IFT - Infratil

[shasta]

Toddy read your own post re Wellington city council increasing fares

I can tell you that the off peak train fares from Wellington - Johnsonville are due for an increase from 1 September.

As someone who uses both the rail & bus system several times a week, the small increase from $2 to $2.50 for the train is quite acceptable.

(Im assuming the peak rates will go from $3.50 - $4.00)

You can get from the Railway Station to Courtney Place for $1 on the bus.

No wonder i've noticed a big increase in passengers on both, it's so cheap.

Parking is expensive, even ignoring the rising price of oil.

No wonder i sold my car 4 years ago & moved into the City!

[QOH]

I can tell you that the off peak train fares from Wellington - Johnsonville are due for an increase from 1 September.

As someone who uses both the rail & bus system several times a week, the small increase from $2 to $2.50 for the train is quite acceptable.

(Im assuming the peak rates will go from $3.50 - $4.00)

You can get from the Railway Station to Courtney Place for $1 on the bus.

No wonder i've noticed a big increase in passengers on both, it's so cheap.

Parking is expensive, even ignoring the rising price of oil.

No wonder i sold my car 4 years ago & moved into the City!

Up here on the coast, we are going to be better off even with increased rail fares. They are having a trial for a few months of running free buses to railway station.

[Toddy]

I find the statistics from their Kent and Lubeck airports very underwhelming. Maybe they should just sell off the land in Kent. I'd have thought an airport there would be doing well by now.

Agree, very frustrating.

Only consolation is that IFT management do have a medium term plan.
Lubeck Airport has just had a train station commissioned recently. My understanding is that Lubeck is still not a done deal until the planning consent has been successful for the runway extension, i.e IFT have an out clause where the council would buy back IFT's investment if the planning consent is not successful.


Kent. In theory the freight business should be doing significantly better. We should not be seeing seasonal dips, only growth. So far, most attempts to get passenger flights going have ended in tears for a number of reasons. It is a good piece of dirt and very modern. I'm sure that it would be a great asset to own in say, 20 years time.


I'll ask some questions at the IFT investor presentation. However, the answer would be along the lines that the assets are insignificant and offer IFT optionality in a growing industry. Budget air travel when I lived in London was super affordable to every level of society. Put it this way, it is cheaper to fly to Europe for the weekend than take the car for a Sunday drive.

The bus story is starting to take shape despite the red tape from Local and Central Govt.

[ratkin]

Recently booked one of these so called cheap flights with a discount outfit called flybe.

Return amsterdam to exeter for two people . Was advertised as ten pounds (27 dollars)

Total cost turned out to be 180 (apx 500 dollars)

10 pounds per bag
10 pounds to book seat
50 pound taxes

etc etc

Turned out to be not much cheaper than british airways, unless they too had hidden extras

[Rif-Raf]

Picked up a 1m warrants today.

[Toddy]

Picked up a 1m warrants today.

Morrison did the same on the 14th.

[Romer]

Hmmm. That's a good sign!

[Toddy]

The sale process is underway.


July 20 (Bloomberg) -- Energy Developments Ltd. hired RBC Capital Markets to auction a 200-million-pound ($400 million) business generating landfill-gas power in the U.K., France and Greece, the Sunday Times reported today without citing anyone.

Likely bidders include Infinis, the renewable energy group owned by Guy Hands' buyout group Terra Firma Capital Partners Ltd, and Macquarie Group Ltd, the Australian infrastructure group, the newspaper said. Landfill-gas power produces electricity by burning methane created by decomposing waste.


Also, check out todays wholesale spot market ELECTRICITY prices. Any electricity crises is well and truely yesterdays news.

http://www.electricityinfo.co.nz/comitFta/ftapage.main

[Romer]

The B warrants up 25% two days in a row. Down days at that.
Confirmation at last that IFT has been severely over-sold!!!

[Rif-Raf]

I'm no expert in TA but the chart certainly looks very healthly having well and truly broken the long trend down that started in January.

Interesting to compare to TPW chart too but no conclusions on that one. The improved situation in the lakes will certainly have been great for TPW

The directors that bought the warrants last week have made a killing.