Auckland International Airport Limited (AIA)

**ari** · 03-04-2014, 09:42 PM

Thanks guys

**robbo24** · 14-04-2014, 09:42 PM

Dear AIA,

Thank you for the large wad of cash that just appeared in my bank account.

Regards,

Robbo 24

Disc: Bought in IPO, still loving it.

**QOH** · 15-04-2014, 09:44 AM

Originally Posted by robbo24

Dear AIA,

Thank you for the large wad of cash that just appeared in my bank account.

Regards,

Robbo 24

Disc: Bought in IPO, still loving it.

I'd have preferred to have kept all my shares, sure I can buy them back but not at the price made me sell them for.

**Balance** · 15-04-2014, 10:55 AM

Originally Posted by QOH

I'd have preferred to have kept all my shares, sure I can buy them back but not at the price made me sell them for.

Less shares so remaining shares worth more - that's how this works.

**Deej5** · 15-04-2014, 11:22 AM

Originally Posted by Balance

Less shares so remaining shares worth more - that's how this works.

Remaining shares are worth more the the buy back anyway. Surely the present SP has to move 10% more to regain value? Or am I missing something?

**G on** · 15-04-2014, 11:24 AM

My understanding was that returning 10% of capital was going to be neutral to the share price. 10% less shares but also 10% less company. Happy with increase of SP but interested to see the impact on div. I would expect that if earnings are the same post capital return as pre then am I right in expecting there would be an increase in EPS?

**robbo24** · 15-04-2014, 11:25 AM

Originally Posted by Balance

Less shares so remaining shares worth more - that's how this works.

Indeed. Need not discuss any further as the opportunity has passed.

**Jay** · 19-04-2014, 03:22 PM

Dumb question no. 453

I am trying to figure out what ratio I would enter into Metastock Downloader to take account of the consolidation/cancellation - 1 share for every 10 you had was cancelled
So is it 9:10 , 10:11 just can't think and work it out at present!

**Snow Leopard** · 19-04-2014, 05:09 PM

Originally Posted by Jay

Dumb question no. 453

I am trying to figure out what ratio I would enter into Metastock Downloader to take account of the consolidation/cancellation - 1 share for every 10 you had was cancelled
So is it 9:10 , 10:11 just can't think and work it out at present!

Given that it was neither a split nor a consolidation I would suggest that you do not adjust anything.

Best Wishes
Paper Tiger