AIA sp is very low compare to all the other stocks.
Maybe an opportunity to accumulate some for the long term portfolio?
If there was another go at AIA, I am sure the national govt would say YES.
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AIA sp is very low compare to all the other stocks.
Maybe an opportunity to accumulate some for the long term portfolio?
If there was another go at AIA, I am sure the national govt would say YES.
May be your answer is here.
From Stuff.co.nz
Auckland Airport cautions market about revenue forecast
NEW 10:00AM Thursday May 21, 2009
Auckland International Airport Ltd (AIAL) is cautioning about the market consensus of about $104 million for the retail component of its revenue for the 2010 financial year.
The company said today it believed a more likely retail revenue forecast was in the range $90m to $93m.
It appeared that the market was not sufficiently allowing for some factors, Auckland Airport said.
Those included the impact of the reversion to a dual operator duty free model which sacrificed the benefits in terms of scale, penetration and range associated with the single operator model and required the second operator to establish its market position.
Other factors were declining international passenger volumes and reduced consumer spending resulting from the global downturn, and disruption due to construction in the departures area.
The company said earnings guidance provided for the 2009 financial year was unchanged.
And down 9 cents this morning.
Good opportunity to buy some for the long term portfolio.
I bought some this morning at $1.58. :)
It was only less than 1 year that someone wanted to T/O AIA at over $3.40. So it is cheap at $1.58, esp with over 5% div yield.
AIA surprisingly strong on a weak market. :)
Hey Yankiwi, I forgot the thank you for the div info. Cheers mate.
Hey Yank, dont worry about AIA. Just put it away. This is a cheap long term stock with potential T/O target and this time round National will say YES. The div you get is better than money in the bank.
Shareprice hits 6 year low according to the paper
Nothing on the chart seems to give a reason for buying AIA since it dipped below $3 many moons ago.
Agree with bricks though that at the right time AIA will be a good stock to hold but maybe even cheaper in a month or so
Any more recent news regarding AIA that I perhaps should be aware of? I note that relative to the NZX 50, AIA's share price has under performed the index by about 10% over the last 3 months. Can't seem to note anything in the balance sheet nor the announcement which would hint at why the share price appears to be continuing a medium term downtrend. Cheers.
The only I can think of is a large seller out there still selling. Maybe IFT is a potential seller of AIA also?
I am tempted to buy more, but will wait for it to bottom out first.
I think it's just that the downturn in tourism has taken the gloss off AIA for the present. Plus a bit of a dampener from the H1N1 flu business.
I'm happy holding AIA, one of the few NZX stocks that I can say that about just now.