I agree ocker, reporting tomorrow....probably announce capital raising or possibly air nz deal, annual report then lift halt then...wait up, this just in
DJ MARKET TALK/AU-EQ:ASX May Be In Talks With InvestmentLink
1135 [Dow Jones] Air New Zealand (AIZ) says planning to make announcement
later today, minutes after cross-Tasman rival Qantas (QAN) requests trading
halt. Speculation has intensified in recent months about Qantas acquiring up
to
25% stake in NZ carrier; also speculation Qantas to announce capital
raising.
Airline expected to report tomorrow that FY02 net profit jumped 46% to
A$424.9
million, boosted by burgeoning domestic operations, according to Dow Jones
survey of eight analysts. Qantas shares last traded at A$4.69, while Air NZ
shares on ASX up 2 cents at 53 Australian cents. (LXV)
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