MAP is providing a briefing on wed 9 august and Kerrie Mather will update on the future prospects.
imo SP won't do much and probably fall in the short term for the following reasons:
1)Sydney Airport will be the major asset in MAP's portfolio and its revenue growth is pedestrian compared with the european airports. Delay in A380 and no 'open sky ' policy will constrain traffic growth.
2)high oil prices etc. 3)No details on Syd airport refinancing.
It is a hold if you are an existing holder (good div) and a buy if the SP falls to 2.90-2.95
MAP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
