I see people bought more Air NZ shares on the ASX than on the NZX yesterday.
I don't want to turn this into a political thread but Australians may not be aware of how our government operates. I'll give you an example.
One day our PM rocked up to a meeting on the west coast - a place where all our oil and gas interests are based. At this meeting she announced that the govt would no longer approve any more oil or gas mining exploration licenses. POOF. Just like that. No discussion. no consultation. no word of warning. An announcement completely out of the blue. She called it her "Captains Call". So with that call in a few words totally wiped out our future oil and gas exploration industry.
That is the kind of person you are dealing with as teh majority shareholder. Along with our minister of finance who has printed much more money than Australia has which is why our inflation is so much worse.
So when you are buying shares and rights you really need to give some thought to the government of the day. Personally - I dont think labour will survive the next election next year. Currently they are a majority government so they can do what ever they like. But there is still a chance (and a reasonable one) that they could form a coalition with the Maori party and the Green party. And I can tell you that will not be good for the airline industry.
On the flip side their is a chance National will win. They are currently lead by Luxon. He is ex CEO of AIR.
Interesting times!
AIZ Price at posting:
$1.15 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)