SYD - Sydney Airport

[chicken]

Re: MAP - Macquarie Airports

Looks as if the shorts are nearly ALL gone just 2 million left witch had a position of 34million...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.....

As I said before should go higher from here

 

[Kipp]

Re: MAP - Macquarie Airports

well commsec can sucks eggs. EPS a little more like 45c according to their annual report.
Bought me a small chunk at $3.03, and good to see SP is slowly creeping up after the hammering it took in Jan/Feb...

 

[tdkx669]

Re: MAP - Macquarie Airports

I am more confident in stock when Nicholas Moore buy bcoz he is founder of MIG as well.I don't understand their structure or how it works but I found its good yield stock.

 

[MAPfan]

Re: MAP - Macquarie Airports

On its way up, yield too high at this SP :goodnight

 

[michael_selway]

Re: MAP - Macquarie Airports

On its way up, yield too high at this SP :goodnight

yeild is unfranked though so needs to be taxed

 

[MAPfan]

Re: MAP - Macquarie Airports

Only part of the yield is taxed, mostly tax free distributions but reduces the CGT cost base when you sell..tax deferral at its best

 

[justjohn]

Re: MAP - Macquarie Airports

up 8-9%this week from a low of $2.98 hope everyone topped up, recieved dividend also .Happy days

 

[kariba]

Re: MAP - Macquarie Airports

Hi guys

I dont wish to bag MAP, but I sold out late last year for a 5% profit after holding for over 1 year. Got sick of the sideways pattern thru 2005. Sold early October & moved into OXR & made 80% in 2 months. Stocks are cyclical & map had a fabulous ride upto 3.50, but has traded in a range for some time now.

Interest in infrastructure stocks are low ATM, so I will wait for the market to 'fall in love' with MAP again before I get back in. Also that 3.32 mark is the one to watch! If it breaks thru that then I am in.

All the best

 

[Kipp]

Re: MAP - Macquarie Airports

Have any MAP fans been following the articles in the AFR this week Re: Rome Airport? There is speculation that Gemina and Save [other Airport owners] will merge and possibly put a bid on MAPs Rome stake. MAP is saying it has no intention of selling which has me baffled because it is underperforming relative to their other assets. Sorry I can't attach the articles cause I don't have an online subcription to AFR.
SP has retreated a little bit but this sounded like pretty positive news to me. [Plus Macquarie equities claims that the actual value of Rome Airport may be closer to 4.3 bill, rather than 2.4 bill as valued by MAP at 31 Dec.]
Any thoughts?

 

[MAPfan]

Re: MAP - Macquarie Airports

Its all good news, shows the potential of map, if they can sell or take over Rome. Other articles on the BAA takeover as well show more potential for map. Could be a great year for map.

 

[MAPfan]

Re: MAP - Macquarie Airports

up 9c , mbl increased holding and Finally its broken through 3.30..where to now?

 

[michael_selway]

Re: MAP - Macquarie Airports

up 9c , mbl increased holding and Finally its broken through 3.30..where to now?

Do u reckon at 340 woudl be a good sell price?

thx

MS

 

[nizar]

Re: MAP - Macquarie Airports

Do u reckon at 340 woudl be a good sell price?

thx

MS

for me personally, this is one of those stocks where u buy on the dips, hold for years and collect divvies along the way.

this will be a $10 share in a few years time... all those acquisitions will pay off...

 

[michael_selway]

Re: MAP - Macquarie Airports

for me personally, this is one of those stocks where u buy on the dips, hold for years and collect divvies along the way.

this will be a $10 share in a few years time... all those acquisitions will pay off...

the thing is the price they paid for the assets were to high, and have now dropped in value i think?

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 68.8 34.6 53.4 17.8
DPS 20.0 25.0 27.5 30.0

Tim Poole Interview
One of the biggest players in the listed infrastructure market has warned that the sector is heading for a fall. In a video interview with Alan Kohler, Tim Poole, the managing director of the Hastings Funds Management group, also tells why he believes that Macquarie Bank's exceptional fee arrangements are a “cause for concern”.

http://www.sharecafe.com.au (video at the bottom of site or here below)

http://www.eurekareport.com.au/iis/iis.nsf/pages/A1EC2853801D3AE0CA257128007E1FD4/$file/060301 TPOOLEAK VIDEO.wmv

 

[justjohn]

Re: MAP - Macquarie Airports

Dont get to paranoid about MAPs EPS for 2007 because the way they trade there assets its going to change from year to year

 

[MAPfan]

Re: MAP - Macquarie Airports

Hi MS

I have no idea what a good sell price is for you...its up to you...I'm patient and waiting to see Maps next move re BAA

 

[Kipp]

Re: MAP - Macquarie Airports

Well... MAP forum has been pretty quiet lately amid the commodities boom, but the SP is still trickling along nicely- a crazy rush at close of trade today to 3.44- sweet.

Has anyone else been following the AFR lately about MAP having the option to buy Ferreo (em, not sure on spelling there) stake in Sydney or Bristol due to competition laws? Why would MAP want to own a greater (i.e. 80%) stake of Sydney compared to its European airports it looks pretty awful in terms of growth rate in traffic and revenue.
It does not look like a good option to take. Bristol maybe.

 

[MAPfan]

Re: MAP - Macquarie Airports

I think that shows that Sydney has great growth prospects..so am happy Map will pick up more..commentators say that the major hub airports like Syd will do well in the future

 

[MAPfan]

Re: MAP - Macquarie Airports

Looks good after AGM..hopefully will be rerated in view of bids for BAA
Yield is great too

CEU is cheap too, could be another Hills?

Hope so just love such infrastructure stocks good yield and great growth

 

[Kipp]

Re: MAP - Macquarie Airports

All threads seem to go quiet when the bear steps in... is anyone hear taking part in the Security Purchase Plan? I am racking my brain trying to calculate/estimate the average Price/Share will be (given that it is calcluated on a weighted average for this weeks trading (discounted 2.5%). 1st MAY High-Low 3.28-3.22, 2nd MAy 3.25-3.21 Today 3.20-3.12. So roughly... that makes the average SP this week $3.21 (not including any weighting but vols roughly 4.8mill each day), which isn't so great given that MAP closed at $3.15 today... (and could possibly lose more ground on Thurs and Fri at this rate).

However, the discount alone + no brokerage is really incentive enough for me to take the SPP, but the current downhill trend isn't so promising....

Just flicked through ASX annoucements, very positive news for Copenhagen's 1st QTR (operating profit up 11% and NPAT up 32%). So maybe the downtrend will flatten out. On 6month chart support looks like it should be around $3.15. But conversely, reading off the 3 month chart, MAP has just breached support of ~$3.22. (But I'm no Techie).

Chicken, MAPfan, your thoughts would be appreciated.