SYD - Sydney Airport

[MAPfan]

Re: MAP - Macquarie Airports

Chicken, just heard from investorweb

MAP May Sell Rome Airport Stake - Citigroup

1108 [Dow Jones] STOCK CALL: Citigroup suggests periodical review of assets could see Macquarie Airports (MAP.AU) put non-controlling interest in underperforming Rome airport on block. "With a potential catalyst in the stock in the form of a likely 50 cents per share capital return from the sale of its interest in Rome Airport, and attractive distribution yield of 7.1%pa, we view MAP as an attractive investment," broker says. Keeps stock at buy, raises target to A$4.00 from A$3.90. MAP down 2 cents at A$3.23. (LMF) :goodnight

 

[nizar]

Re: MAP - Macquarie Airports

on fnarena.com

out of 8 brokers: 5 say buy or outperform, 2 say neutral and 1 avoid..

average price target is $3.72..

good yield, good growth prospects, this one seems a winner, i only wish i got some when it was under $3... maybe it will get there again this month with the volatility we're seeing..

 

[MAPfan]

Re: MAP - Macquarie Airports

thanks nizar, Ive been buying them for 20 months and still like their med- long term :goodnight propects

 

[tdkx669]

Re: MAP - Macquarie Airports

HI
I am suprise why its going down with every good news? Any one got idea.
cheers

 

[trader]

Re: MAP - Macquarie Airports

They carry to much debt and pay all their profits out in fees to MBL or in
dividends , I think they even had to borrow more last time just to do that.
MIG does the same. This is like a personal invester buying one house after
enough , paying ever only the interest and sometime even getting the house
revalued just to borrow a bit more to spend.

 

[nizar]

Re: MAP - Macquarie Airports

They carry to much debt and pay all their profits out in fees to MBL or in
dividends , I think they even had to borrow more last time just to do that.
MIG does the same. This is like a personal invester buying one house after
enough , paying ever only the interest and sometime even getting the house
revalued just to borrow a bit more to spend.

In theory u are right, except look at the cut-and-paste from westpac broking iv put below...

earnings is more than dividends in all cases except this yr... which is why? i dunno...

and yeh fundamentals say they have too much debt, i mean they paid like $100m+ in fees to MBL in 2005, but investors would have doubled their money... do u really care about fees if ur doubling ur money??

borrowing to invest means the business is growing, all this borrowing now is for an investment, the payoff will come...

MAP since it floated was always structured in this way, and the market has always supported it with high volumes and high sp growth...

Earnings and Dividends Forecast (cents per share)
Curr 2005 2006 2007
EPS 73.3 59.7 14.7 40.2
DPS 12.0 20.0 23.0 25.0

Just my view.... and analysts say... they like it too... 7% yield is nice...
remember wat warren buffet said, by for yield and the capital growth will come...

 

[chicken]

Re: MAP - Macquarie Airports

They carry to much debt and pay all their profits out in fees to MBL or in
dividends , I think they even had to borrow more last time just to do that.
MIG does the same. This is like a personal invester buying one house after
enough , paying ever only the interest and sometime even getting the house
revalued just to borrow a bit more to spend.

Trader NO FEES WERE paid to Macquarie for the first half as the SP was up the shute...now perhaps they will earn some fees the 2nd quater..right the reason the sp is falling because the brokers are shorting this stock unbelievable..they are selling stock and have no script..all the brokers are doing it check the shortsells at the ASX....this is good stock but will take a little longer to come right....the broker are shorten this stock all the time..someone will pay in the end......looks as if some brokers or dealers are deep in the shute with this one...time will tell

 

[TheAnalyst]

Re: MAP - Macquarie Airports

I have been looking at the map installment warrants and think i like the leverage any opinions??

 

[chicken]

Re: MAP - Macquarie Airports

I have been looking at the map installment warrants and think i like the leverage any opinions??

I heared you are a gun in this department.....installment warrants...Brussel report was great....

 

[TheAnalyst]

Re: MAP - Macquarie Airports

I heared you are a gun in this department.....installment warrants...Brussel report was great....

Have you tried installment warrants Chicken?? if you need a hand i am happy to help

 

[TheAnalyst]

Re: MAP - Macquarie Airports

I picked up my installments today.....at 45.5 cent...this things p/e is to low and deutsch bank have them as a buy in todays financial review

 

[chicken]

Re: MAP - Macquarie Airports

check...www.asx.com.au/data/shortsell.txt now what is going on MAP has now the largest NO of shortsold shares on the market...$100million$$ worth..anyone could shed some light on that...its been going up everyday...anyone with an idea..or 32million shares..check it

 

[michael_selway]

Re: MAP - Macquarie Airports

I picked up my installments today.....at 45.5 cent...this things p/e is to low and deutsch bank have them as a buy in todays financial review

I checked comsec forecasts

Earnings and Dividends Forecast (cents per share)
004 2005 2006 2007
EPS 73.3 59.7 15.1 46.9
DPS 12.0 20.0 23.8 25.0

I like it, the only thing that worries me is the 2006 EPS, for soem reason its very low, compared to the other years

 

[tdkx669]

Re: MAP - Macquarie Airports

I didn't see such a worst performing share in market. Any one got idea whats going on with that?????????

 

[justjohn]

Re: MAP - Macquarie Airports

2005 full year report due out 22/2. This will tell us more, but still a great yielding stock of around 7.5%. A good long termer.

 

[tdkx669]

Re: MAP - Macquarie Airports

ITs very hard to believe MAP is keep going down. Next support looks like near 2.93. Any one got any suggestion
cheers

 

[michael_selway]

Re: MAP - Macquarie Airports

2005 full year report due out 22/2 this will tell us more , but still a great yielding stock of around 7.5% a good long termer.

Dude its not all about dividend yield, its more about EPS.

You can see on comsec that EPS is forecast to decrease the next few years.

Although their DPS is increasing? Increased debt maybe?

Earnings and Dividends Forecast (cents per share)
......2004 2005 2006 2007
EPS 73.3 59.7 15.1 46.9
DPS 12.0 20.0 23.8 25.0

thx

MS

 

[cubsfan]

Re: MAP - Macquarie Airports

The bird flu is still present and spreading, I'm hoping that will hit Map's stock so I can get in cheaper. I love owning monopolies

Anyone know why comsec has forecast MAP's EPS at 15.1 cents?
Would it be because of the dilution of earnings due to a larger number of shares outstanding?

 

[chicken]

Re: MAP - Macquarie Airports

Looks as if the shorts are nearly ALL gone just 2 million left which had a position of 34 million...must have cost that dealer a LOT OF MONEY...good show hope he lost plenty...from here on we should see better prices....great stock this.....

 

[zoo]

Re: MAP - Macquarie Airports

Gotta love the assets...25c 07 distribution gives a nice earning stock. Land bank a goldmine for future growth.Will continue to hold and enjoy the growth, would like some more under $3 tho...lol