Market not too happy with today's results, chart looks ugly to boot, she's a long way from the median target price of $3.62. Disc-Hold
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Market not too happy with today's results, chart looks ugly to boot, she's a long way from the median target price of $3.62. Disc-Hold
I hold a big chunk of IFT purely for the dividend. Increase of debt is a concern but it comes down to if you trust the management (which I do).
It's a nervous market, couta. Very hard to please just now and looking for reasons to sell rather than to buy. FWIW, I thought it was an okay result and that achieving the revised guidance, if they do, will be okay as well. However, any further "revision" would cause me to "revise" my view.
Well the management seem to think the shares are undervalued.
BUYBACK: IFT: Infratil Share Buyback
Number of Ordinary Shares acquired: 750,000
Acquisition price (average): $2.76
Date acquired: 15 November 2016
Reason for the acquisition: Considered by the Directors to be in the best
interests of the Company and shareholders.
If I didn't have so many I'd take this as a buy signal.
With an NTA of around $5, some would consider the current SP to hold deep value.
I wish they would buy back their perpetual bonds.
If you read the company accounts you will see that NTA was $3.00 at half-year.
Best Wishes
Paper Tiger