Moving on
Calm down everyone - seems you can't post a statement of fact on here without the rose-tinted SEN supporters coming out in force to denounce the naysayers.
Moving on....
The airport owners made the following statement last Thursday:
We reported in the AGM statement in June an expectation to pay an increased quarterly dividend of 4.5p per share, starting with the payment made on 7 July 2017. Dividends of 4.5p per share were paid on 6 October 2017 and the Board has now declared a further interim dividend of 4.5p per share which will be paid on 19 January 2018 to shareholders on the register as at 22 December 2017.
Subject to Board approval, further quarterly dividend payments of 4.5p per share will be made on 13 April 2018. The Group has non-operating asset resources available to support the dividend until 2022, and thereafter dividends are expected to be funded out of operating profits.
Given that the airport is limited to 53,300 annual movements, which the airport owner estimates will deliver circa 2m passengers per annum, do SEN observers believe that a) the airport can be profitable, b) and pay-back the investment in it, and c) deliver a dividend to shareholders with such limited annual movements?
[Hopefully I phrased my question in such a way so as not to upset anyone...]