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Thread: AIR NZ

  1. #14836
    ShareTrader Legend Beagle's Avatar
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    Agreed Raz. Travel almost a consumer staple now days.
    Interesting potential upside for AIR if JetStar pull the regional pin after years of losses. http://www.sharechat.co.nz/article/e...t-closely.html

    Very solid result for QAN today. Winner, I reckon AIR are right to undertake some international benchmarking on their operations and if they have to employ outside consults to do so, so be it. Apparently Jayne Herdlicka has been rampant with using outside consultants this year and ATM are so successful that it must be back in vogue again eh
    Last edited by Beagle; 22-08-2019 at 04:37 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #14837
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    Get ready for a drop holders, I just topped up to make it 5.57% of my portfolio.
    Personally I think the share price may correct higher, as the dividend % is to high.
    Yes, I agree, to simplistic.
    We’ll see I guess.
    And yes Beagle, more than 5%. It did neatly use my cash in DB tho.
    Last edited by RTM; 22-08-2019 at 04:34 PM.

  3. #14838
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by RTM View Post
    Get ready for a drop holders, I just topped up to make it 5.57% of my portfolio.
    Personally I think the share price may correct higher, as the dividend % is to high.
    Yes, I agree, to simplistic.
    We’ll see I guess.
    And yes Beagle, more than 5%. It did neatly use my cash in DB tho.
    I tend to back out any immediate term dividend, (as partial return of capital invested) from forward yield calculations so my "look through" view on the yield at $2.72 taking a medium term investment view is $2.72 less the almost immediate return of 11 cents = $2.61 net investment for the medium term. 23 cents fully imputed for FY20 = 23 / 0.72 = 31.94 cps gross and on a net investment of $2.61 = 12.2% Gross yield. I am a very happy holder at that level and added more this morning.
    FWIW mate the above was a bit of an understatement as I didn't want to be accused of ramping, probably will be now LOL. I have backed my own analysis and tripled the size of my holding this morning. Yes, tripled, that's not a typo.

    12.2% gross and being a dividend hound is like dangling a juicy bone in front of a Beagle, what's he going to do other than bite
    6.7% portfolio position now
    Now we have a decent holding we must remember to only use paper doggy bag's in the event of extreme turbulence as we wouldn't want to upset the greenie's and use plastic ones ! Seat belt firmly fastened and off we go... Slight concern with not knowing who the new chief pilot is yet but nothing ventured nothing gained...lets see how we go.

    Conference call replay available here https://edge.media-server.com/mmc/p/gnvtv7ir
    Last edited by Beagle; 23-08-2019 at 06:09 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  4. #14839
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    Quote Originally Posted by Beagle View Post
    F
    6.7% portfolio position now
    No more buying Beagle...no more. Be a good dog.
    We have enough.

    What annoys me most is I sold about the same number in 2017 @ 273 !

  5. #14840
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    Heres Qantas results . EPS flat to down , shareprice up 1.4% to $5.86.Outlook mainly flat. Div 13 c (25c FY) DY 4.26%. No contest ehh
    Download Document 1.56MB

  6. #14841
    ShareTrader Legend Beagle's Avatar
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    No butts, hold no mutts, (unless they're the furry variety).

  7. #14842
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    https://www.stuff.co.nz/business/wor...-fullyear-loss

    7 years of losses in a row. WOW...and some of those years with fuel prices at very low level's. What a mutt !!
    No butts, hold no mutts, (unless they're the furry variety).

  8. #14843
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    virgin is nasty, checking in from NZ2, two hours out from LAX, waiting on breakfast, plane half empty, first time I have seen this in the past four years, crew equally surprised so clearly not a trend, wifi before everyone wakes up is great!!

  9. #14844
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    lower oil prices coming should be good for air

    https://www.bloomberg.com/news/video...gin-says-video
    bull

  10. #14845
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    Oil prices and their future direction aside, I think AIR is looking good in the current circumstances with Virgin crashing to its 7th loss in a row and announcing serious route retrenchment and Qantas admitting their subsidiary JetStar is losing money on regional routes and they are watching the situation closely. We've also seen some other carriers rationalise their capacity and routes to N.Z. An over used phrase but "well positioned" does spring to mind.
    No butts, hold no mutts, (unless they're the furry variety).

