SYD - Sydney Airport

[nulla nulla]

Re: MAP - Macquarie Airports

Is this shaping up for an upward breakout or headbutting resistance levels and ready to plumb new depths?



Tha MACD chart shows the current price might be about to break downward through the moving average.



The RSI shows the price is hovering just above the line between overbought and oversold.

 

[BrightGreenGlow]

Re: MAP - Macquarie Airports

A very recent Eureka Report had MAP as a future massive yield share. Not really comparable with TLS especially with MAP not being 100% franked. Im 2 months away from a year holding MAP and hopefully Ill be able to sell them around the $3.25+ range again!

 

[BrightGreenGlow]

Re: MAP - Macquarie Airports

Passengers are on the UP...

PASSENGER numbers at Sydney and Copenhagen airports hit a record in August, MAp said, as Kingsford-Smith managed 3 million people.
http://www.theaustralian.com.au/bus...openhagen-sydney/story-e6frg95x-1225926627063

Record high rate of passengers at Sydney and Copenhagen. Good news for MAp, that volcanic dust problem weighed the SP down a bit but it was marginally up today ($0.01) in a lower day on the ASX.

 

[Unnamed User]

Re: MAP - Macquarie Airports

Special dividend of .125 cents announced today but the market doesn't seem happy as it is down .10 as i type this.

Record date is 06.10.2010 so does that make today the last day of entitlement to this dividend?

 

[snowking]

Re: MAP - Macquarie Airports

Today is the ex-dividend date. The SP usually drops by the dividend amount on this day, nothing unusual.

 

[Unnamed User]

Re: MAP - Macquarie Airports

Today is the ex-dividend date. The SP usually drops by the dividend amount on this day, nothing unusual.

But isn't the ex date 4 days prior to the record date?

That would make it tomorrow?

 

[BrightGreenGlow]

Re: MAP - Macquarie Airports

If you wanted the special dividend you would have had to have bought MAP shares yesterday. Being 10c down is a good result if we all collect an additional 12.5c in under a months time. I would guess they will rise 5c+ tomorrow too.

 

[YELNATS]

Re: MAP - Macquarie Airports

Special dividend of .125 cents announced today but the market doesn't seem happy as it is down .10 as i type this.

Actually, it was announced to the market last Friday Sept 24th. I guess it will be an unfranked dividend like their regular scheduled dividends, and it is a dividend and not a capital return.

 

[snowking]

Re: MAP - Macquarie Airports

But isn't the ex date 4 days prior to the record date?

That would make it tomorrow?

It is business days that count towards the 4 days, whilst the ASX is open on Monday for trading it is not considered a business day on their calendar, which is why today is the ex-dividend date

http://www.asx.com.au/about/operational/trading_calendar/asx/2010.htm

 

[Unnamed User]

Re: MAP - Macquarie Airports

It is business days that count towards the 4 days, whilst the ASX is open on Monday for trading it is not considered a business day on their calendar, which is why today is the ex-dividend date

http://www.asx.com.au/about/operational/trading_calendar/asx/2010.htm

Now it makes sense as by my count it should have been tomorrow.

Thanks for that.

 

[nulla nulla]

Re: MAP - Macquarie Airports

After going exdiv, map has plunged from $3.11 to $2.87. The div was on 12.5 and the traffic figures have all been good. The report on refinancing for 2011 and 2012 was good, so why the drop in excess of the value of the div?

 

[nulla nulla]

Re: MAP - Macquarie Airports

With interday lows touching $2.86 and $2.85, an entry at $2.88 or $2.87 if you were quick enough would have seen you in the money with the quick jump to $2.95.
It would appear this is a correction of the oversell when map went exdiv. It remains to be seen whether map can break through the resistance at $2.86 and continue to $2.99+.

 

[nulla nulla]

Re: MAP - Macquarie Airports

Showed good support all week off $2.91 on low volumes after a brief dip to $2.87 late last week. Good surge on Thursday and Friday with improved volumes and looks capable of testing the resistance levels of $3.05.

Another dividend ($0.10) will be due for announcement in December. I would not be surprised to see the price sneak up, particularly if the traffic figures continue to improve.

On the downside, the appreciation of the Aud$ against the green back could impact negitively on income conversion rates when it comes to reporting.

 

[nulla nulla]

Re: MAP - Macquarie Airports

Going against the trend of some shares at the moment, map jumped through the resistance levels of $3.05 to take on a new (recent) high before falling back to close on Friday at $3.05.
Whether it can maintain the momentum on the back of good 3rd quarter reporting and use this level as a support level remains to be seen.

 

[BrightGreenGlow]

Re: MAP - Macquarie Airports

Just announced today the exdiv date of 23rd Dec and at 10c... bit low thought would be atleast 11c and now the market is down 6c today on that news. I think MAP will rise towards 3.15 by the div date though.

 

[nulla nulla]

Re: MAP - Macquarie Airports

Fell back today to low $3.00's. I wouldn't be surprised if the traffic reports for Bristol are comming out, and with England being snowbound for winter, the reports probably aren't the best. If it drops back a little further it may provide an opportunity to top up? DYOR

 

[nulla nulla]

Re: MAP - Macquarie Airports

Been a while. Traded a few lows and highs but didn't expect todays run up until closer to the Exdiv date. Todays action was even more remarkable as it went against the trend of all the other falling stocks.

Would be good if it could push higher but hard to see a reason for it to break the most recent high of $3.17, particularly with the current economic gloom.

 

[nulla nulla]

Re: MAP - Macquarie Airports

Been a while. Traded a few lows and highs but didn't expect todays run up until closer to the Exdiv date. Todays action was even more remarkable as it went against the trend of all the other falling stocks.

Would be good if it could push higher but hard to see a reason for it to break the most recent high of $3.17, particularly with the current economic gloom.

Well map found a reason, the ceo of map, Kerry Mather, will take on the dual role of ceo for Sydney Airport. cpa surged to $3.22. If you look at the chart, it appears the map has set an new high for the last 24 months and broken through resistance levels and is now set to go higher.

I hold one small parcel which I have held since October 2002. I am happy to hold this for the div and or the pospects of it going higher. However I am mindful that the share price is well and truly at the top of the established trading range and that hope and optimisim are not a good basis for hanging on in the current economic environment.




As always do your own research & good luck. (The second chart below is an accidental repost of last weeks chart and is an error for which I apologise).

 

[nulla nulla]

Re: MAP - Macquarie Airports

Today map hit $3.33. Yep thats right $3.33 before falling back to close at $3.27. Another 4c and I was ready to unload the parcel that has been a corner-stone of my share market portfolio since 2002.

Hard to justify holding on for any longer when it has paid for itself many times over and owes me nothing. However, while the dividend of $0.22pa ($0.11 x 2) on the original outlay of $0.86 is greater than 25%pa, on $3.37 (the target exit) it is only 6.5%.

Time to cash out and put the capital back to work..if I can get $3.37

 

[toocool]

Re: MAP - Macquarie Airports

A gentelman on CNBC cash flow from australia (i think) was really positive about this stock today, saying how it was selling off some other assets to only have and concentrate on the monopoly that is Sydney airport.

I dont hold.