Forum Archive Index - September 2001

["Russell Garland" <thames@somsmith.co.nz>]

420m shares at $3.80,  not $2.80 Gerry.  (actually now $3.73 = market cap NZD1.56M)

 

Russell

 

-----Original Message-----
From: G Stolwyk <stolwyk@wave.co.nz>
To: sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Sunday, 9 September 2001 23:08
Subject: [sharechat] Syney Airport and AIA - How do they compare?

 

The website below refers to Sydney Airport making a $ A 43 mill. profit last year compared with AIA which made $ NZ 59.1 mill.

 

Yet, the Sydney Airport could be sold for at least $ A 5 Bill. while NZ investors rate AIA to be worth only $ NZ 1.176 Bill. ( 420 mill. shares * $ 2.80 ).

 

I was warned some time ago that the Auckland Airport was underrated but I thought that the Sydney Airport Corporation tender was for some $ A 3.5 Bill.

 

The Macquarie Bank is forming a large Airport Trust and is a bidder. 

 

In my opinion, the AIA price should be much higher and one  would expect a flow-on effect on AIA once the successful Sydney tender becomes known!  See:

 

http://www.smh.com.au/news/0109/09/national/national8.html

 

 

The site of AIA :

< http://www.auckland-airport.co.nz/Welcome.html >

 

 

AIA holders, what is your comment?

 

Gerry