SYD - Sydney Airport

[chicken]

Re: Macquarie Airports MAP

now how many Airports does MAP own and has partnerships with? well this is what I know
Denamark 2 airports
Brussels
Newcastle 49%
Birmingham
Rome
Mexico 10 Airports ownership 15%
Sydney
China a 20% stake in 1 airport
if there are any others please post....passengers through their doors..near the 50 millions a year....what a profitable industry...after all they are still growing and looking to buy Taipia Airport......one to watch as they grow..hugh cashflow

 

[trader]

Re: Macquarie Airports MAP

The problem with any of the mbl entities is that they carry huge debts and
don't pay them down instead just refinance, a normal business will borrow
for expansion but with their extra profit will pay down their debt at least
to a reasonable level , map on the other hand pays out more in dividends and fees ( mainly to mbl ) than it actually earns and doesn't reduce its debt which is leveraged at nearly 90 % , this is bad business practise and dangerous.

 

[michael_selway]

Re: Macquarie Airports MAP

The problem with any of the mbl entities is that they carry huge debts and
don't pay them down instead just refinance, a normal business will borrow
for expansion but with their extra profit will pay down their debt at least
to a reasonable level , map on the other hand pays out more in dividends and fees ( mainly to mbl ) than it actually earns and doesn't reduce its debt which is leveraged at nearly 90 % , this is bad business practise and dangerous.

yeah the double management sucks, just get rid of the "macquaire" in MAP and be an independant company with a new name maybe, so dont have to pay fees to MBL

 

[Ann]

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.

Well spotted Miked,

From the 24thMay to the 17th October Capital Group Companies have been selling 14,664,213 shares.

The price is now back above the 200dEMA and both market and trader sentiment appears to be returning......an interesting one to watch.

 

[chicken]

Re: Macquarie Airports MAP

Well spotted Miked,

From the 24thMay to the 17th October Capital Group Companies have been selling 14,664,213 shares.

The price is now back above the 200dEMA and both market and trader sentiment appears to be returning......an interesting one to watch.

I understood they have just been buying up again since the takeover of Copenhagen Airport..Ann comments please

 

[Ann]

Re: Macquarie Airports MAP

I understood they have just been buying up again since the takeover of Copenhagen Airport..Ann comments please

That's very interesting Chicken, you obviously have some good sources. I generally only get it from the ASX notices.

If they are maintaining a regular buy in, they may hold off putting in a change in holding notice until the buy is completed.

I think it is better if they are buying than selling though. If it is the case, this will filter through to the traders pretty quickly and build confidence.

Time will give us the answer but I would be watching to see if the 200dEMA will support the price.

 

[chicken]

Re: Macquarie Airports MAP

That's very interesting Chicken, you obviously have some good sources. I generally only get it from the ASX notices.

If they are maintaining a regular buy in, they may hold off putting in a change in holding notice until the buy is completed.

I think it is better if they are buying than selling though. If it is the case, this will filter through to the traders pretty quickly and build confidence.

Time will give us the answer but I would be watching to see if the 200dEMA will support the price.

Ann, check the announcement dated the 20.12.2005....Capital in fact bought not sold shares.....

 

[Ann]

Re: Macquarie Airports MAP

Drunk again Chicken!

I missed that. Getting old and slow...

OK Now let's try that again.....

From the 18th October to the 16th December they bought 16,234,457 shares. Now wonder the indicators were kickin' up a bit.

EDIT. What's that old saying...sell high buy low. Well I guess they did just that. How can you compete Chicken?

 

[mikeg]

Re: Macquarie Airports MAP

Things starting to look better now. Hopefully this time it will break through resistance. Still got a bit to do as shown on the Weekly Chart attatched.

 

[chicken]

Re: Macquarie Airports MAP

Steady as she goes.....will go another 3-6 cents higher....tomorrow....

 

[chicken]

Re: Macquarie Airports MAP

now how many Airports does MAP own and has partnerships with? well this is what I know
Denamark 2 airports
Brussels
Newcastle 49%
Birmingham
Rome
Mexico 10 Airports ownership 15%
Sydney
China a 20% stake in 1 airport
if there are any others please post....passengers through their doors..near the 50 millions a year....what a profitable industry...after all they are still growing and looking to buy Taipia Airport......one to watch as they grow..hugh cashflow

I understand Bristol needed to be mentioned as I left it out..ouch we all make mistakes.....

 

[tdkx669]

Re: Macquarie Airports MAP

hi
Any one got idea whats happen with MAP bcoz yesterday its gone upto 3.31 and again come back to 3.25. It looks like it make another triangle pattern.Any one got suggestion?

 

[MAPfan]

Re: Macquarie Airports MAP

Not sure, but it looks good, am holding long term, yield plus growth

 

[chicken]

Re: Macquarie Airports MAP

Not sure, but it looks good, am holding long term, yield plus growth

Mapfan....yes its looking A LOT BETTER....I think the Europeans are seeing a huge upside here...Accumulation taking place..hold on to your shares $4 not far away could go quickly to that price.... wooooosh

 

[trader]

Re: Macquarie Airports MAP

Anyone thats interested , if you have digital TV macquarie have got a channel
on there and they have the boss from MAP actually talking about copenhagen airport and other strategies, I think they repeat these segments all the time.

 

[MAPfan]

Re: Macquarie Airports MAP

Thanks trader, but cant get that on my tv, what are they saying, anything of particular interest?

 

[michael_selway]

Re: Macquarie Airports MAP

Hi the thing about MAP im wondering about is on Commsec

Earnings and Dividends Forecast (cents per share)
2004 2005 2006 2007
EPS 73.3 61.1 12.8 38.2
DPS 12.0 20.0 23.0 25.0

in 2006 their forecast is very low but in 2007 it recovers a bit to eps 38.2c, but not as high as it was in 2005 eps 61.1c. So in 2008 (forecast) is it going up? stable? down?

 

[chicken]

Re: Macquarie Airports MAP

Hi the thing about MAP im wondering about is on Commsec

Earnings and Dividends Forecast (cents per share)
2004 2005 2006 2007
EPS 73.3 61.1 12.8 38.2
DPS 12.0 20.0 23.0 25.0

in 2006 their forecast is very low but in 2007 it recovers a bit to eps 38.2c, but not as high as it was in 2005 eps 61.1c. So in 2008 (forecast) is it going up? stable? down?

Through the grapevine I hear MAP will be putting in for 10 Airports in Saudi Arabia...I wonder....

 

[MAPfan]

Re: MAP - Macquarie Airports

I hope you are right Chicken, as more airports drive share growth for map

Aegis have a $3.91 12 month target and rate as a buy
Investor web also rate as buy

In response to the eps comment, with infrastructure stocks, given non cash expenses such as depreciation, in my opinion it is important to look at operating cash flow and that has been rising for Map; thats driving share price and divs I believe :goodnight

 

[slimtrader]

Re: MAP - Macquarie Airports

Bloomberg broker consensus target at 3.70. 7 out of 9 analysts rate stock a buy (other 2 - hold).