Pattrick discusses Air New Zealand's capital raise, saying no serious investor wants to touch airline stock, so it is very deeply discounted, but that in turn is causing the small-time Sharesies-type investors - who've piled into Air NZ basically because they've heard of it - to get a sharp lesson in sharemarket realities. Also are people resuming their pre Omicron shopping patterns?.
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Pattrick Smellie is the editor and co-founder of BusinessDesk and has reported on the New Zealand economy and business since 1983.
