Forum Archive Index - May 2001

["charlie brown" <gordy_gecko@hotmail.com>]

Gerry

Would you care to elaborate as to why the government may be considered "incompetent" if it were to grant landing rights to Virgin.

Regards

Charles

>From: "G Stolwyk"

>Reply-To: sharechat@sharechat.co.nz

>To: "sharechat.co.nz"

>Subject: Re: Re: [sharechat] Airline shares

>Date: Wed, 2 May 2001 19:34:42 +1200

>

>

>Yes, thanks for your post, Greg.

>

>I have referred to directors' attitudes from time to time and there are few "with more than 70 out of a hundred management points "!

>

>It seems that Toomey is quick on his feet and gets on with repairing the damage and can think strategically. Many other directors just seem to react!

>

>I don't think that we may see much of Virgin in NZ; see my post from yesterday. The Government would be incompetent if it were to grant NZ - Aust. landing rights at this stage.

>( Newspapers suggested that this could be a requisite to Virgin entering services in NZ.)

>

>--------------------------------------------------------------------------------

>

>I see three main types of longer term NZ investors; those who:

>1. Bought shares some time ago and need to see a recovery.

>2. Bought these during the last week or so and also want a rise in price.

>3. Like to invest in airlines and will compare the merits; starting with say Qantas - Air.

>

>These internationally thinking investors have studied the economies of the countries, the robustness, the balance sheets and the share prices over the last few years. And they have noticed the quick changing fortunes of both airlines!

>

>They may still want to know more at this stage but their final decision as to what to buy, will be their answer to the queries of today: In good conditions, the shares of one company may rise by some 20%, while the other has a rise of say 40%.

>

>Yet, supporters of each airline will laud their own company's performance!

>

>

>Gerry.

>(Does not hold Air or Qantas)

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