Five days to 10c ex div. Buyers building up?
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Five days to 10c ex div. Buyers building up?
Large crossing of 4 mil shares today with the abbreviation LA. Anyone know what that means? I can't see it on the usual abbrev list.
It's tempting to accumulate now, but with flat earnings for the next year, I don't see a catalyst in the short term to push it well above $3.
It's struggling to get over $3 now and I get the feeling it's going to fall back down heaps when it goes ex-div, so I'm going to wait and see.
Might have to wait until FY2019 to see some movement.
I actually find it strange market behaviour that the stock isn't trading higher just before shedding a juicy fully imputed 10c divvy. Analysts have just upgraded the stock to outperform with an average target price of $3.34. From a TA viewpoint, Bollinger Bands squeezing so will be very interesting to see the Ex divvy behaviour.
XOS divvy locked in, not a bad finish at $3.04, helped by a bit of index rebalancing at close. Support should hold the price at $2.88 or above going Ex, after being upgraded by the analysts.
Yes will be interesting to see how it goes tomorrow. I'll be very surprised if it closes above $2.95 by end of the week.
Their flat earnings guidance for FY2018 wasn't overly inspiring, though they have gone through alot of detail on how CDC, Aussie Student Accommodation and Long Road will deliver long term value.
We'll just have to wait till FY2019 to see this come to fruition. I indent to keep holding and accumulate on weakness.
Infratil Shareholders presentations between 27/6/17 and 27/7/17. Is Infratil still seeking to deliver 20% per annum after tax returns to it's shareholders?.... The short answer is yes. Go to infratil.com and click on Infratil Update newsletter May 2017 for more info. 20% sounds good to me;). Is anybody going to one of the meetings?
I plan to go to the Wellington one. The invite asked for people to send in stuff they want covered- I asked for an update on conversion of Wellington trolley buses to electric, and for comment on the loss of recent bus routes. The company did make an announcement about the bus routes at the time but seemed like they were using different measurements to the media reports.
Following on from the above about NZBus. At the Infratil roadshow in Wellington yesterday there was an indication that NZBus would be put up for sale in a year or so. Although it is profitable, it does not fit the required growth profile of IFT investments, due to loss of route contracts and focus on cost cutting. The latter being the primary cause of the former it appears. Seems the company took a wrong turn a few years ago by putting investment into technical / green efficiencies as that was the direction understood at the time. Instead, a race to the bottom cost wise.
No doubt helped along in Auckland by GoBus tax advantage as it is owned by two iwi charitable trusts.
There was comment about the (electric) trolley bus decommission which is due this year. It was said that last time this came up for review there was public and Green Party opposition and the decommission did not proceed then. This time around there was no opposition so it is happening.
NZBus will thus shortly lose the trolley infrastructure so will replace these buses with diesel - they have these readily available due to losing the Auckland routes.
Wrightspeed trial of trolley buses converting to electric is well advanced though has not met original timetable. About to start testing on actual Wellington bus routes, on the basis if it can cope there it can cope anywhere! This info was given in discussion after the meeting.
Also the remaining Wellington routes are up for renegotiation, not re-tender so NZBus will retain them for a further 10 years. Once locked in, sale is likely.