AIR - Air NZ.

[skid]

There is the issue of the cargo settlement Roger.
Obviously it was price sensitive and the executive must have known about it.

Agreed, I will definitely raise that issue. I checked and its good that their general counsel involved in the settlement negotiations wasn't one of the sellers. If he had of been we'd have a real mess here.

Thanks for your encouragement folks. Feels good to at least try and make a difference.[/QUOTE]
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And when do we start getting some travel discounts as share holders

Also one thing of note that jumped out of the letter(well done Roger) is just how closely have any of us been following the USA airlines?
It appears with institutions over there involved in AIR, it is worth keeping abreast of.

There have been countless companies who consider themselves to high and mightly to communicate with its Share Holders(owners) so this is a feather in their cap in that regard

[Yoda]

Dear Leila,

Thank you for your e.mail and information and for the opportunity to speak with Mr Carter on Thursday 19th 1.15 p.m. (Note she subsequently suggested 1.15p.m. as a better time for Mr Carter)
That time suits fine and I look forward to discussing this matter further with him at that stage. My office number is noted below.

I know the directors and senior managers are extremly busy people so its perhaps helpful in terms of time saving to mention I'm fully cognisant of the Qantas report and outlook statement, its impact on QAN's share price and the fact that globally many airlines share prices have come under pressure in recent times for a range of reasons including the threat of increased competition.

I accept the explanation of the Virgin position at face value so its perhaps best if we concentrate on the issue of whether the investor day presentation contained any material information of which the market wasn't already aware. Leaving out the part cents, based on my observations on the 4 traders website, see link below, consensus market forecast before and after the investor day presentation were for earnings per share as follows:-
Forecast year Before After (This formatted better in my e.mail)
FY 16 56 56
FY17 55 52
FY18 42 38

You can see these consensus forecast changes by clicking on the Consensus and Revisions tabs towards the top of the page in the link below to the 4 traders website.

While it is accepted that consensus market expectation was for a very slight decline in FY17 earnings before the investor day release this was only by 1 cent per share from 56 cps in FY16 to 55 cps in FY17 but after the investor day release these expectations were lowered by a further 3 cps to 52 cps for FY17. I also note FY18 consensus view was lowered by 4 cps and consensus valuation was lowered from $3.26 to $2.82.

The fact that several analysts changed their recommendation rating on AIR stock after the investor day briefing and the fact that the company itself marked the release of same as price sensitive in my opinion is prima facie evidence that the information contained therein was not already totally in the public domain.

It might appear that I am splitting hairs here however whilst it is conceded that these downgraded earnings post investor briefing are not huge in absolute terms in the context of known additional competition forthcoming, in my opinion they are nonetheless real and certainly do leave open the perception that management took advantage of the situation and as you know I am certainly not alone in my view on that.

The main thrust of my effort as expressed before is aimed at the question of is there a better way to handle this sort of thing in the future so that restricted persons are both seen to be acting with 100% integrity and perceived to be ?

I am sure it goes without saying that many shareholders are very disappointed in the present share price of AIR and were shocked earlier this year when Virgin required shareholder support at a time when oil prices are so low. For what it's worth from what I hear most shareholders are looking forward to AIR extricating themselves from their stake in Virgin.

http://www.4-traders.com/AIR-NEW-ZEA...407/revisions/

Anything else interested parties in this matter want me to bring up with Mr Carter ?

good one Roger , well done, and to everyone else that takes the time to post good stuff here.

Ask them why they have removed ( or not put in...) the foot rests in the new Economy class seats ..... I was very disappointed and after traveling back fro uk the back of my legs were throbbing. With your feet flat on the floor now the risk of DVTs is much higher IMHO in the medical profession. Cut costs, yes but this puts lives at risk. FYI 1:3000 people get DVTs from Long flights . I'll have to take a box next time ..... to put my feet on, hopefully not a coffin box... Recently lost a friend to DVTs after a flight.... Mmmmm

[Yoda]

Do i see a slight turn in the MACD , flattening off?

[Beagle]

good one Roger , well done, and to everyone else that takes the time to post good stuff here.

