I picked up a few more on Monday but the bit by bit thing is painful for this jaundiced old dog to watch so I will stick to my maximum self imposed 10% portfolio allocation where its currently at. Hate watching the XAL index bound back up 4.5% and then watching QAN make good gains and then have to watch AIR struggling to claw its way up in altitude half cent by half cent. Its painful to watch so I am still feeling like a grumpy grizzly bear with a thorn in its paw.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
― Benjamin Graham
Yes a very apt quote at a time like this. I do believe AIR is fundamentally incredibly cheap. In time once everyone has recovered from licking their wounds we should see more normal market behaviour.
Yes a very apt quote at a time like this. I do believe AIR is fundamentally incredibly cheap. In time once everyone has recovered from licking their wounds we should see more normal market behaviour.
The Australian institutions switch between Qantas and Air NZ in their aviation/airline portfolio so matter of time imo.
Results out next month so anticipation will start building on whether AIR will pay a special dividend, besides giving their outlook commentary.
Yes a very apt quote at a time like this. I do believe AIR is fundamentally incredibly cheap. In time once everyone has recovered from licking their wounds we should see more normal market behaviour.
Maybe sooner than you thought by the start of todays trading. Early days but I get the sense AIR as a bargain is starting to get on peoples radars...
Why is there excitement about a special dividend? If they pay 20c special divi today, then company will be worth 20cps less tomorrow. Do investors really over pay for imputation credits?
Originally Posted by Roger
Reply With Quote
Bookmarks