Australian (ASX) Stock Market Forum

SYD - Sydney Airport

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upload_2019-3-10_18-42-59.png

breaking out testing old high after period of consolidation
 
On a longer time frame of three years $7.60 has been a top for it many times from August 2016. It will be interesting to see if it can break above. Looking at an EquiVolume chart, there appears to be little or no selling pressure coming from large volumes at any level. In a buoyant market there should be no reason it is held back other than psychological of being at regularly tested resistance line.

syd march 2019.png
 
Jeez Ann, I was at Sydney airport on Friday, they know how to charge.
Will the second airport have an effective? Or will the same company pick it up?
 
sptrawler said:
Jeez Ann, I was at Sydney airport on Friday, they know how to charge.
Click to expand...
sptrawler said:
Will the second airport have an effective? Or will the same company pick it up?
Click to expand...

It may certainly be impacting on further price rises sptrawler. It seems to be ranging up to a certain level, top value? I wouldn't like to guess what would happen to SYD even if the same company picked it up. It may still range. As you said, they know how to charge so perhaps there is not a lot more upside for them. NZs AIA appears to be traveling better although it is now about to hit a double top. I will put up a chart soon.

HelloU said:
soz mate, what i mean is that capex has started with tax $.
Click to expand...
What does this mean HelloU, I have no idea about FA but keep trying to grasp it, always appreciate a bit more in depth if you have time.
 
Ann said:
It may certainly be impacting on further price rises sptrawler. It seems to be ranging up to a certain level, top value? I wouldn't like to guess what would happen to SYD even if the same company picked it up. It may still range. As you said, they know how to charge so perhaps there is not a lot more upside for them. NZs AIA appears to be traveling better although it is now about to hit a double top. I will put up a chart soon.


What does this mean HelloU, I have no idea about FA but keep trying to grasp it, always appreciate a bit more in depth if you have time.
Click to expand...
the second sydney airport build has started - so both planning and earthworks are happening - at a cost - so capital expenditure has commenced - being funded from tax $ - and would bet nobody has a true capex figure. SYD had mgt dibs but declined 1st offer ( i think) but years off anyway.
 
Loans That Can Help Save the World Finally Gain Ground in Asia

A region that’s lagged behind the rest of the world when it comes to socially-responsible financing is beginning to catch up.

Companies in the Asia-Pacific area are riding a global groundswell in demand for environmental, social and governance (ESG) loans and other feel-good investments, with Sydney Airport last month securing the largest syndicated ESG financing in the region. More...

Still being knocked down at the $7.60 level at its fifth attempt but it managed to stay above the line better than the past. Perhaps it has a fighting chance the next time it tackles that level.

syd 3.6.19.png


 
Ann said:
Loans That Can Help Save the World Finally Gain Ground in Asia

A region that’s lagged behind the rest of the world when it comes to socially-responsible financing is beginning to catch up.

Companies in the Asia-Pacific area are riding a global groundswell in demand for environmental, social and governance (ESG) loans and other feel-good investments, with Sydney Airport last month securing the largest syndicated ESG financing in the region. More...

Still being knocked down at the $7.60 level at its fifth attempt but it managed to stay above the line better than the past. Perhaps it has a fighting chance the next time it tackles that level.

View attachment 95196
Click to expand...
Tried to have a sneak preview of SYD thread and found last message was from @Ann . Hope Ann you are well and looks like you have left ASF now.
Any way SYD is behaving aligning with rest excepting today's steroid to most of the stocks did not inject well into SYD. Tomorrow will be far worse with DJ and FTSE is still southwards.
Do not hold nor have any blood left after hemorrhage over last two days, waiting for last nail on the coffin tomorrow :(
https://www.asx.com.au/asx/share-price-research/company/SYD

https://www.asx.com.au/asxpdf/20200310/pdf/44fx95rdhgwg7l.pdf
 
what's the old joke: "An airport is a shopping mall where you leave by a different door than the one you came in" ?

through their two main business units, Aviation (Sydney Airport) and Leasing & Advertising Opportunities, and like most airports, SYD is getting hit on multiple fronts: Aeronautical, retail, property, car rental and parking and ground transport services

upload_2020-3-11_10-44-6.png
 
Hey all,

Just thought I'd get some perspective going regarding SYD. Now, fundamentals/valuations are not really in my wheel house but I do my best to understand things where I can. Firstly, a chart.

