that"s interesting what the rumor is-'demand for investment'.
syd airport can handle a hell of a lot more air traffic as is. at the moment,they are between a rock and a hard place-if they decline on the new airport offer,then they lose huge business,but if they accept the offer,the capital required will not be covered by operational profits.
they can charge what they want at the terminals,only to a certain degree.
they only pay 4.5% unfranked divvy at PE 130 to 1.
the chinese influence on air traffic numbers is encouraging,but not enough to offset the negatives.
cheers crazypunter
SYD Price at posting:
$5.20 Sentiment: None Disclosure: Held
