Forum Archive Index - June 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

Snoopy,

 

Replying to your remark that " The market is currently severely undervaluing the AIRVA shares ", is a statement which can not be justified at the present time, I think.

 

In my previous post, I mentioned that " should there be a cash issue " and referred to discussions.

 

I was in part referring to the future status of Ansett and you also made a remark on this item.

 

The market thinks that there are other outcomes than a " severe "cash issue under the present regime of A & B shares.

 

If you as a Director of an AIR Board had the authority to inform the media that there will be a 5:1 cash issue, then, the A shares will probably fall to 85 cents or perhaps touch 80.

 

I can't see any reason to talk the market down with a statement that shares are heavily overpriced.

 

Gerry

Don't hold Air shares.