Dividends have been paid out of increased debt (off higher asset values), not operating cash flows. This model of paying dividends from borrowing is not considered sustainable which means the dividends you note are unlikely to be sustainable. Also, whilst oil price is currently low, peak oil theory implies that airports may not be somewhere you want to invest.
That said I believe negatives priced into MQG (which I hold). In regard to MAP, haven't done the research to decide whether negatives already priced in.
MAP Price at posting:
$2.26 Sentiment: None Disclosure: Not Held
