Auckland International Airport Ltd [AIA.NZX] has been marking time in terms of share price over the previous 12 months but since November 25 2011 has climbed 9% from $2.28 at that date to finish trading at $2.49 at close of business last Friday.
Its 2011 Full Year profit of 120.8 million was up 15% on the same period a year earlier and its prospects for 2012 look promising.
This near monopoly utility is paying a dividend of slightly under 5% at the current share price so beats the street in terms of your bank deposit.
One of the main reasons why I have included AIA in its first Share Price Alert though is that there has been speculation over the weekend that a suitor could be on the blocks for part of the company.
The rise of the share price in the last 6 weeks could be explained by those closer to the speculation knowing more than I and buying because the market has been relatively flat for most stocks.
Any possible bid would be well north of 3 bucks so those with an appetite for a little risk might want to get in early this morning and put your bids in.
Share Price Alert Series
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