The block trade was widely distributed amongst local and Aussie fund managers and institutions, as well as some of the retail brokers. I don't think we will see a major move in SSH.
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There you are. Trading at $8.10 this morning and solidly bid. Pricing coincides the block trade agreement figure, which has some logic.
And see Lego Man's post #1731 above. So much more stability from now on. I wonder how happy the ACC elected members are with the price fall since they debated selling down?
Blackrock increased their holding by 1%
http://nzx-prod-s7fsd7f98s.s3-websit...845/402519.pdf
I recently transited thorough Auckland Airport.
I purchased a bottle of booze at duty free. There was only a small price advantage over paying full taxed retail at a bottle shop. The inconvenience of carrying through customs and in my case through security to make a connecting flight made me question the purchase.
Do others have an opinion on this. Will this retail strategy have a detrimental effect on the rental income AIA derives from duty free?
Boop boop de do
Marilyn
Not bought DF for years.
Minimal cost benefit vs a large PITA (pain in the as$) in carrying through a terminal and then on to a connecting flight. Most of the time go carry-on so is an extra PITA.
Literally millions of people walk through your store every year on the way to/from flights, and while high priced real estate I guess they must get enough business.....
As for security when you can't take water on flights but can take 3 litres of duty free.......
Airports have maxed out what they can charge duty free stores so that will limit future profitability. Same with charging airlines, they charge so much that no startup airline can get established. Just hurts future profitability.
The opposite of "always create more value than you take" method of business.
https://www.nzx.com/announcements/426616
1H24 results: International travel demand sees Auckland Airport deliver improved half-year result as it invests for the future
Auckland Airport today announced its financial results for the six months to 31 December 2023.
Auckland Airport Chair Patrick Strange said: “Global demand for travel saw Auckland Airport deliver a solid result in the first half of the 2024 financial year, with continued growth in our international network as airlines expanded capacity and new entrants joined the market. North America has been a particular highlight, where more people are now travelling to and from Auckland than ever before. While the outlook continues to remain positive, we may see the rate of growth slow over the second half of the financial year as the local aviation industry faces into economic headwinds.”
Key performance data for the six months to 31 December 2023:
• Total number of passengers 9.3 million
• Domestic passengers of 4.3 million, and international passengers (including transits) of 5.0 million
• Revenue of $440.5 million
• Operating EBITDAFI of $310.2 million
• Reported profit after tax of $118.7 million
• Earnings per share of 8.05 cents
• Net underlying profit after tax of $145.7 million (1)
• Net underlying profit per share of 9.89 cents
• An interim dividend of 6.75 cents per share will be paid
What an interesting face off in the up coming negotiation. 2 ex-Air NZ vs 1 current LOL.