Insights

It hasn’t been a great month for the Sydney Airport (ASX:SYD) share price

Momentum in Sydney Airport shares has stalled since rejecting a takeover bid last month.
The post It hasn’t been a great month for the Sydney Airport (ASX:SYD) share price appeared first on The Motley Fool Australia. –

The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has struggled over the last month.

After closing Friday’s trading session at $7.75, shares in the infrastructure giant have sunk more than 2% in the past 30 days.

Let’s take a look at what’s been happening.

Sydney Airport shares lose takeover momentum

Despite widespread lockdowns and border closures, the Sydney Airport share price has soared in 2021.

Shares in the airport have managed to buck negative sentiment, gaining more than 22% since the start of the year.

A single catalyst has helped fuel the Sydney Airport share price.

Shares in the company received a boost early last month following a $22.6 billion buyout offer.

The offer saw shares in Sydney Airport storm more than 34% on the day.

A consortium of infrastructure investors – IFM Investors, Global Infrastructure Management, and QSuper – launched the takeover offer, valuing Sydney Airport at $8.25 per share.

However, it seems as though momentum from the takeover offer has waned over the past 30 days.

Sydney Airport formally rejected the takeover offer for 100% of its shares in mid-July.

As a result, shares in the company have struggled in the past month as investors await a new catalyst.

Outlook for the Sydney Airport share price

Sydney Airport is Australia’s largest international gateway. The company generates revenue through aeronautical, retail, property, car rental and parking operations.

Following the takeover offer, Sydney Airport’s management noted the predatory nature of the takeover bid.

The company’s management predicts sunnier days ahead for the infrastructure giant.

Before the pandemic, the Sydney Airport share price was trading at around $8.95.

As a result, the company rejected the opportunistic takeover bid, citing the irreplaceable nature of Sydney Airport.

The company anticipated stronger growth in a vaccinated, post-COVID world.

As a result, Sydney Airport could receive extra attention this reporting season.

Sydney Airport will release its 2021 half-year results on Friday 20 August.

The post It hasn’t been a great month for the Sydney Airport (ASX:SYD) share price appeared first on The Motley Fool Australia.

Should you invest $1,000 in Sydney Airport Holdings right now?

Before you consider Sydney Airport Holdings, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Sydney Airport Holdings wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

ASX 200 Weekly Wrap: New records just keep coming for the ASX 200

Why climate risks is a bigger threat to ASX 200 shares than you thought

The Sydney Airport (ASX:SYD) share price is up 43% for the year. Here’s why
This ASX tech share fell 87%, but we love it now

When was the best day on the Sydney Airport (ASX:SYD) share price chart?

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
Trade The US Market With ZERO Brokerage* + FREE Access To Trading Ideas & Value Analysis Tools. Click Here!