SYD - Sydney Airport

trader said:

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.

Click to expand...

mikeg said:

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.

Click to expand...

Ann said:

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.

Click to expand...

chicken said:

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

Click to expand...

Ann said:

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.

Click to expand...

chicken said:

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

Click to expand...

MAPfan said:

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

Click to expand...

michael_selway said:

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?

Click to expand...