I wonder if there any chance she throws the airport a bone, it is going to be deserted now for months
Going to be interesting for sure but domestic travel will increase. Already friends who were taking overseas holidays are talking about flying to NZ destinations instead. Lots of wonderful places to visit in the South Island for us North Islanders & vice versa.
Last edited by Blue Skies; 14-03-2020 at 06:46 PM.
its still on a pe of 15. so with negative earnings to come and no dividends share price should fall a long way yet.
Thing is, & I'm not necessarily disagreeing with you, as someone in this position, if I pull money out of AIA & put it into the bank, I'm not going to get hardly any income from it anyway, so might as well leave it where it is.
Don't want to have all eggs in 1 basket either (i.e. the banks)
I'd say this is going to get smashed Monday following Trump's latest and NZ travel bans/requirements. Then there will be a few more down days on the US markets and it will drop further. It's going to get a lot worse before it gets better for Auckland airport. I'd say airnz, serko and tourism holdings will also get knocked around.
Bookmarks