SYD - Sydney Airport

[sptrawler]

It all depends on the virus, but I do tend to agree with the sentiment, that regarding the virus the only way is up. So you may well be right.
Reading today's Qantas announcement, SYD attracts a lot of Qantas revenue, therefore it obviously is a major Australian hub.

 

[Value Collector]

SYD attracts a lot of Qantas revenue, therefore it obviously is a major Australian hub.

It sits on an Island, inside a city with a population of 5,300,000 people, and that population contains a lot of immigrants that want to visit and be visited by friends and family from over seas and interstate where for most people the only practical transport method between other cities is air travel, not to mention the other half of the population love to travel, and its also the largest city in Australia which creates and attracts a lot of business travel.

Airports connect people, even the basics of human life being Births, deaths and marriages are destined to create a lot of travel around Australia, New Zealand and as we re open to the world.

Everyone I know if gagging for an international holiday, the pent up demand is real.

 

[peter2]

After losing this years State of Origin RL series QLD has hatched a bold plan for revenge.
QSuper as part of a consortium have announced an offer to buy Sydney Airport!

 

[Dona Ferentes]

drat... They'll probably buy out the bond I hold, and issue cheaper debt:

SYDAIR-ILB-3.12%-20Nov30 (AU3AB0000085)

IRR numbers to 30 June: 12 months .. 6.44%; 3 years .. 8.15%pa; 5 years .. 7.80%pa; Since inception .. 7.92%pa

 

[IFocus]

drat... They'll probably buy out the bond I hold, and issue cheaper debt:

SYDAIR-ILB-3.12%-20Nov30 (AU3AB0000085)

IRR numbers to 30 June: 12 months .. 6.44%; 3 years .. 8.15%pa; 5 years .. 7.80%pa; Since inception .. 7.92%pa

Nice bond, would have looked good in my super fund, I bought SYD for the super fund on weakness thinking longer term might get a take over wind fall if it gets up instead.

 

[dyna]

The $22 billion takeover proposal of Sydney Airport will further the biggest ( $225 Billion ) super fund, AustralianSuper, into private markets and away from listed equities, to an extent. Along with the possible $10 Billion sale of its West Connex holding, this will raise their Balanced Fund's present 12 % infrastructure allocation to 15% , or $60Billion in 3 years time.

 

[divs4ever]

Sydney Airport rejects improved $16.8 billion buyout bid, open to higher offer​

Sydney Airport rejects improved $16.8 billion buyout bid, open to higher offer

SYDNEY (Reuters) -Sydney Airport Holdings Pty Ltd on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying that it undervalued the airport operator, but that it was open to a higher offer. The new offer valued Sydney Airport at A$8.45...

au.finance.yahoo.com

DYOR

i am GONE from here MQG were nice enough to give me a slab of SYD , at i took the $8 on offer when this offer was first announced a while back

 

[System]

On March 10th, 2022, Sydney Airport (SYD) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SYD and its shareholders in connection with the acquisition of all the issued capital in SYD by Sydney Aviation Alliance Pty Ltd.