I have been watching this share for a while and decided to buy about a month ago. It is really doing well. Anyone else watching wondering how come and how much higher this is likely to go? Is it just the world cup demand?
Nothing to say it should not continue for some time still. They are in a good position for capturing corporate and leasure travelers. Everyone is looking at spending cuts but corporates still have to travel and if they can do it cheeper with same time/convinience all the better. The worst time is 2 hours to CT and doing so with a drink and food "built into the price" is no longer a requirement. Leasure travelers also want cheepest travel to have more spending money while on holiday.
Same principle applies to your quality low end retailers, Shoprite, Checkers, Mr Price etc.
If you dont need the cash put a trialing stop-loss in place and forget about it. Ride the profit train to the top and when she stalls your trailing stop-loss will kick you out in profit anyway.
I contemplateded jumping ship, but I figure the share went up pretty quickly to begin with so it is likely to be volatile. I am not sure how healthy it is to think long term on an altX listed stock but I think the company is growing nicely - increasing its international flights. The share is doing a lot better again today though, while the rest of the market looking scary