Australian (ASX) Stock Market Forum

SYD - Sydney Airport

Jump to new
Re: MAP - Macquarie Airports

MAP seems to be holding up fairly well through the bumpy patches. some gains early on during xao down days and flat on some days with larger down moves. (sorry cant post a chart) Could this mean MAP will see some buying when people start to enter the mrket again due to its strength? any comments on this stock would be good. Cheers
 
Re: MAP - Macquarie Airports

Old news but nobody else has mentioned it. MAP went and bought almost 10% of a Japanese airport with the money they had built up.

I kinda wish the price would go down because then the buying price in the DRP will be lower. ;)
 
Re: MAP - Macquarie Airports

It slid pretty hard during the middle of today, finished up okay. I bought in on Tuesday as yeah it had looked good during the bumpiness. Today it took a bit of a hammering but still finished up not to far down (13c / share cheaper than when I bought in though).

Here's hoping it gets dragged up with everything else if/when a recovery happens ...
 
Re: MAP - Macquarie Airports

I'm a bit confused by the sudden back tracking of this share ..

- In the MAP investor briefings, they quote an Asset backing per security of $4.92.
- They have issued distribution guidance of 26cps for 07
- They have over a billion in cash for future investments
- MBL just increased it shareholdings

So why the retrace on the SP?
 
Re: MAP - Macquarie Airports

Yesterday they announced they had increased their shareholding of Brussels airport to >60%. Since they had a controlling stake in that airport already, people may have been disappointed it wasn't a entry into a new airport or a greater slice into one they don't have a controlling stake in yet. I know I wasn't too fussed by the news. but then it was old to meand partly announced when they lifted there stake in Japan Airport Terminal back in October.

In one article I read today, a spokesperson for JAT claimed that MAP was not intending to buy more of it.

The rest is a puzzle.
 
Re: MAP - Macquarie Airports

Announcement out today showing passenger numbers up. Probably would have been good news if it wasn't for the general market downtrend which MAP appears to be caught up in again?
 
Re: MAP - Macquarie Airports

Noticed a broker upgrade to BUY this morning for MAP in the update that Commsec emails out each day (was previously OUTPERFORM).

Seems to have some support around $4.00 based on the last few days, and longer term chart indicates support around $3.90.
 
Re: MAP - Macquarie Airports

No one has posted any interest in MAP recently.

I jumped on the day pre-dividend. It's been my star performer in the time period (TPI has had some ups/downs but is actually doing better at the close today). :D

Some 'bad' news about less volume at Sydney but other than that IMHO it seems it was massively oversold when VBA and QAN started cost-cutting. I don't think that people realised that NO AIRLINE ON EARTH would start cutting flights to Sydney, urgh :banghead:

Sydney Airport today announced a 9.5 percent increase in earnings (excluding specific non-recurring expenses) for the half year to 30 June 2008.

Capital Expenditure

Total capital expenditure increased 79.4 per cent on pcp to $A157.9 million (HY CY2007: $A88.0 million). Capital expenditure comprised maintenance expenditure of $A7.2 million and $A150.7 million in growth expenditure. Major items of spend for the quarter included the T1 Multistorey Car Park, T1 Redevelopment Project, A380 related pavement works and T1 Arrivals Works.

I know that Sydney isn't the only infrastructure of MAP, but news on it is the main driver of SP in Oz. :2twocents
 
Re: MAP - Macquarie Airports

gotta hand it to mac ,,only 7 million on maintenance and a whopping 150 million on making more dough ! Expect to see fees for crossing at the zebra crossing, arrivals departures screens will now be coin /time driven and a slot for using credit cards if you want a better quality toilet paper in the loo.

maybe its time i bought shares in companies that continue to rip people off...city link ,any bank,telstra etc

the only airport in sydney they can do want they want. present price reflects imho oil prices and not its monoploy position
 
Re: MAP - Macquarie Airports

Macquack said:
smh.com.au
Business Day
http://business.smh.com.au/business...ces-after-slump-in-traffic-20090320-94e6.html

Macquarie Airports braces after slump in traffic



Talk about "clutching at straws". One less day in 2009 explains traffic slump.
Click to expand...

A simple example for comparison is your power bill for this month versus last month and the same period last year. February with 28 days is less than January with 31 days and February last year with 29 days. Sorry but that reduction in the bill was not a result of you going arround switching off appliances and trying to cut power use and costs, it was simply because there was one less day in the time periods being compared.

Similarily when comparing traffic figures for February versus January and the same period last year, if traffic per day is constant, a 28 day month would reasonably be expected to have less traffic than a 29 day month. Additionaly it could be reasonable to factor in a decrease for the reduced flights attributable to the ecobomic downturn. Expectations of which should already be factored into the share price which has fallen to current levels.

I don't see it as MAP clutching at straws, however my perspective may be biased as I hold map shares.
 
Re: MAP - Macquarie Airports

Bought into MAP a few months ago at $1.645, currently +43% on them.

Seems like I got in cheap, but wondering if it is merely JAT buyback participation and slightly better passenger numbers driving the recent SP growth?
 
Re: MAP - Macquarie Airports

Mitsimonsta said:
Bought into MAP a few months ago at $1.645, currently +43% on them.

Seems like I got in cheap, but wondering if it is merely JAT buyback participation and slightly better passenger numbers driving the recent SP growth?
Click to expand...

MAP was under massive short attack a few months back. As shorting on MQG the mothership was banned, this was one way shorters could force MQG to launch a heavily discounted capital raising - or so says some financial press.

The sharp rises recently could be some short covering. But better passenger numbers and a massive dividend yield certainly help.
 
Re: MAP - Macquarie Airports

I am kind of upset I did not get more of them under $2/unit, only holding a small parcel of 310 ($500).

It's my second highest increase on average buy. The top 4:
BEPPA: +55.5%
MAP: +46.5%
CBA: +41.4%
SHL: +14.4%

Hopefully it continues to rise. I thought MAP best to be exposed to the Aviation sector as it was not tied to any one airline. That said, VBA dropped to 17c not long after I bought MAP, would have had a much better CG on it.

Oh well :cool:
 
Re: MAP - Macquarie Airports

Up 23c today and then called a trading halt in order to make an announcement to the market.

I suggest that this will be reinvesting the the money in the JAT buyback into another property - possibly a stake in a local international airport.

Now my biggest gainer in the portfolio, +59.3%.
 
Re: MAP - Macquarie Airports

Absolutely ridiculous how they can halt MAP, and then let MQG trade for another 30min before realizing they have to halt MQG too.
 

Similar threads

R
Can trading platforms change the value of candles that have already closed?
Replies
8
Views
579
peter2
peter2
ducati916
May DDD
2 3 4
Replies
69
Views
6K
qldfrog
qldfrog
ducati916
August DDD
2 3 4
Replies
75
Views
18K
ducati916
ducati916
pavilion103
Amibroker code for specific breakout strategy
2
Replies
20
Views
5K
CanOz
CanOz
R
Swing Trading Charting
Replies
3
Views
2K
robertbanking
R
Top