SYD - Sydney Airport

[chicken]

Re: Macquarie Airports

can this be applied to BSL or any other similar stocks?

aS far as charting ,the expert tell me YES..ask some on this board....re my last post its showing up, it has bounced off its low or double bottom...a tripple bottom can also happen but them its different altogether

 

[michael_selway]

Re: Macquarie Airports

No look at the fundamentals, look what MAP has got ,look how much money they make ,and ,look at a PE 6.5 and look how the company is progressing and ,look at management ,do I have to say more....this can go all the way to $6 as it would only have a PE of 13 ...the market norm is PE17....So how much is the share worth...a lot more than being paid for at present...your return is 6.7% aT PRESENT SP

Hi if u look at Comsec:

Earnings and Dividends Forecast (cents per share)
2004 2005 2006 2007
EPS 73.3 61.1 14.4 40.4
DPS 12.0 20.0 23.0 25.0

FORECAST EARNINGS Last Analyst Update 20 December, 2005
EPS(c) PE Growth
Year Ending 30-12-05 61.1 5.1 -16.6%
Year Ending 30-12-06 14.4 21.5 -76.4%

The 31/12/06 forecast EPS is 14.4 and at current SP, PE will be 21. However the 31/12/07 forecast EPS is 40.4 and at current SP, PE will be 7.6. Atm doesnt have 2008 forecasts, but yeah i see your points for an upside

 

[Barndat]

Re: Macquarie Airports

Hello Chicken

Ok I need to know how far MAP will fall when it goes Ex Div 9 cents 22 Dec 05...
Will 3.02 hold up....???

Waiting to see if MAP can clear 3.13 today or will it be dumped late in the day.

 

[chicken]

Re: Macquarie Airports

Hello Chicken

Ok I need to know how far MAP will fall when it goes Ex Div 9 cents 22 Dec 05...
Will 3.02 hold up....???

Waiting to see if MAP can clear 3.13 today or will it be dumped late in the day.

NO SELL OFF..infact the market wanted more.....last sale at 4pm $3.13.....as I said before buying Copenhagen has given this stock a new lease of life see it go higher jet....there is a BIG BUYER of this stock......and they want more....

 

[RichKid]

Re: Macquarie Airports

If ex-Div date is tomorrow (22Dec) then that'll usually be when it gets sold down by the amount of the div plus the value of franking credits (as there is no franking at all that value is zero).

So we should see a fall of about 9c but that doesn't always happen and it could even climb higher or fall more or less than the div amount. I'm also watching a longer term trendline which is very near the current price action. The recent minor basing formation is encouraging. Guess I'm looking for confirmation of the correcton ending now....nothing convincing yet but it's looking favourable.

See this Ex-Dividend thread by Rozella for more in-depth discussion of the ex-div drop phenomenon: https://www.aussiestockforums.com/forums/showthread.php?t=454

 

[smrt-guy]

Re: Macquarie Airports MAP

Personally I've found stocks that are trending usually only retrace by the dividend amount and rarely include the franking credit, but of course that is liable going to change with each payout.

As for MAP, I'm liking it. As WayneL said there is some pretty strong support at $2.90 and I can't see it going below that. There may be some weakness tomorrow given we are coming into christmas and it is going ex-div, but hopefully it can test resistance around the $3.17/$3.19 level by the new year.

Time will tell

 

[chicken]

Re: Macquarie Airports MAP

Personally I've found stocks that are trending usually only retrace by the dividend amount and rarely include the franking credit, but of course that is liable going to change with each payout.

As for MAP, I'm liking it. As WayneL said there is some pretty strong support at $2.90 and I can't see it going below that. There may be some weakness tomorrow given we are coming into christmas and it is going ex-div, but hopefully it can test resistance around the $3.17/$3.19 level by the new year.

Time will tell

I THINK YOU WILL FIND $3.17 will easily be achievable..Capital Investments are still buying big..as I mentioned on the board before this stock will get a rerating in the new year and $3.18 will only be a cheap entry point..look what I said about ZFX..and no one beliefed me its hittin $6.50 just a feel I have, as Copenhagen was a great buy..and I read they are negotiating for Taiwan...after all MAP is now the largest single operator in Airports..Mexico might also be in the picture..they own 10% of a company which operates 10 Airports there....good longterm stock this..my price target is now $6...look at the low PE they got and the eaernings per share

 

[michael_selway]

Re: Macquarie Airports MAP

I THINK YOU WILL FIND $3.17 will easily be achievable..Capital Investments are still buying big..as I mentioned on the board before this stock will get a rerating in the new year and $3.18 will only be a cheap entry point..look what I said about ZFX..and no one beliefed me its hittin $6.50 just a feel I have, as Copenhagen was a great buy..and I read they are negotiating for Taiwan...after all MAP is now the largest single operator in Airports..Mexico might also be in the picture..they own 10% of a company which operates 10 Airports there....good longterm stock this..my price target is now $6...look at the low PE they got and the eaernings per share

hi if u use 31/12/06 forecast EPS, PE is 21 according to Comsec at current SP?