Ask them why they have removed ( or not put in...) the foot rests in the new Economy class seats ..... I was very disappointed and after traveling back fro uk the back of my legs were throbbing. With your feet flat on the floor now the risk of DVTs is much higher IMHO in the medical profession. Cut costs, yes but this puts lives at risk. FYI 1:3000 people get DVTs from Long flights . I'll have to take a box next time ..... to put my feet on, hopefully not a coffin box... Recently lost a friend to DVTs after a flight.... Mmmmm

DVT a genuine concern for sure but more an operational issue and the footrest issue would make for a good follow-up question for the forthcoming annual meeting I reckon. For reasons I am sure you can appreciate I want to keep the discussion focussed on the main issue with Mr Carter on Thursday.

[workingdad]

Good stuff Roger. As per others question remains on the cargo settlement and with so much $ on the line I would expect they were aware of this a week out.

DVTs are often associated with medical predispositions and flying cops the blame. Simply activating the lower leg muscles to contract is a simple answer to avoid stagnant venous blood flow

Good to see less turnover today and more settled green arrows. Bought back in and hope I timed it better this time.

[Beagle]

Good stuff Roger. As per others question remains on the cargo settlement and with so much $ on the line I would expect they were aware of this a week out.

DVTs are often associated with medical predispositions and flying cops the blame. Simply activating the lower leg muscles to contract is a simple answer to avoid stagnant venous blood flow

Good to see less turnover today and more settled green arrows. Bought back in and hope I timed it better this time.

Absolutely I will express the view that there's a fairly widely held view that senior management would have known that the company was in the process of trying to settle the freight dispute. Whether they would have known the quantum of the possible settlement is another matter and can only be pure speculation on my part.

Realistically without going to the FMA, (which frankly is something I am very reluctant to do after being ignored by them with the SUM complaint), I didn't even get the courtesy of a reply to my formal complaint, I think its highly unlikely he will concede they did anything wrong but perhaps I can ask them as a board to review this whole matter carefully and consider amending their restricted persons trading policy in similar circumstances going forward from here.

One other thing I will also be at pains to point out is that senior management collectively through their incentive scheme including options still to be exercised control or will control approximately 8% of the free market float of AIR shares (About 45m shares outstanding under the incentive scheme as at 30 June 2015) so management actions absolutely do have a significant bearing on the SP especially when being dumped by several mangers contemporaneously.

[Yoda]

Good stuff Roger. As per others question remains on the cargo settlement and with so much $ on the line I would expect they were aware of this a week out.

DVTs are often associated with medical predispositions and flying cops the blame. Simply activating the lower leg muscles to contract is a simple answer to avoid stagnant venous blood flow

Good to see less turnover today and more settled green arrows. Bought back in and hope I timed it better this time.

Sure ,aspirin compression socks, flexing the hammies etc. all good. Fluids , don't sleep.......Flying doesn't cop the blame, its the match that lights the fire due to venous stasis . A foot rest helps. However there has not been a double blinded randomised trial on airlines DVTs and foot rests and i haven't got time to do one.

So back to the main point, anybody buying back in yet?

[workingdad]

Sure ,aspirin compression socks, flexing the hammies etc. all good. Fluids , don't sleep.......Flying doesn't cop the blame, its the match that lights the fire due to venous stasis . A foot rest helps. However there has not been a double blinded randomised trial on airlines DVTs and foot rests and i haven't got time to do one.

So back to the main point, anybody buying back in yet?

And for every peer reviewed journal article advocating one thing there is another advocating the exact opposite but with medical terms like stasis my guess is you know this also.

How many people per capita basis with DVTs that don't fly?

Bought back at half the holdings I had and a bit sooner than I expected....

[Beagle]

Sure ,aspirin compression socks, flexing the hammies etc. all good. Fluids , don't sleep.......Flying doesn't cop the blame, its the match that lights the fire due to venous stasis . A foot rest helps. However there has not been a double blinded randomised trial on airlines DVTs and foot rests and i haven't got time to do one.

So back to the main point, anybody buying back in yet?

Not buying yet but my gut-o-meter tells me we are close to the bottom of this violent downdraft...better be over soon as I have run out of sick bags near my seat and I'm pretty sure there's none left in the other aisles either Anything is possible in the short term though but on the other hand my gut says they'll probably resolve the Virgin matter sometime in the next few months which all other things being equal should lead to calmer flying conditions at a higher altitude. My guess is the TA people would advise us to wait until there's a definite new support confirmed and new uptrend established but while waiting they could easily announce a positive VAH resolution any day...bit like being at the casino really isn't it. Disc: Presently hold only a very modest stake.

[Raz]

http://www.stuff.co.nz/business/opin...-nz-summer-inn

Although an opinion piece, when reading it, does it convince you we will be able to keep tourism growth at 10% pa?