市场见解

How did the Sydney Airport (ASX:SYD) share price perform in November?

Here’s the news that piloted the Sydney Airport share price last month.
The post How did the Sydney Airport (ASX:SYD) share price perform in November? appeared first on The Motley Fool Australia. –

November was a big month for Sydney Airport (ASX: SYD), even if its share price didn’t reflect the enormity.

The airport’s long-discussed takeover finally got the green light early last month.

Despite the exciting happening, the Sydney Airport share price only gained 1.34% over the course of September. It ended the month 11 cents higher than it started, trading at $8.30.

Though, that blew the performance of the S&P/ASX 200 Index (ASX: XJO) out of the water – it tumbled 0.92% last month.

 Let’s take a closer look at the month that was for the major Australian airport.

What drove the Sydney Airport share price last month?

Sydney Airport accepted an $8.75 per share takeover offer posed to it by the Sydney Aviation Alliance – a consortium of infrastructure investors – on 8 November.

As The Motley Fool Australia reported, the deal puts the airport’s enterprise value at $32 billion – a $2 billion premium.

The Sydney Airport share price rose 2.8% following the takeover’s acceptance.

Though, the purchase will now face scrutiny by local and global watchdogs.

The alliance will need to get merger clearance from the European Union before the takeover can be finalised.

Australian bodies will also be casting their eye over the deal.

The Australian Competition and Consumer Commission and the Australian Foreign Investment Review Board will both get a say on the takeover.

There’s also the issue of Australia’s airport cross-ownership laws. Some members of the alliance already own significant stakes in other major Australian airports.

Entities can only own more than 15% of either Sydney, Brisbane, Melbourne, or Perth’s airports.

Whether the alliance can bypass the law is yet to be seen.

Finally, Sydney Airport released promising – albeit not price-sensitive – news on 19 November when it provided its traffic data for October.

While October didn’t see an influx of travellers, the airport noted it saw an uptick in passengers in early November.

Australia’s international borders opened on 1 November, making the data particularly significant.

As of the end of November, the Sydney Airport share price was 29% higher than it was at the start of 2021. Additionally, it gained 39% over the 12 months ended 30 November.

The post How did the Sydney Airport (ASX:SYD) share price perform in November? appeared first on The Motley Fool Australia.

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

Before you consider Sydney Airport, 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 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.

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More reading

Sydney Airport (ASX:SYD) investors urged to speak up or forever hold their peace

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Sydney Airport (ASX:SYD) share price edges higher as traffic lifts

These 3 ASX 200 shares are topping the volume charts this Wednesday

$6m shareholder says Sydney Airport (ASX:SYD) selling too cheap, calls for board spill

Motley Fool contributor Brooke Cooper 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.

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