 14% avarage. Including the last 9 years were some years that AIR had minimal competition on some routes. Therefor I would not go above the 14% myself but no doubt some will strongly disagree.