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Grupo Aeroportuario ADR Representing 10 Ord Shs Series B T.ASR


Primary Symbol: ASR

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services. The airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan, Mexico, and in Medellin, Colombia, among others. Approximately eight Mexican and over 80 international airlines, including the United States-based airlines, such as American Airlines and United Air Lines are operating directly or through code-sharing arrangements in its airports. It provides airport security services at its airports through third-party contractors. It also provides firefighting, rescue and aircraft maintenance services.


NYSE:ASR - Post by User

Comment by stocksnbondson May 14, 2020 12:23pm
123 Views
Post# 31028133

RE:RE:RE:RE:RE:RE:Strange deal

RE:RE:RE:RE:RE:RE:Strange dealELD does have turkish properties so that's not out of the realm of possibility. 
The main issue is that both company BODs have signed off on this. It'll take a massive effort to change the trajectory of the merger. 

The SSRM stockhouse board doesn't like the deal. They see ASR as being in a risky area relative to SSRM's safer properties in Canada. The irony is that some of the SSRM properties have been shut down due to COVID. Furthermore, the current properties of SSRM have AISC of over $1000 some over $1100. ASR has an AISC of roughly $850 which is amazing. Huge margins. 

I'm not against the deal, I just would have liked ASR to grow a bit more on its own with a rising gold price. Conversely, a company does get a re-rating as it gets closer to the 1MM gold producing mark. EDV will be over 1 million oz with the merger of SMF. the combined  SSRM and ASR should bring it up to 750-800 OZ Au produced annually. It'll need to purchase one more solid mine to get over a million which I do think is the plan. The free cash flow will certainly help that happen. 

Good luck all,

sb






 
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