-
-
AQZ raising capital.
So many opportunities.
So many new customers.
So many planes for them to buy.[at bargain prices]
And at $2.95...Incredible.
Please AQZ don't buy AIR NZ....lol.
-
Originally Posted by Benny1
New trading update on the hotcopper website.. Not sure if I'm allowed to post on here?
Expecting to announce FY 20 profit before tax of $40M !
FIFO operations going bang busters and I like the last line of the update regarding " being in a position to take advantage of significant opportunities ".
90% aussie owned and 8% kiwi owned... which I found interesting too.
All bodes well for an interesting time ahead.
Disc: Happy holder.
Interesting to see they are 8% kiwi owned. To bad they don't come this side of the ditch and shake things up but I'm guessing they are smarter than that.
-
Originally Posted by ynot
Interesting to see they are 8% kiwi owned. To bad they don't come this side of the ditch and shake things up but I'm guessing they are smarter than that.
Most of that 8% is owned by ex Air Works Hugh Jones.
-
Originally Posted by percy
AQZ raising capital.
So many opportunities.
So many new customers.
So many planes for them to buy.[at bargain prices]
And at $2.95...Incredible.
Please AQZ don't buy AIR NZ....lol.
Not much chance of that! They are way too smart!!!
Need to have a look at the investor presentation but from very first glance my gut reaction was I thought $2.95 sounded a little expensive?
-
Originally Posted by percy
Most of that 8% is owned by ex Air Works Hugh Jones.
Obviously he is a smart operator. He certainly made a success of Airwork. Coincidently I worked for Airwork in 79, pre Hugh.
-
Originally Posted by ynot
Obviously he is a smart operator. He certainly made a success of Airwork. Coincidently I worked for Airwork in 79, pre Hugh.
He also holds 10.15% of PTB.
-
Originally Posted by Benny1
Not much chance of that! They are way too smart!!!
Need to have a look at the investor presentation but from very first glance my gut reaction was I thought $2.95 sounded a little expensive?
Yes $2.95 is a hefty price.
However $122 mil will go a very very very long way in today's buyers market.https://stocknessmonster.com/announc...asx-2A1230139/
Last edited by percy; 11-06-2020 at 07:14 PM.
-
Originally Posted by percy
Huge sell off in airline stocks yesterday in NZ and Aussie and especially overnight in the US... This SPP portion of the capital raise may very well come at quite a discount to the $2.95 placement announced yesterday..
We may be well positioned as retail investors come our turn to stump up the cash 😊
-
Full A$91.9m raised through placement at A$2.95 per share without any need for underwriters to turn on their internet banking (other than to check the Underwriting Fee has been paid).
https://www.asx.com.au/asxpdf/202006...c58fhw6swn.pdf
Share price held up well, however as US sell off was on fears of a second wave of COVID-19, then arguably is positive for the AQZ proposition.
SPP does provide opportunity for downside risk protection over the next few weeks due to issue price formula while enabling a free carry on upside. Limited risk of scaling given A$30m sought from just 1,500 shareholders (based on 2019 annual report statistics).
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks