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Re: Re: Re: [sharechat] AIR latest forecasts

From:	"Peter Maiden" <pmaiden@xtra.co.nz>
Date:	Fri, 1 Jun 2001 15:45:03 +1200

Snoopy - good effort.and a

I was going to make some comment - but you have done it for me with these quotes.

.....so the market is currently (severely) overvaluing the AIRVA sharesA
.....that the market is still overvaluing the AIRVBshares (by 40%) too
.....Have I been too pessimistic with my assumptions?
.....Or maybe the sale of Ansett Australia (which would neatly wipe out the requirement for a cash issue) is indeed the more attractive option for small shareholders

Snoopy - you and I don't often agree, but this time we do

I don't think you have been pessimistic at all - and your conclusions in all probability are correct.

A badly undercapitalised company not making money with it's major shareholders having ulterior motives for what they are doing is a recipe for disaster.

Still watching developments. At least I don't have to decide to sell any AIR shares

Cheers

Peter

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