Largest Middle Class now in CHINA, page-3

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14/10/15

20:22

Post #: 16177654
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Originally posted by crazypunter ↑

yes , but the numbers do not justify the infrastructure costs of a new airport.
the existing one can easily accommodate 5 years of Chinese growth and a lot more for that matter, but because the wombats near the flight paths are voters and curfew hours are sensitive issues, it then becomes a case of the influential voter syndrome.
who the hell is going to pay for the new airport anyway? an over abused taxpayer, that's who!
so why is SYD in two minds about forking out more than it can afford on a new terminal?
it is quite simple- it has a first refusal option. if it declines it will lose market share to a new player, and if it proceeds , the costs will cut into their profit margins, regardless of their capability of charging customers whatever they think seems fit.
you will probably also find that any prospective new player will be granted incentive allowances which would not be offered to SYD if it elected to take up the offer.

so what do you do if you hold SYD?

buggered if i know, i am just a gossip merchant

cheers crazypunter

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I agree with your sentiments CP. I got out of SYD at $6.10 because I was unsure of what the future holds. If they exercise their option it will be a drain on resources, if they don't then they will lose their monopoly. I think Badgery's Creek is about employment in the western suburbs rather than providing aviation services.

SYD Price at posting: $6.06 Sentiment: Hold Disclosure: Not Held
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Largest Middle Class now in CHINA, page-3

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