With reference to ongoing developments along with the Jan 21 traffic updates (https://hotcopper.com.au/threads/ann-sydney-airport-traffic-performance-january-2021.5915183/) I would also agree in that we'll see the price continue to slump for some time. Like most of you have already touched on, it's a great long term stock which presents strong upside potential over the coming years. As to whether we see it fall below $5, I'm not entirely confident in those prospects however it would present a great buying opportunity. When optimism returns I would expect nothing less than a sharp rebound in price, however I can't say the same for its bottom line and volume of operations.
I attach a chart below,each candlestick representing a 1 week period, and suspect we'll continue our gradual descent to the areas of support ($5.26-30) and the key $5 mark.
SYD Price at posting:
$5.52 Sentiment: Hold Disclosure: Held
