AIA (6) 3/22/2004

[trendy]

Where have all the buyers gone [?] One good at market sell order and the price will fall to 6.10 on current depth.

BUY
SELL

BUY QUANTITY PRICES PRICES SELL QUANTITY
117 632 634 719
2,000 625 635 10,420
1,000 610 636 6,942
0 0 638 10,440
0 0 640 3,500



3,117 32,021

[nelehdine]

Shares have had a tremendous run the last few days ... an eye-watering rally from 637 to 675 in 4 trading days. A classic AIA "buy on the dips" opportunity to add the best run co. to your portfolio ... and NEVER sell !!!

Disc: Keep adding more AIA to shares held since float !!! Largest holding in portfolio by comfortable margin !!

[Lawso]

Couldn't agree more, Nele. AIA is one of my stars too.

I wonder if the big jump today has anything to do with something I half-heard on radio today - that the Defence Dept had made some statement about the future of Whenuapai. I missed the gist of it - did anyone else hear it?

Last week the Waikato Times reported a $51 million programme to develop Hamilton airport over the next five years into a major international and domestic airport, with enlarged terminal and extended runway. Airport CEO said it would be the second major airport in the North, making Hamilton to Auckland what Luton is to Heathrow.

I don't know if you can put the last nail in the coffin of a dead duck, but that's how I feel about the Whenuapai Airport nonsense.

[skinny]

Well done everyone, I hold a few too ;)

I like airports in general given there semi-monopoly charcteristics and have been busy accumulating shares in the Oz stock AIX which owns stakes in Melbourne, Darwin and Perth airports as well as some export-focused sea ports. With a p/e of only 7.7 and a div yld of 6.7% its a great buy IMHO.

[Lawso]

Well done, Skinny. Sadly :( my experience in Oz has been the opposite because I went into the Macquarie Airports (MAP) float with high hopes. The company has never performed, despite having an airport monopoly in the Greater Sydney region [B)] Clearly Macquarie paid too much but, comparing Sydney with AIA, good/bad management must also have a lot to do with it.

I'll have a look at AIX. Thanks for that.

[Lawnmower]

Want a airport company about to expand ? try Infratil :D
Think final decision due out shortly

[nelehdine]

AIA has been expanding for the last 10 years Lawnmower ... faster than most airports Infratil will ever own !!!

[skinny]

Presuming Banks is not just full of hot-air again any thoughts on what the sale of ACC's share in AIA would imply for the share price short and long term ? An institutional placement perhaps ?

http://www.stuff.co.nz/stuff/0,2106,2877384a13,00.html

Personally I would prefer ACC to keep its holdings as regulatory risk must rise if the gamekeeper in no longer on board ;)

[Placebo]

Nobody seems to have commented on this, so I will ;)

AIA has been on a bit of a ride lately (slightly off today), but still up well over 720. No particular reason seems evident but obviously plenty of market confidence in tourism market and AIA's positioning as the main gateway.

disc: Holder.

[limegreen]

Results due to be released Thursday. New airline flying in sunday (Norfolk Jet). New projects underway (admittedly mostly to accommodate extra security). Anticipated rise in profit (due I think more to non-core businesses)

disc: Sold when hit $6; realised my folly, and glad to be back on board!

[Placebo]

Liftoff!!

REL: 0823 HRS Auckland International Airport Limited

FLLYR: AIA: Strong year-end result for Auckland International Airport Ltd

FLLYR FY TO 30 JUNE 2004 $94.315M ($83.501M) + 13.0% ; DIV 17.3

Name of the Listed Issuer: Auckland International Airport Limited

This report has been prepared in a manner which complies with generally
accepted accounting practice and gives a true and fair view of matters to
which the report relates and is based on audited accounts.

CONSOLIDATED OPERATING STATEMENT
Current Full Year NZ$'000; Previous Corresponding Full Year NZ $'000;
Up/Down %

Total operating revenue: $262,354; $234,707; + 11.8%

OPERATING SURPLUS BEFORE TAX: $139,509; $120,093; +16.2%

Tax on operating profit: $45,194; $36,592;
+23.5%

OPERATING SURPLUS AFTER TAX: $94.315; $83,501; +13.0%

Earnings per share: 30.97 cps; 24.57 cps; +26.0%

Final Dividend: 17.30 cps; 12.50 cps; +38.4%

Record date: 15 October 2004

Payment date: 29 October 2004

Imputation tax credit on final dividend: 8.52 cps

Summary of commentary:
Buoyed by significant increases in both international and domestic passengers
and international aircraft movements, Auckland International Airport Limited
achieved first-class results for the year. Operating revenue for the year
increased 11.8 per cent to $262.354 million; surplus after taxation amounted
to $94.315 million, 13.0 per cent ahead of the operating surplus of $83.501
million last year.

26 August 2004

Strong year-end result for Auckland International Airport Limited

Auckland International Airport Limited (AIAL) today announced a surplus after
tax of $94.3 million for the year ended June 2004. The year saw passenger
movements exceed 10 million for the first time and the company embark on a
number of significant security and capacity enhancement projects.

The airport company increased its surplus after tax by 22.8 per cent on the
previous year's $76.8 million (excluding a non-recurring item of $6.7
million), to $94.3 million. Revenue was up 15.0 per cent to $262.4 million.
Growth occurred across the board in both the aeronautical and
non-aeronautical areas of the business.

Airport chief executive Don Huse said, "Unprecedented levels of passenger
activity mean terminal and apron facilities are operating near capacity at
peak times. A number of expansion projects have been initiated to ensure
service standards are maintained."

Based on project work in progress and current planning, the airport company
said capital expenditure through the next three years is estimated to average
about $125 million per year.

AIAL chairman Wayne Boyd commented, "The company's continuing strong
financial position provides directors with the confidence that the continuing
development programme can be funded from retained cash flows and increased
debt, within prudent limits.

"Also reflecting this confidence, the directors consider it appropriate to
increase the dividend payout ratio to 90 per cent of the surplus after tax.
Accordingly, a fully imputed final dividend of 17.3 cents per share
(amounting to $52.8 million) has been declared."

This comes on top of an interim dividend of 10.5 cents per share, paid in
March, taking total dividends this year to 27.8 cents per share, up from 22
cents the previous financial year.

AIAL's property division has, during the year, completed nine investment
properties, increasing the property portfolio to total 46, with a market
value of $157.7 million. "Significantly, the investment property portfolio
increased in value by $8.6 million - this revaluation gain is recorded
through revaluation reserves and not included in the surplus after tax
result," Wayne Boyd said.

The total number of passengers through the port increased 14.1 per cent to
10,757,506 (including tran

[Placebo]

A strong result, and a lift in the divvie too. All go at AIA. Interesting to see its property portfolio has expanded so much.

[stolwyk]

The result was $94.3 mill, E/S: 30.97 cents, Div: 17.3 cents.

My forecast on 23 Febr: "Sofar, the Bird Flu has not had a marked effect and the current financial year has some 4 months to go only. Assuming this to continue, I have a guided forecast of $91.3 mill. a rise of 18.9% on last year's.

The number of shares is 304.6 mill and E/S =30 cents".
______________________________

So, the E/S was pretty close.

Gerry

[Paper Tiger]

Which one of you sold 22 million shares this morning? :(

And which one of you bought them? :)

[k1w1]

Colonial First State Investment sold part of its stake. I expect it was a trade sale and that brokers will simply offload what they purchased onto the market thereby depressing the SP till 7% of AIA shares have been absorbed