Forum Archive Index - January 2000

["Richard Hooper" <hoop@ihug.co.nz>]

Interesting reading on the NZHerald web site regarding Ansett employees wanting to purchase 1/2 of Ansett and willing to pay $500m to News Corp. What worries me  is what one can read between the lines, maybe I am wrong or paranoid  ( or both  :>> ) but certain details come to light :-

 

1 /    This buyout report has been with the AirNZ board since end of Oct 1999 as reported and has just been released to the media . Are Ansett employees dissatisatified with the slow /no response from AirNZ/News Corp ? With the speed of Virgin/Singapore Airlines I find AirNZ to be very lethargic 

2/     AirNZ management are becoming perceived by the public as slow and indecisive

3/     Brierley link to AirNZ  ( cannot help but feel there is a simliar slowness with both companies at strategic levels - maybe a shortage of strategy personal or  is Selwyn Cushing influence too strong in both companies . He is a cunning businessman but I feel he hasnt got the energy he once had.

4/     Shareholders are so badly informed they are exiting the stock . Management of both companies (AirNZ /Bry ) have an ethical duty to keep shareholders informed . They are paid increasingly amount of remmunation each year and are perceived to be doing proportionally less amount of work for it.

 5/     Maybe nothing is being done (scary thought) ,been not dialogue between Singapore Airlines & AirNZ so SAir have said

6/       There is an ad on TV at the moment that advertise both AirNZ & Singapore Airlines together ( what is going on here  ????)

 

I am a pre-emptive buyer of shares ,I like detective work and reading between the lines . I think any outcome with Ansett will be +ve for AirNZ ,just wish it wasn't so much as a slow soap opera . (spoilt with the speed of IT Stocks perhaps)

 

Disclosure :  increased my holdings in Airvb last week ,increase my holdings in Bly

                    2 weeks ago @ 40c  I  hold  a tech stock ITC.+ various other stocks

 

I will not hold my breath on Bly/Airvb as I will expire ,I have bought them looking for profit in 6 months to 1 years time.