Sydney Airport

In the past month – since Sydney Airport takes the cake on 20 May 13 (Buy – $3.75) – we’ve had three bits of news from Sydney Airport, each of them neutral or mildly positive, yet the stock has fallen 10%. First there was the draft Master Plan for the next 20 years, which contained no nasty surprises. Investment of about $700m over the next three years will go ahead as planned and the airport will integrate its terminals, to increase efficiency and enable the shared use of transport infrastructure. Then there was the distribution of 11 cents (ex...

In the past month – since Sydney Airport takes the cake on 20 May 13 (Buy – $3.75) – we’ve had three bits of news from Sydney Airport, each of them neutral or mildly positive, yet the stock has fallen 10%.

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