Remember that Sydney Airport Holdings (the parent company) has a lease on the airport till the end of the century.
So while debt is important, it's less significant for SYD because:
1. It's a monopoly.
2. The 99 year lease (from 2002)
3. You pay $6 for a coffee and $12 for a sandwhich and $15+ to park your car.
In normal times it prints money and returns approx 4.5% in dividends.
So in the short term it's speculative. But if you have a 5 year + hold strategy then it looks like good value. Air travel will return to normal, and it's better to get in now with a 5 in front of the price than a 7 or 8 in a years time.
- Forums
- ASX - By Stock
- Why?
Remember that Sydney Airport Holdings (the parent company) has a...
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online