Also how far do u think ZFX can go? MAP you said target price of $6

Thanks

 

[chicken]

Re: Macquarie Airports MAP

hi if u use 31/12/06 forecast EPS, PE is 21 according to Comsec at current SP?

Also how far do u think ZFX can go? MAP you said target price of $6

Thanks

....ZFX...$8 or could go even higher due to Zinc price improvement....

 

[chicken]

Re: Macquarie Airports MAP

hi if u use 31/12/06 forecast EPS, PE is 21 according to Comsec at current SP?

Also how far do u think ZFX can go? MAP you said target price of $6

Thanks

Sorry by posting again but these forecasts are out of date why....COPENHAGEN and Subsidaries..eg. NEWCASTLE airport are all not included..so dont take too much notice of what the forecasters said the picture has changed....check it out...

 

[wayneL]

Re: Macquarie Airports MAP

Chicken,

In the current investment climate, where p/e's of > 14 are considered cheap, how do you explain the extremely low p/e of MAP?

Why haven't investors bid this up to the absurd multiples of other stocks?

(This is a genuine question as I'm no expert in f/a)

Cheers

 

[chicken]

Re: Macquarie Airports MAP

Chicken,

In the current investment climate, where p/e's of > 14 are considered cheap, how do you explain the extremely low p/e of MAP?

Why haven't investors bid this up to the absurd multiples of other stocks?

(This is a genuine question as I'm no expert in f/a)

Cheers

I whish I could give you an answer...what is happening with this stock the European are starting to see it on their radar screen and that means a much wider investment group is buying the stock..I can see it go higher..Also one stage MAP was on credit watch but this has now been lifted and its a stock which is getting bigger by the year...that is why I bought as I can see good upside.....and it will get arerating in 2006..you will see

 

[chicken]

Re: Macquarie Airports

No look at the fundamentals, look what MAP has got ,look how much money they make ,and ,look at a PE 6.5 and look how the company is progressing and ,look at management ,do I have to say more....this can go all the way to $6 as it would only have a PE of 13 ...the market norm is PE17....So how much is the share worth...a lot more than being paid for at present...your return is 6.7% aT PRESENT SP

As I said sell off no a few pence yes..good sign stock will go higher

 

[chicken]

Re: Macquarie Airports

As I said sell off no a few pence yes..good sign stock will go higher

Stock going through at $3.18 well we have broken the downtrend....

 

[michael_selway]

Re: Macquarie Airports

Stock going through at $3.18 well we have broken the downtrend....

Well is this uptrend goi0gn to continue or drop back down like it has been for the past 12 months?

Thanks

 

[mikeg]

Re: Macquarie Airports MAP

It has broken up through the 200MA again. The last two times which were the 26/10 and 7/12 it fell back through hard for the next 4 to 5 trading days.
If it can stay above this time then I think things are looking good.

 

[chicken]

Re: Macquarie Airports MAP

It has broken up through the 200MA again. The last two times which were the 26/10 and 7/12 it fell back through hard for the next 4 to 5 trading days.
If it can stay above this time then I think things are looking good.

It has stayed above with heavy volume...I suspect that the danes are buying at present as their PE is relatively cheap to the rest of the market I expect it to continue as a rerating of this stock is imminent...good Div I got..

 

[tdkx669]

Re: Macquarie Airports MAP

hi
It looks life MAP ready to go but i didn't understand one thing in balancesheet whats finance cost bcoz that one drive eps down.
cheers
tdkx669

 

[chicken]

Re: Macquarie Airports MAP

hi
It looks life MAP ready to go but i didn't understand one thing in balancesheet whats finance cost bcoz that one drive eps down.
cheers
tdkx669

At present the future funds are buying again...you need that sort of money to drive the share price either way..before they were selling now they are buying see the amount of money going through everyday..or hedge funds as one would say..and where else will this share be listed NY perhaps

 

[mikeg]

Re: Macquarie Airports MAP

A lot of sellers in the market seem to be holding it back again. Every time that it starts to look good, in come the sellers. What's going on.