SHares88,
"According to UBS they should earn about $30m with oil at $116 and an additional $6m for every dollar that oil falls below that - on my numbers that stacks up to $222m."
According to Macquarie, they have a collar in place in which they participate down to $90 only.
In any case, this is still very attractive and should count for something.
My buy in price was 45c. I still can't help but think that this should be worth at least 60c-80c.
You may see more flying domestically rather than overseas given the $A, or alternatively, we may have increased overseas visitors. Also, the Sydney/Melbourne route will continue to be the 3rd most lucrative in the world.
One question, does anyone know whether they have any currency hedging in place?
Add to My Watchlist
What is My Watchlist?