Perfect storm of high fuel prices, low airline capacity, and significant investment in ground and air assets will serve to keep airfares in the clouds.
The deal will create a Trans-Tasman business with forecast 2024 sales of A$400m.
While the offer was a premium on the recent shareprice the valuation was well below its A$455m peak in 2019.
Independent directors and experts Grant Samuels have both changed their views and believe Seven’s amended offer is now reasonable.
Forbar analysts cut earnings forecasts, despite predicting improved profits.
The NZX-listed medicinal cannabis firm went into voluntary administration late last month.
And some market participants question Sharesies’ role in promoting the offer.
Regulatory approval for its purchase of Challenger Bank is dependent on the $210m equity raise.
Gas field’s 46% owner Genesis announces ‘wireline intervention campaign’ after new well produces less than expected.
AI-focused company’s stock is up 350% in just three days since reverse listing.