Forum Archive Index - March 2001

["SWLEE" <SWLEE@xtra.co.nz>]

For what's worth, IMO there is going to be considerable pressure on AIRVA share price in the short term. Further slide of the share price is highly likely because for the next 6 to 18 months AIRNZ is going to report disastrous annual results. Whether the anticipated poor performance have been factored in by the current share price, only time will tell. Certainly the short and medium term future does not look promising. AIRNZ reported a mere $4 M half year profit recently, I would suspect that the 2001 financial report would be a negative  NPAT (as opposed to a profit of $184m? before adjustment to change to accountancy policy) because of the massive restructuring and redundancy cost associated with ANSETT and AIRNZ and other unfavorable operating parameters surrounding the airline.

I bought its share with anticipation AIRNZ would have a solid year from the Olympic games and the hype 2001 celebration, but it did not materialized. So, I sold my shares at a loss and moved on, otherwise I would be have suffered further with opportunity costs by holding onto them.

 

----- Original Message -----

From: Michael Gore

To: sharechat@sharechat.co.nz

Sent: Wednesday, March 28, 2001 2:35 PM

Subject: Re: [sharechat] AIRVA

Yes Gerry, you advised me to sell at the time and I did not take your advice.  Shame - but I have been burned before taking advice from this forum.  Bought Advantage at three bucks for example.  Sold Carter Holt at $1.58.  Sold Contact at $2.67.  I thought I would take a longer term view and stop adding to a brokers profits by trying to chase short term movements.  That hasn't worked for me either.  My experience of the markets has been continually cutting my losses.  Thought I would hang in there this time.  I had been convinced that I would see a small rise in FFS straight away after separation.  Oh well, maybe I am learning.  Your excellent posts are certainly contributing to my education here.  Could you foresee Air Nz dropping even further???

regards  Michael

 

-- Original Message -----

From: G Stolwyk

To: sharechat.co.nz

Sent: Wednesday, March 28, 2001 1:50 PM

Subject: Re: [sharechat] AIRVA

 

Michael,

 

I discussed this company with you on Feb. 22, when the shares were 25 cents more than today.

 

I have selected another stock which could be of interest to investors and will let the Forum know on April 2 or 3.

 

Gerry