Forum Archive Index - January 2001

["Rick Nelson" <rick@signalgroup.co.nz>]

Gerry as I understand it 25% is the maximum holding that a foreign airline can have in Air NZ and this is what they currently have.

 

I have recently purchased some Air NZ A shares ($1.55) thinking they are undervalued - the spread from the B's appears to be widening again and I'd like to see it close.  Have been undertaking some research before increasing my exposure and an interesting piece of information I have come across was the acceptance on the new issue - 98.4% acceptance from the B holders, 88.2% from the A holders.  This means most of the 12.9m shares picked up by the underwriters need to find a home with local investors.

 

I'd have to say there is excellent of information on the company on their website under the investor section.  The monthly operational updates will certainly assist to keep the market informed about the integration of Ansett. 

 

Does anyone have information on brokers forecasts for leading companies such as Air NZ?  I see that Datex offer a subscriber service that summarises this information for leading companies.  By my assessment even a $100M profit translates to a PE ratio of under 12 (last year $178M profit prior to the abnormal from the taxation accounting policy change - a PE of under 7 at current prices).

-----Original Message-----
From: owner-sharechat@sharechat.co.nz [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of G Stolwyk
Sent: Sunday, 31 December 2000 18:05
To: sharechat.co.nz
Subject: Re: [sharechat] WORKING AT THE COAL FACE - AIA/ P.Maiden

 

 

Peter,

 

 

Thanks for your charting of AIA. I would appreciate any future results.

 

I think that now the share price of AIR is down, there is a greater chance of Singapore increasing its stake in this stock.

 

Any such movement in shareholdings of AIR must reflect in an creasing share price of AIA, ie. there is no need for Singapore to increase its stake at the same time in AIA !!

 

Singapore is keen to get both AIR and AIA. If they can get even close to 50% of both or at least of one, then you will see a lot more Asians coming this way and this will benefit AIA!

 

I never read Mainland's work but bought them as I saw AIA as a situation stock. Of course I don't guarantee any price increases!

 

Cheers

 

Gerry