AIA considering selling their stake in North Queensland Airports
https://www.nzx.com/announcements/312664
Boop boop de do
Marilyn
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AIA considering selling their stake in North Queensland Airports
https://www.nzx.com/announcements/312664
Boop boop de do
Marilyn
yeh i had a look at this yesterday. I read this page for the background
Attachment 9383
Mackay looks to be a drag on passenger numbers
Cairns not growing sufficiently to compensate
They paid about $110 The asset is held at about $75m
I guess it makes sense to divest with the upcoming capital requirements for AIA but then when I think about it more, actually - money is cheap these days and they would appear to be getting a good return on their NQA investment.
Not sure what its worth is now -
The sale of AIA's stake in North Queensland Airports is announced.
It seems the proceeds will be used on facilities upgrades rather than lining shareholders pockets.
https://www.nzx.com/announcements/313062
Boop boop de do
Marilyn
good profit though,
As per many stocks there has been a nasty downturn recently and I bought more at close yesterday based on the exact 61.8% retracement
Certain posters here will take this as a signal to sell AIA!
http://www.nzherald.co.nz/business/n...980547&ref=rss
;)
I hold.
I like the sale being used to fund the current investments. I'm just starting to wonder if the sale is being used to fund rising construction costs, or that the capital allocation that was previously forecast was well below the real cost. The FY17 presentation had total capital forecast at 410-460m.
You need to consider their relative growth rates peat. Analysts on average for AIA are expecting an EPS growth rate of just 5% in FY19 relative to FY18 and the same in the subsequent year. I would say looking at that comparative ATM is genuine value on a relative growth basis as its growing much, much faster than any of those companies.