Forum Archive Index - May 2000

["Bevan & Susan" <b-s@thenet.net.nz>]

you may find that the $15 mill is a little over pricey.  I would suggest $9
mil and not for another 2yrs.  Would sugg that the next 2yrs are going to be
very lucrative indeed and with capital reserves set aside including the
advantages already building from the Star Alliance it looks fairly good to
me.

Oxbow
----- Original Message -----
From: james.chamley <james.chamley@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, May 30, 2000 6:49 PM
Subject: Re: [sharechat] Air New Zealand B Shares


> Might be a little late to the conversation but a few minor comments re
> Air NZ
>
> Althought hey have put the issue off to date at some stage they will
> need to reequip at least part of the Eagle Air fleet (and at up to $15m
> per aircraft it adds up).
>
> On the domestic front Ansett/Qantas will be a major competitor and will
> win back some of the clientele lost through Ansetts problems last year.
> Air Nz currently does all Qantas ground handling in NZ as does Qantas do
> this for Air NZ in Australia.  Expect Air NZ to go to Ansett in
> Australia, Qantas to go to Ansett/Qantas.  This could be better for Air
> NZ in the longer term.
>
> The trans tasman load factors are high but this may be a temporary
> effect, Olympic year and all.  In comparison (apparently) China Air were
> doing AKL-SYD for $199 and flying 30% full so they must be doing
> something right.
>
> Their currency/futures management must have been shocking to see the
> impact that the price rise in jet fuel had to them this year.  Higher
> costs going forward will only affect them to the same extent as their
> competitors - what is of concern is how much better their own
> competition did in this respect over the last twelve months.
>
> Regards
>
> James
>
> "tennyson@caverock.net.nz" wrote:
> >
> > >
> > >  And does it look undervalued at  almost half NTA...must be?
> > >.comments on downsides please (ex crashes)
> > >
> > How about:
> >
> > 1/the upcoming preference/cash share issue diluting the capital.  Not
> > to mention the fact that the existing shareholders will be asked for
> > more money.   I think the Australian authorites approved the terms
> > this week so an announcement must be imminent.
> >
> > 2/there is that little island off the coast of New Zealand where the
> > natives have taken over at gunpoint, right in the peak holiday
> > season.   And to the average American tourist all those South Pacific
> > Islands are the same, so why go down there? SNOOPY
> >
> > ---------------------------------
> > Message sent by Snoopy
> > e-mail  tennyson@caverock.net.nz
> > on Pegasus Mail version 2.55
> > ----------------------------------
> > "You can tell me I'm wrong twice,
> > but that still only makes me wrong once."
> >
>
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