Jarden warns investors to be wary of Air NZ dilution

Wed, 27 May 2020

Jarden lowered its rating on Air New Zealand to underperform and slashed its 12-month target price by 11.6 percent as it warned investors to be aware of the very real prospect of material shareholder dilution. Yesterday, the national carrier said it expects to report an underlying loss in the 2020 financial year and will “continue to seek out further opportunities” to cut costs, including more job losses, as covid-19 keeps it virtually grounded. The stock increased 0.8 percent to $1.33 in early trading today, adding to yesterday's 5.2 pe...

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