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SYD - Sydney Airport

Discussion in 'Stocks Q-Z' started by el_ninj0, Feb 22, 2005.

  1. el_ninj0

    el_ninj0

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    Hello, I am looking for some information on MAP as listed on the ASX, I have been following them for a while now, and they have seemed to drop a substantial ammount in the past week. Can anyone give me an explanation as to why this might have happend?

    Thanks.
     
  2. doctorj

    doctorj Hatchet Moderator

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    Re: Maquarie Airports

    Could it be their 10% purchase of an airport in Copenhagen? Many suggest that they've bought a minority stake at the top of the price cycle for this particular airport without a large enough stake to bring in their management changes that have been successful elsewhere.
     
  3. el_ninj0

    el_ninj0

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    Re: Maquarie Airports

    While I looked at the 11.3% purchase of the Copenhagen airport, I beleive that this was a good strategy, as it increases their market capital and raises revenues. Which is what I think a good company should do. Also, If what you say was the case, then wouldn't you sugest that the directors of this company have been negligent in purchasing an asset for the company that will downgrade its share prices?
     
  4. doctorj

    doctorj Hatchet Moderator

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    Re: Maquarie Airports

    10% close enough to 11.3% when going from memory, right? :)

    Directors have a fidiciary duty to maximise shareholder VALUE, not the share price. If the market and the directors agree, then they move in the same direction. If not, there's a divergence. Though, with MAp's management history, you would think any divergence is only short term. I don't have the charts with me, but perhaps this is a buying opportunity.
     
  5. el_ninj0

    el_ninj0

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    Re: Maquarie Airports

    I would defintely say its a buying opportunity. MAPs management history looks pretty damn good to me, I just cant see why the market would react in the way it has towards a positive announcement.

    Also, currently, its a sellers market, so why do people continue to sell at extremely low prices? when they could clearly be getting a much better price for their stock.
     
  6. GreatPig

    GreatPig Pigs In Space

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    Re: Maquarie Airports

    Here's a chart of MAP. Current price today is $3.15.

    Cheers,
    GP
     

    Attached Files:

  7. el_ninj0

    el_ninj0

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    Re: Maquarie Airports

    Thanks for the chart, Interesting information on it. This is the biggest fall MAP has had since it first floated. Thats why im cautious about it. I can really only see it going up from where it is at the moment.
     
  8. emily

    emily

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    Re: Maquarie Airports

    MAP sure has a good historical management, duno wot trigger the fall however it should go up... makes sense that the purchase of an asset is to increase revenue...
    I'v been following MAP for a while now, and im hoping its not a negligence from the director, otherwise good game MAP


    emily
     
  9. el_ninj0

    el_ninj0

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    Re: Maquarie Airports

    I agree emily, they have been going very well for the past 2 years. But I think it would be interesting to know what did trigger the hefty fall of the past 1-2 weeks. Im sure they will go back up, just when is the answere...
     
  10. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Maquarie Airports

    That long candle down suggests panic overselling, I'm looking for another higher low for entry at about 45 degrees, may bounce off lower trend line but it looks ok.
     
  11. chicken

    chicken

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    Re: Macquarie Airports

    I bought into this company 2 days ago...why...check their report..assets have increased ,to over 4 billion $$$ their earnings to 73c EPS...their PE is 4.5....Auckland airport shares were last year $3...now trading about $8...so this group much larger plus good management plus pays DIVIDENT..plus I say it will go MUCH higher because its a joke a company with PE4.5.... UNDERVALUED by the market..also reading SMH...they are saying that 19billion $ is going to hit the market next months..so fundmanagers will be looking at stocks such as MAP..I am on board and very comfortable with it..what is it worth $5 to $10.....you be the judge my target is at least $6 as even a PE of 9 is low.... :2twocents
     
  12. el_ninj0

    el_ninj0

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    Re: Macquarie Airports

    I agree chicken. I sold mine at 3.37 after buying at 3.16, So I made a lil, but nothing significant. But I can see a strong come back on MAP aswell. Couldn't say when, mabey in 2 days or 2 weeks. I need some graphs so i can post better, :), Like tech/a does.
     
  13. GreatPig

    GreatPig Pigs In Space

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    Re: Macquarie Airports

    Current chart of MAP.

    Cheers,
    GP
     

    Attached Files:

  14. chicken

    chicken

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    Re: Macquarie Airports

    Did anyone go to the meeting....as I like to hear some comments....please?
     
  15. chicken

    chicken

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    Re: Macquarie Airports

    Looks like the shareprice does the talking...should go a lot higher..... :2twocents
     
  16. mime

    mime

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    Re: Macquarie Airports

    high oil prices?
     
  17. el_ninj0

    el_ninj0

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    Re: Macquarie Airports

    Airlines pay for fuel, not airports.
     
  18. chicken

    chicken

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    Re: Macquarie Airports

    It seems to want to go higher...anny comments ?
     
  19. el_ninj0

    el_ninj0

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    Re: Macquarie Airports

    Very high volume today, depending on the market conditions tommorow, i'd expect to see either a small increase or a very large increase.

    Might be a good time to get back in.

    Wish I had some spare cash, i'd definetely be backing it.
     
  20. son of baglimit

    son of baglimit

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    Re: Macquarie Airports

    apparently the inbound passengers & flights to rome have increased this week - who owns rome airport ??
     
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