Auckland International Airport Limited (AIA)

[Recaster]

Bit of a look at this company's accounts:

https://recastinvestor.substack.com/...al-airport-aee

[Jim]

Trading halt ?? Wayne Brown selling down 18% stake ?

[Baa_Baa]

Trading halt ?? Wayne Brown selling down 18% stake ?

"Brown told the council today that its shares in Auckland International Airport would be reducing in value soon.

He said the airport company planned to seek a capital injection to fund a new domestic terminal.

Council currently owns 18 per cent of the airport company but would not be participating in the airport’s capital expansion, so those shares would reduce in value to about 11 per cent."

[bigbruce]

Wayne perhaps with knowledge of price sensitive information not known in the wider market.?
AIA will be raising funds for new build, cough,cough I am only speculating.

[mwri]

https://www.nzx.com/announcements/404153 aia to use loan to finance building. Brown knows something we dont, lying or dumb?

[Bjauck]

Brown should realise that as he is now the Auckland Mayor, when he shoots from the hip everybody will think he has access to correct information, and it is not idle speculation.

[Sideshow Bob]

Not an equity raise

https://www.nzx.com/announcements/404153

15/12/2022, 12:56 pmMKTUPDTEMarket Release | 15 December 2022
Auckland Airport makes announcement to the market
Auckland Airport has no plans to carry out an equity raise and we have made no announcements to the market in this regard.
We continue to consult with airlines about our future infrastructure programme, which includes our priority project – the creation of a combined domestic and international terminal as part of an expansion to the existing international terminal.

Auckland Airport’s key credit metrics that underpin our A- credit rating are recovering very strongly. On 20 October 2022 S&P reaffirmed Auckland Airport’s long term credit rating as A- with a stable outlook. Auckland Airport is planning to fund the new domestic terminal with borrowings.
ENDS

[Lola]

Brown should realise that as he is now the Auckland Mayor, when he shoots from the hip everybody will think he has access to correct information, and it is not idle speculation.

Displays a bit of naivety wouldn't you say? Of just arrogant and not as commercially smart as he says he is?

[mikelee]

the new mayor is not trust worthy I reckon, brag about not increasing rates but ended up increasing it anyway

[777]

the new mayor is not trust worthy I reckon, brag about not increasing rates but ended up increasing it anyway

Which no doubt shows how bad the finances must be.