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Re: Re: Re: [sharechat] What risk in buying Air NZ shares?


From: "G Stolwyk" <stolwyk@wave.co.nz>
Date: Mon, 24 Sep 2001 20:23:19 +1200


The NTA is supposed to be $ 500 mill. Even if that were the number 3 weeks ago, I would ignore it.
 
I was given to understand that liabilities exceed assets. Is that correct? Have all costs associated with separating Ansett from AIR, been recognized?
 
I won't accept that AIR is running at a profit in present conditions. 
 
I could accept that some tourists from Australia may want to fly with Qantas rather than with AIR.
 
There still could be a case being made for AIR to recompense the Aus. unions. A small chance perhaps, but nevertheless it is there!
 
If there were bonusses paid to Directors, shareholders should demand - in my opinion - the return of same!
 
Gerry 

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