AIR - Air NZ.

[stoploss]

Big day alright, the biggest dividend as a percentage of the share price of any share I can recall...probably been bigger at some stage but I can't remember back that far.
Important milestone for the company, in effect they have said there will be no more fishing expeditions of investments in associate overseas airlines for the foreseeable future and that's a very good thing as far as I'm concerned.
Also after observing this company very closely for many years I have noticed a subtle change from expansion, expansion expansion to a far more measured approach in recent months and a real change in emphasis towards paying high sustainable dividends across the cycle. It appears clear the Govt has said there will not be an Ansett Mk3.
I applaud current management for having the gonads to clean up Rob Fyfe's and the some previous directors flawed mess with Virgin and continue to believe Virgin's business model is systemically flawed.

As posted recently, its rare to see FA, TA and now dividend stripping all lining up beautifully. I continue to believe ex dividend SP performance will be sound.

Just thinking this dividend including the special will be more than some smart investors paid for their shares before Aunty Helen stepped up to the plate.

[blackcap]

Just thinking this dividend including the special will be more than some smart investors paid for their shares before Aunty Helen stepped up to the plate.

Was there not a consolidation a few years back... like 5 for 1 or something? Someone please help me out, purely from memory. But still a stellar run since then. I can remember buying and selling the AIRVA and AIRVB shares back then for 18 odd cents.

[RGR367]

If an outside party came in to buy 100% of AIR.....a takeover bid including the govt share, what would be your bottom dollar? How much would you sell your shares for?.

As I've just used a fifth of the money I'm expecting from NPX to buy AIR last Friday, even at my acquisition cost of just $2.275 would be just as splendid as like being given a business class seats to UK for the whole family

[Snow Leopard]

Just thinking this dividend including the special will be more than some smart investors paid for their shares before Aunty Helen stepped up to the plate.

That would have been before the share consolidation (Monday 23rd August 2004).

The cheapest the current shares have been on market is $0.75 on the 3rd, 4th & 6th of March 2009.

Oh to have bought some then, eh!

Best Wishes
Paper Tiger

[winner69]

That would have been before the share consolidation (Monday 23rd August 2004).

The cheapest the current shares have been on market is $0.75 on the 3rd, 4th & 6th of March 2009.

Oh to have bought some then, eh!

Best Wishes
Paper Tiger

Wonder what the PE ratio / dividend was at 75 cents back then?

[Arbroath]

[QUOTE=Paper Tiger;635861]That would have been before the share consolidation (Monday 23rd August 2004).

The cheapest the current shares have been on market is $0.75 on the 3rd, 4th & 6th of March 2009.

Oh to have bought some then, eh!



Even better to have bought them for around 90 cents in mid-2012 after making good gains in other stocks for 3 years post the GFC lows in March 2009.

Isn't hindsight great! I only got on the train around $1.65 in late 2013 and happy with the divi's paid since then...

[Snow Leopard]

Wonder what the PE ratio / dividend was at 75 cents back then?

FY:: EPS::: NEPS:: DIV::: NTA:: NPAT:
2008 $0.207 $0.139 $0.085 $1.45 $218m
2009 $0.020 $0.111 $0.065 $1.47 $21m

NEPS = Normalised (Fudged) EPS;

Best WIshes
Paper Tiger

[winner69]

FY:: EPS::: NEPS:: DIV::: NTA:: NPAT:
2008 $0.207 $0.139 $0.085 $1.45 $218m
2009 $0.020 $0.111 $0.065 $1.47 $21m

NEPS = Normalised (Fudged) EPS;

Best WIshes
Paper Tiger

So cheaper today?

[Snow Leopard]

So cheaper today?

Well that will depend upon you definition of cheap .

I have no idea what the company was valued at, by those who job it was to value them, at that time.

But if we assume that my valuation curve posted earlier is correct (and why not) then tomorrow ex-div it has a value (determined by what seems the most logical method to me) of:

$2.192

on it's way to

$2.407 next 30-Jun.

Best Wishes
Paper Tiger

[Beagle]

Picked my 87 year old Mum up from the Airport today after coming back from her brothers funeral in Dunedin. She needs wheelchair assistance these days. I asked her how AIR staff treated her. She said they were really lovely and caring and really looked after her both down a few days ago and back today. AIR staff made me proud to be a shareholder today.