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AIA, AUCKLAND INTERNATIONAL AIRPORT LIMITED
plastic
post Posted: Mar 26 2020, 08:32 AM
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Posts: 9,812
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Unemployment just went up with a bang. Ninety contractors sounds ok. But if they are head contractors, how many hundreds or thousands underneath the ninety?

This lock down is an exercise of social control with unbridled state powers and technologies usually reserved for Banana Republics run by military juntas. Much like Chile and Argentina, Panama and El Salvador and any number of African countries. The virus is not legitimate enough to cause this economic and social chaos.

A response, economic and/or social will be forthcoming in due course and the we will find out Jacinda's actual purpose. So far, it looks like they wish to promote work from home (end of 9-5 routine?) and distance or online education (cuts coming at universities and reduced fees. No more Ivory Towers). Can you imagine the effect that will have on traffic in the main centres? The economic cost of slow moving traffic is massive.Not to mention parents being able to take kids to school, tax deductions for home offices off the mortgage, reduced student loan burden etc. etc. Thats a lot of efficiency gains made in one fell swoop.

In effect, social change is being implemented in the name of a virus under martial law. We are yet to see the economic response.
QUOTE
Auckland Airport provides market update on its response to COVID-19 Following the outbreak of COVID-19 and the sudden impact on tourism and aviation markets, Auckland Airport today provided a further update on its response to the pandemic. Chief Executive Adrian Littlewood said Auckland Airport had moved quickly to respond to the swift reduction in flight and traveller numbers, with international passenger numbers expected to be close to zero in the near term. "Our first priorities have been to respond to the daily changes announced by the Government and airlines and to keep our people and passengers safe and well. We are working hard to maintain our airport operations so people can get home and to support the Ministry of Health and border agencies in protecting New Zealand from the spread of COVID-19. "Auckland Airport is a resilient business, but these are unprecedented times and we are now moving quickly to identify ways that we can manage the impact on our organisation. As we face an uncertain future, we are having to make some tough decisions." Mr Littlewood said Auckland Airport had taken steps to confirm its liquidity position and introduced measures to substantially reduce its future operating costs and capital expenditures. o Auckland Airport has unrestricted cash of $340 million and an additional $485 million of undrawn bank facilities. o Today Auckland Airport has decided to suspend selected capital expenditure projects with a completed value of more than $2 billion, until there is more certainty about future market conditions. o In its recent interim results, Auckland Airport demonstrated strong operating cost control and in the current environment that focus is being accelerated with the elimination of all discretionary spend where possible. o These follow earlier decisions from Auckland Airport to withdraw earnings and capital expenditure guidance for the current financial year to 30 June 2020, and to cancel its interim dividend. Mr Littlewood said a small number of projects were still under review, but those suspended included the second runway, the Domestic Jet Hub, a multi-storey carpark, Park & Ride South and construction of the 146-room Mercure Hotel near the airport shopping centre. "Our long-term plans remain the same, but until we know more about how long the market will take to rebuild and recover, it's not possible to keep these projects open, on hold and continuing to generate significant costs. "While some of these projects were in construction, several were about to start so it was important that we made these decisions early before physical works began on site. "For many years we have been working towards our ambition to build New Zealand an airport of the future, so for our partners and the team here at Auckland Airport, it is enormously difficult to see progress stall." Mr Littlewood said Auckland Airport remained committed to completing a number of key infrastructure projects, including construction works associated with various roading projects and upgrading the runway pavement. "The runway pavement works have long been planned, and we are absolutely committed to this project and working through the detail of when we complete the works, while maintaining safe and reliable airfield operations." Auckland Airport is also consulting with a large number of its employees around a proposal to reduce hours and salaries by 20%. The Board of Directors, the Chief Executive and the Leadership Team have already agreed to reduce their remuneration by 20%. Over the last week Auckland Airport has also made the difficult decision to release about 90 fixed term and independent contractors, who are working in positions that are no longer needed given the current circumstances. These roles do not relate to essential airport services. "The decision to release these contractors was not taken lightly. Many of these people have strong connections to Auckland Airport and we are very sorry to see them go," said Mr Littlewood. "Auckland Airport has been serving New Zealanders for more than 50 years, and we are working hard to ensure we are in a strong position to rebuild quickly once market conditions improve. I would like to thank our people for all the professionalism and dedication they've shown at a really challenging time." Auckland Airport will continue to keep the market updated as significant new information emerges.




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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 9 2020, 01:55 PM
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Usually there is barely a trickle of shares being traded in AIA. Recently there have been multi-million share trade days taking place. Today its over 3m and price is dropping.

What's the sting in the tail?



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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 21 2019, 02:06 PM
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Is there no end to this sp growth for an over indebted property development company with gangster capitalist business practices?



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 27 2019, 03:33 PM
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Even though the price is cracking on it looks like someone is exiting rather than entering. Getting out while the going is good. This thing is loaded up with so much debt it is ridiculous. PE through the roof as well.



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What did Uncle Mel do to us?
 
theking
post Posted: Feb 16 2010, 03:10 PM
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THEKING today took up his small rights issue to pay AIA purchase of the two Oz Queensland airfields a good step in the RIGHT direction AIA is starting to match the Oz company MAP..

 
macduffy
post Posted: May 12 2009, 02:59 PM
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In Reply To: arty's post @ May 12 2009, 02:39 PM

I suppose that volume will always be an issue here, given that AIA is a NZ company with most trading taking place on the NZX.
Today's volume, about 1.7m on NZX v about 400k on ASX.

 

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arty
post Posted: May 12 2009, 02:39 PM
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In Reply To: johnel's post @ May 12 2009, 02:32 PM

rolleyes.gif You could have a point there, John;
you could also mention the possibility of a double bottom (10/03 to 1/05) developing.
But the clincher that keeps me out has been the very irregular - at times completely missing - volume.
What if I need the cash, or - Heaven forbid! - it's necessary to head for the exits?

IMO, there's better prospects elsewhere.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
johnel
post Posted: May 12 2009, 02:32 PM
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In Reply To: macduffy's post @ Oct 7 2008, 05:49 PM

Anyone have any thoughts on this one? could be setting up for a buy in the near future, vol is some times quite poor but I feel enough for small vol trades. MACD has been rising for some time.
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macduffy
post Posted: Oct 7 2008, 05:49 PM
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In reply to: theking on Tuesday 07/10/08 03:31pm

I agree with that.

AIA SP has never recovered from the hammering it took after govt interference in the attempted takover by the Canadian pension fund.
I don't like airlines but airports are a different matter and AIA is one of the best IMO.

Disc: AIA is one of my bigger holdings.

cool.gif



 
theking
post Posted: Oct 7 2008, 03:31 PM
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AIA dropped to $NZ1.80 today which makes cheep real estate BUY for an airport,Pays good div`s and headed in the right direction, Cheaper than MAP & AIX together take a LOOK.. king.gif

 
 


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