Auckland International Airport’s Share Price Advanced With Company Updates And Board Nominations


Auckland International Airport Limited (ASX:AIA) saw its share price uplifted by 1.212% after the release of its investor presentation on 21 September 2018. The group has also provided an update on board nominations wherein Dean Hamilton and Tania Simpson have been nominated for election as independent non-executive directors. The group will be conducting its 2018 annual meeting in October 2018.

Meanwhile, the group has reported CAGR of 5.4% in terms of passenger growth over the last 18 years; and has elucidated the fundamentals behind the diverse business in view of the prevailing regulatory environment.

On 18 September 2018, Auckland International Airport Limited had announced that it is considering an offer of fixed rate bonds with Tenor of six years to New Zealand retail investors and to the institutional investors. The interest payment dates on these bonds are expected to be on 10 April and 10 October in each year until and including the maturity date. Interest payments will be made semi-annually. The bonds are expected to be listed on NZX Debt market from 24 September 2018. The full details of the bond issue will be released before 24 September 2018. Interest payments will be made semi-annually. 

Due to the reduction in the international and aeronautical prices, the total revenue of Auckland International Airport has only slightly increased to $122.1 million in FY 2018 as compared to $119.6 million in FY 2017.  The expenses of the company also increased from $156.2 million to $177.5 million. The reported net profit after tax has increased to $650.1 million from $332.9 million in FY 2017.  The capital expenditure is $405.2 million which is an increase of 8.1% compared to last year. Capital expenditure for FY 2019 is expected to be between $450 million and $550 million. Gain on sales of associates is $297.4 million this year. Auckland Airport has released 12 new airlines and 21 new routes in the past three years and has increased the capacity by 29% by connecting Auckland with new cities of 140 million. Auckland is planning to improve its performance by increasing the productivity of assets, processes, operations and balance sheet.

AIA’s share traded at $6.680 with a market capitalization of $7.94 billion as on 21 September 2018 (AEST 3:45 PM).

Dividend Stocks To Buy

Sponsored ad by Kalkine

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here