Queenstown is only open for busines during Visual Landing hours and we are getting a new cycle track at the St James walkway so that will drag the punters in.
Printable View
Placebo, not wishing to split hairs but Wellington's runway length is 1814m.
Admittedly much shorter than the 3000 odd metres available at Auckland or Christchurch. But I think important to get the numbers right.
re entered a small parcel @ 1.70 today, had sold off all my AIA holdings last Friday along with most other shares I held.
I'm not sure whether to commit more to AIA at present. This should be an interesting week for equities after the huge run up past 2 weeks.
What on earth is going on?
why is it rising and more rising?
I cannot interpret the chart: approaching overbought, OBV slightly upwards
I always top up my holding when it is on a dip and I have NO exit strategy.
Grabbing food out of the food trolleys as they pass down the aisle just because your own plate is getting low is, to my mind, unnecessarily uncouth behaviour. I am sorry if your food addiction has made you so large that you can no longer move in your seat. But isn't claiming that you have 'no exit strategy' a little defeatest? Could they not just sit you down the back near where the food supplies are forklifted in. Then in the event of an emergency simply roll you out of the XL sized cabin door at the back ;-P?
SNOOPY
I always top up my holding when it is on a dip and I have NO exit strategy.
I pick up a parcel at $1.53
What's to interpret? AIA is in an uptrend, has been for 2 months.
This means nothing. Uptrending stocks can sit at "overbought" levels for extended periods of time.
This is good. It confirms the uptrend.
I think that the improving sentiment towards the Listed Property market, in general, could be playing a part in AIA's stirring. I have read somewhere, in the last 24 hours, that their occupancy rate has increased to 98%.
With around 94 million shares traded off market at 184 this morning (9c discount to market) further weakness in AIA this week looks likely.
AIA has broken its uptrend line on my chart which begins at 14 july confirming at 16 september and now crossing below the line today.
THERE IS SOME HUGE SELLING GOING ON MASSIVE VOLUME - 170m value already
I noticed there are some favourable broker reports out on the stock
by craigs and I believe by goldman sachs.
can't exactly remeber the details.
Be an interesting share to watch over the next week.
Be great to hear some views on AIA.
*DJ Infratil Says Sells Stake In Auckland International Airport
(MORE TO FOLLOW) Dow Jones Newswires
November 09, 2009 14:45 ET (19:45 GMT)
*DJ Infratil: Received NZ$1.84/Shr For 3.87% AIA Stake
(MORE TO FOLLOW) Dow Jones Newswires
November 09, 2009 14:46 ET (19:46 GMT)
*DJ Infratil: Will Post NZ$6M Gain On AIA In FY10
(MORE TO FOLLOW) Dow Jones Newswires
November 09, 2009 14:47 ET (19:47 GMT)
DJ Infratil Sells 3.87% Auckland International Airport Stake
WELLINGTON (Dow Jones)--New Zealand utilities investor Infratil Ltd. (IFT.NZ) said
Tuesday it has sold its 3.87% stake in Auckland International Airport Ltd. (AIA.NZ).
The 47.4 million shares were sold via an institutional placement at NZ$1.84 per share
and raised NZ$87.25 million, the company said in a statement.
Chief Executive Marko Bogoievski said the sale was consistent with recent capital
management initiatives and will provide additional flexibility to fund current and future
opportunities.
Infratil, in consortium with the New Zealand Superannuation Fund, is the exclusive
bidder for a stake in Royal Dutch Shell PLC's (RDSA, RDSB, RDSB.LN) refining and
retail assets in New Zealand.
Infratil said that since March 31, it has divested over NZ$215 million of non-core
assets and raised over NZ$98 million of new capital.
The sale will result in a NZ$6 million gain in the fiscal year ending March, 31, 2010,
Bogoievski said.
Auckland Airport shares closed Monday at NZ$1.93.
-By Simon Louisson, Dow Jones Newswires; 64-4-471-5990; simon.louisson@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important
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http://www.djnewsplus.com/access/al?...mnV8by9Q%3D%3D. You can use this
link on the day this article is published and the following day.
(END) Dow Jones Newswires
November 09, 2009 15:11 ET (20:11 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
Tuesday 10 November 2009 07:11:00.000 AEST
thanks we really needed that giant post...
very weak on very heavy turnover today. I think the comments from IFT are partly to blame. Obviously unloading a big stake like this is a sign IFT don't believe it to be a good investment. Im not sure what value IFT ever thought they were adding to SH's money anyway buying an asset such as AIA which is readily available for ordanairy investors to buy shares in... ditto TPW...not a fan of IFT tbh..
here is the key negative comment from IFT:
The sale of the airport stake was in line with Infratil's signal earlier this year that it was looking to take capital out of some relatively lower prospect investments, while looking to invest in more exciting opportunities, Brown said.
it did say though (perhaps just being polite - and a bit of an afterthought):
Infratil considered Auckland Airport to be a fantastic company and the new owners of the stake would do extremely well from the investment, but Infratil's management had thought it had something better to do with the money.
Perhaps IFT should just have stayed a bit quieter.... a bit embarassing imho
Im not sure infratil selling shows a lack of confidence in Aucklandd airport.
It is more about Infratils debt