Auckland International Airport Limited (AIA)

[steveb]

Air New Zealand are saying they are going to be 30% of their original size! Have these clowns actually done any homework,most of the Duty free stores and cafes are probably going to have to close,it's going to get real messy before it improves.I would not be putting any of my hard earned into this,I am sure they will be looking for more money in 12 months time.
Probably just as well that I am not holding

[Balance]

I think Auckland Council had no choice. Uncle Phil is on record as saying they are right at the top of their debt limits.

SNOOPY

Well, ACC had 22% of AIA so they could have obtained 22% of the $1 billion of the institutional book build = 47m shares

Sell out at market, say 50c gain = $23.5m

Could have come in handy to pay for some of Phil's PR expenses, eh?

What a bunch of monkeys.

[Balance]

Air New Zealand are saying they are going to be 30% of their original size! Have these clowns actually done any homework,most of the Duty free stores and cafes are probably going to have to close,it's going to get real messy before it improves.I would not be putting any of my hard earned into this,I am sure they will be looking for more money in 12 months time.
Probably just as well that I am not holding

AIA is a long term infrastructure asset & a monopoly - a year is nothing in the life of an asset like that.

A good farmer does not devalue or sell his farm in a drought year.

[Joshuatree]

Depends what you define as "real", but I certainly wouldn't say it is anything near 2 years of "no real revenue", probably not even half a year of "no real revenue".

Insto placement all done and dusted at $4.66 AFR reporting.

I would think SPP is going to be bigly oversubscribed.

Sure was i got zilch. Oh well maybe another opp in the next few weeks/ months.

[trackers]

Air New Zealand are saying they are going to be 30% of their original size! Have these clowns actually done any homework,most of the Duty free stores and cafes are probably going to have to close,it's going to get real messy before it improves.I would not be putting any of my hard earned into this,I am sure they will be looking for more money in 12 months time.
Probably just as well that I am not holding

Yeah I know a manager at the duty free set of stores (which encompasses a wide ranging set of stores in each airport) and they're in really bad shape...not even paying employees at all (take leave, or leave... essentially)

[Chinesekiwi]

Air New Zealand are saying they are going to be 30% of their original size! Have these clowns actually done any homework,most of the Duty free stores and cafes are probably going to have to close,it's going to get real messy before it improves.I would not be putting any of my hard earned into this,I am sure they will be looking for more money in 12 months time.
Probably just as well that I am not holding

Hey Steveb

Air NZ estimate they will reemerge possibly at 70% of their current size.

[Bjauck]

Air New Zealand are saying they are going to be 30% of their original size! Have these clowns actually done any homework,most of the Duty free stores and cafes are probably going to have to close,it's going to get real messy before it improves.I would not be putting any of my hard earned into this,I am sure they will be looking for more money in 12 months time.
Probably just as well that I am not holding

I thought that The capital raising should take care of operational and cash flow obligations until the end of 2021. Why are you “sure that they will be looking for more money” before then? I presume you were referring to AIA. Add to the capital raising, the fact that they have suspended dividends and have received waivers and extensions of bank facilities, then they seem well positioned for even a fairly pessimistic forecast for a Covid scenario.

[voltage]

are retail investors getting an opportunity to take part of the capital raising?

[ratkin]

... and there is another crisis which might bite AIA. From memory their only runway is quite close to the sea. Does anybody know how much above sea level this runway is? Allow a bit more global warming and it might be unusable. If it survives the next 3 decades (which is in my view not a given), than at a PE of 30 investors might just get their capital back - without any interest.

You are sounding a bit too desperate in trying to sound negative

[macduffy]

are retail investors getting an opportunity to take part of the capital raising?

Yes, via a SPP.