BAA under review

Article Abstract:

BAA owns and runs seven large airports in the UK. The company has been treated fairly well by the regulatory authority, the Civil Aviation Authority. Four brokers from a sample of six rate the company's shares a buy, with one holder and one seller. Buyers include Yamaichi which sees BAA as well treated by the regulator. The holder is UBS which is concerned that stricter price controls could be implemented. Charterhouse Tilney is the seller and sees the company's shares as overrated, focusing on earnings per share.

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Still cool on BAA

Article Abstract:

BAA will pay less windfall tax than forecast, and this has helped push up the company's stock price. Two brokers rate the stocks a buy, one rates them a strong hold, and four rate them a hold. The buyers are ABN Amro Hoare Govett and UBS, while Morgan Stanley, Credit Lyonnais Laing, Greig Middleton and Daiwa Europe rate BAA stocks a hold. Morgan Stanley is not enthusiastic about the acquisition of Duty Free International, though Credit Lyonnais Laing does see this acquisition as useful.

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BAA for the long haul

Article Abstract:

BAA should benefit from an increase in numbers of passengers and sales at airports. The company's share price could improve its performance after a spell of underperformance in the year to Mar 1996. A sample of six brokers all expressed enthusiasm over BAA shares. Credit Lyonnais Lang is among the sample and has upgraded its forecast for BAA profits for 1996 to 1997. Other buyers include Lehman Brothers, Charles Stanley, UBS and Kleinwort Benson.

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