Infratil on a tear today. TECT the only news AFAIK. Would that have this effect?
Printable View
Infratil on a tear today. TECT the only news AFAIK. Would that have this effect?
Does anyone have any thoughts on the share buy back? My simple maths tells me around 9% of shares could be purchased. $3.50 TP on the back of that at the TECT issue going away?
They do have around $580m in cash just lying around the house... share bb stated "will not exceed 50million shares"
Quite a lot to buy over the next 3 months, doubt they are going to reach that many sellers... will also cost them around $150m.
They have searched the market and found the best buying opportunity... themselves.
I think they can only buy back if the internal analysis shows the value of the shares on the market are under the value of the internal analysis.i.e. they are underpriced.
Its hard to find value out there at the moment with the prices on offer and their shares are offering good value with the TECT things going on with it going down.
looks like a down grade for 2019 earnings
The company told investors total shareholder return has been an annual 13.3 percent over the past seven years, but that the share price "has not recognised the potential of the recent investments or option value of multiple extensive pipelines". Still, those valuation discounts are expected to narrow as Infrailt's investments achieve independent scale, and it said it is considering "utilising periodic development gains to supplement shareholder distributions."
Seems very positive, and with the shares currently below NTA they look a fairly safe place to park some cash. Might top up
IFT well positioned?
http://www.nzherald.co.nz/business/n...ectid=12032074
Over many yrs investors have come to expect 17+% ann returns.Over last 3 yrs 13% why?
Because rebuilding its portfolio.Better things to come.TLT,Longroad etc
So NZBus has won the BOP bus contract largely by paying drivers more than the incumbent GoBus (owned by 2 iwi charitable trusts so their tax advantage did not help them here).
Particularly interesting is that there are to be 5 EVs from the outset, and sounds like more coming. That sounds like their EV programme progresses. Maybe they plan to trial it away from Wellington, where the topography is more challenging. Anyway they have spare trolley buses to convert!
Not sure how this contract win fits with their plan to divest NZBus.
i went to a presentation last yr where they say nz bus will be sold , which i consider sensible as it has never provided an acceptable ift return on capital