analysis positive

MAP going from strength to strength – from an all-important perspective, PROFIT. Today it announced a $345 m profit, and increase of 170%. Furthermore it has provided a dividend guidance of approximately 17 cents per share (which on per annum basis is 7.26 yield).

MAP invests in international airports (Rome, Bristol, Birmingham and Sydney), with other avenues to generate even more profit (for example, the benefit from the continued expansion of airline capacity and improved offerings in retail, food and beverage, car parking, property development and other commercial initiatives.").

Shares are trading at $2.35, with expected increased media attention over coming days and weeks in response to today’s announcement. Interestingly, its NTA backing is $2.31 (as stated in today’s report). It’s a stock worth considering over a short and long-term perspective. I see this company as holding assets that could be considered “monopolies”, since you would not expect a competitor setting up another major Sydney Airport for instance. I think it’s a good hold, as airports are a commodity that will always be relied upon, whether to transport people, or freight in this increasingly global economy.

please note: I hold these shares.