SYD.JPG


As we can see, data on this platform goes back approximately 18 years. 4 zones are marked where I believed there could be some resistance encountered. From high to low through the GFC, SYD fell 71.4%. What we are experiencing now, I believe, is only the beginning of something that will be much worse than what happened back in '07/'08. Therefore, if we use the most recent high of $9.30 and factor in a minimum decline of 71.4% - we come up with a target of $2.66. At a price of $2.66, SYD would be trading at a just under 15x current earnings. Current prices reflect a 6.71% dividend (assumes no cut), with no franking credits. Anyone else think that a sub $3 price is probable considering the current state of the COVID-19 black swan event, global economies and the global financial markets?
 
Cam019 said:
Hey all,

Just thought I'd get some perspective going regarding SYD. Now, fundamentals/valuations are not really in my wheel house but I do my best to understand things where I can. Firstly, a chart.

View attachment 101364

As we can see, data on this platform goes back approximately 18 years. 4 zones are marked where I believed there could be some resistance encountered. From high to low through the GFC, SYD fell 71.4%. What we are experiencing now, I believe, is only the beginning of something that will be much worse than what happened back in '07/'08. Therefore, if we use the most recent high of $9.30 and factor in a minimum decline of 71.4% - we come up with a target of $2.66. At a price of $2.66, SYD would be trading at a just under 15x current earnings. Current prices reflect a 6.71% dividend (assumes no cut), with no franking credits. Anyone else think that a sub $3 price is probable considering the current state of the COVID-19 black swan event, global economies and the global financial markets?
Click to expand...


I definitely think sub $3 is probable/ likely. Govt just announced a 2 week compulsory self isolation period for international arrivals, there goes the international tourism trade in one blow.

Next step is a full border lock down, which I think is still not likely but imagine if by May/June the infection rate gradually reaches 100,000 with 3,000+ deaths, you'd think drastic action would be taken
 
Miner said:
Tried to have a sneak preview of SYD thread and found last message was from @Ann . Hope Ann you are well and looks like you have left ASF now.
Any way SYD is behaving aligning with rest excepting today's steroid to most of the stocks did not inject well into SYD. Tomorrow will be far worse with DJ and FTSE is still southwards.
Do not hold nor have any blood left after hemorrhage over last two days, waiting for last nail on the coffin tomorrow :(
https://www.asx.com.au/asx/share-price-research/company/SYD

https://www.asx.com.au/asxpdf/20200310/pdf/44fx95rdhgwg7l.pdf
Click to expand...
I miss Anne, she was a bit of a breath of fresh air.
Just my opinion.
 
SYD - its a bond proxy. That party is over.

I have direct exposure to one of their debt issues SYDAIR-ILB-3.12%-20Nov30. . Long dated inflation linked, pays good quarterly income rising with inflation PLUS rising capital value. Still nervous after last few days/ weeks.
 
sptrawler said:
I have looked at them lots of times, as they are always on the 'must have' advisers list, I have never been able to get excited about them.
Just my opinion.
Click to expand...

Agree, a market darling for yield but if the revenues dry up how sustainable will that yield be?

Airline and travel agencies seems to be taking the brunt of the hit at the moment...

upload_2020-3-15_22-17-46.png

https://www.theage.com.au/business/...-takes-a-coronavirus-hit-20200313-p549r6.html

So the impact on airports like Auckland International Airport Limited (AIA) and
Sydney Airport Holdings Pty Ltd (SYD) should not be underestimated.
 
Cam019 said:
Hey all,

Just thought I'd get some perspective going regarding SYD. Now, fundamentals/valuations are not really in my wheel house but I do my best to understand things where I can. Firstly, a chart.

View attachment 101364

As we can see, data on this platform goes back approximately 18 years. 4 zones are marked where I believed there could be some resistance encountered. From high to low through the GFC, SYD fell 71.4%. What we are experiencing now, I believe, is only the beginning of something that will be much worse than what happened back in '07/'08. Therefore, if we use the most recent high of $9.30 and factor in a minimum decline of 71.4% - we come up with a target of $2.66. At a price of $2.66, SYD would be trading at a just under 15x current earnings. Current prices reflect a 6.71% dividend (assumes no cut), with no franking credits. Anyone else think that a sub $3 price is probable considering the current state of the COVID-19 black swan event, global economies and the global financial markets?
Click to expand...
Good one and thanks @Cam019.
One question I have: It is expected that there would be considerable financial losses for SYD, QAN, VAH and lots of travel companies, how the assumption of having the same dividend without any cut is sustainable?
Just my thought and mindful of possibility to payout a dividend from the reserve. Should they do as all investors will accept the losses from Corona and that could be an opportunity to keep the reserve and instead lower the dividend (if any) for FY 20.
DNH
 

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