confirmation from Moody's will help them if they do need to raise. I was expecting a shutdown of domestic flights, but looks like that step has been avoided, so still some activity at the airport , albeit minimal but better than zero.
if we do raise, retailers will surely have entitlement offer based on current holdings to avoid dilution, at what discount I am unsure - but I can't see anything below $4.60. I'll be taking up full entitlement regardless.
western Sydney isn't open til 2026 (and only for freight), so still a few year left to run on a monopoly.
I see a potential virgin collapse being a risk to revenue though, selfishly if they collapse during the shutdown, it would give time for another provider to set up shop at SYD, and quickly bring on virgins local workforce.
my thoughts only. dyor IMO
SYD Price at posting:
$5.41 Sentiment: Hold Disclosure: Held
