TBI
Article Abstract:
TBI has become an international airports operator and has sold its real estate portfolio. The company's stock price has dropped, which represents an opportunity for investors. The acquisition of AGI, finalized in Sep 1999, has brought TBI 32 airports located in Australia and the US. AGI has been awarded a contract to operate a new Spanish airport, close to Ciudad Real, and a concession for a Costa Rican airport. The company is benefiting from a rise in low-cost carriers, and operating profit has risen at Cardiff and Belfast. The company could carry out further acquisitions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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BAA seen as a safe haven
Article Abstract:
BAA is an airport operator which is seen as a safe haven at a time when there is fear of recession in the United Kingdom. The world market for air travel is growing, though landing fees are regulated. Three brokers from a sample of six rate the company's stocks a buy, two rate them a hold, and one rates them a sell. The buyers are SG Securities, Morgan Stanley Dean Witter, and Dresdner Kleinwort Benson. BT Alex Brown, and Goldman Sachs are the holders, and Credit Lyonnais is the seller.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Alpha Airports
Article Abstract:
Alpha Airports is becoming more diversified in the field of airport services. The company holds a 45% stake in the UK market where growth potential is limited. Alpha is selling its operation in the US which has reported losses, and can thus focus on core businesses. The company aims to expand Ground Services, acquired in 2nd half 1995. The company should achieve a profit of 22 million pounds sterling for 1996 compared with 20.6 million for the previous year.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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