  11. #14846
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    Quote Originally Posted by Beagle View Post
    Oil prices and their future direction aside, I think AIR is looking good in the current circumstances with Virgin crashing to its 7th loss in a row and announcing serious route retrenchment and Qantas admitting their subsidiary JetStar is losing money on regional routes and they are watching the situation closely. We've also seen some other carriers rationalise their capacity and routes to N.Z. An over used phrase but "well positioned" does spring to mind.
    I agree. A small bugbear is their ongoing approach to brand and marketing. The old K.I.S.S. principle never lead anyway astray, did it?

    My only long-term issue with AIR (and its an issue for the whole industry) is climate change. Air travel is extremely unattractive to an increasing part of our population. My family already avoids flying wherever possible. This isn't biting now, and may not for some time, but I believe that time is coming.

  12. #14847
    ShareTrader Legend Beagle's Avatar
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    Welcome to the forum. From memory AIR recently announced only about 5% of people pay for the optional carbon offset as part of the price of their ticket.
    Plant a couple of native trees and fly wherever you like I reckon
    No butts, hold no mutts, (unless they're the furry variety).

  13. #14848
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    Quote Originally Posted by Beagle View Post
    Welcome to the forum. From memory AIR recently announced only about 5% of people pay for the optional carbon offset as part of the price of their ticket.
    Plant a couple of native trees and fly wherever you like I reckon
    Their Carbon offset is incredibly cheap, they do not take other emissions into account, which may or maynot be the right thing to do. Interestingly I heard a presentation from a fund manager whose "ethical fund"screens for the best in sector. AirNZ was their pick of the best airline, surprisingly Singapore airlines was the worst from their selection criteria.

  14. #14849
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    Quote Originally Posted by Arthur View Post
    Their Carbon offset is incredibly cheap, they do not take other emissions into account, which may or maynot be the right thing to do. Interestingly I heard a presentation from a fund manager whose "ethical fund"screens for the best in sector. AirNZ was their pick of the best airline, surprisingly Singapore airlines was the worst from their selection criteria.
    Yes Arthur, this is my understanding too - AirNZ offset looks very cheap to me, but we do always opt in to it. Flying from Christchurch to Auckland next month and it was something like $10 offset for the whole family. Doesn't seem right. We will offset elsewhere as well to keep our conscience clean. Its a pity AirNZ don't offer some other mechanism for customers to get involved in offsetting or carbon activism more proactively - it is the kind of thing that with their scale, market share and infrastructure they could readily put a foot forward and lead the industry both regionally and globally. Anyway, I'll get off my high (also carbon-emitting) horse!

    And thanks Beagle for the welcome.

  15. #14850
    ShareTrader Legend Beagle's Avatar
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    http://nzx-prod-s7fsd7f98s.s3-websit...567/305892.pdf

    Half way through reading my hard copy of this which arrived today. Sad that Chris Luxon is leaving. You can't buy leadership of that quality for love or money and he will be sorely missed. I think my most enduring memory of the strength of his leadership was when he stood up to the other directors and CEO of Virgin and told them that the Virgin CEO Borgetthi, (forget how to spell his name) had to go. When they wouldn't back him he resigned as a director of Virgin as a matter of principle and then extricated AIR as a shareholder from this dog of a company and the rest including a 25 cent special divvy for AIR shareholders while the remaining shareholders in Virgin have gone on to endure 7 consecutive shocking years of losses, as they say is history. I think I have attended most of AIR's annual meetings over the years and really enjoyed chatting to Chris Luxon afterwards. A real gentleman that seems to have the unique knack of being able to easily relate to people from all walks of life.

    Virgin in recent times from this https://www.nzherald.co.nz/business/...ectid=12215405
    to this https://www.nzherald.co.nz/business/...ectid=12263320
    I think Virgin shareholders are on a road to nowhere.
    Last edited by Beagle; 30-08-2019 at 04:14 PM.
    No butts, hold no mutts, (unless they're the furry variety).

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