Someone with a good number of shares has still got their finger firmly on the sell button, goes Ex divvy on Friday and struggling to get above $2.80, anyway happy to add some more to get my average price down to $2.84.
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Someone with a good number of shares has still got their finger firmly on the sell button, goes Ex divvy on Friday and struggling to get above $2.80, anyway happy to add some more to get my average price down to $2.84.
Same. Bought more past 2 days. Firmly believe in IFT's overall social and infrastructure value propositions, along with their clarity of strategy and execution. I note Forsyth Barr finally upgraded IFT to outperform.Very interested to see the next 6 monthly update once recent investment performance starts to flow through
IFT at 2 year low. Just for a laugh bought 20,000 two days ago for 2.79 to get a div. Thought it might be a good idea while waiting for the dust to settle on the other stocks:).
May or may not work out. The chart looks pretty sick - and IFT will have the next couple of years significantly less income than in the past years. A forward PE of 35 without growth does not feel stellar.
As well - some of the new deals (like their de-facto lease of student accommodation) won't have the option to appreciate in value ...
Good luck, but I am not sure I would bet on the last dip for IFT being already the bottom.
Is it? 4 traders predicts for FY 2017 8 cents EPS: http://www.4-traders.com/INFRATIL-LTD-76613/financials/
If you divide the current share price (283) by 8 than the result is 35.3 ...
Just in case you wonder ... Reuters predicts the same EPS (8 cents) for 2017, but maybe they copy their data off each other? I think you need to call them and tell them that they are wrong.
What is your 2017 EPS prediction for IFT?
IFT is also bouncing off a long term uptrend support line. Backstop support around $2.60 if needed. We need to keep an eye on you see weed, you're picking them well before the more conservative (safer) entry points and you seem to be getting it right! Well done.
:t_up:
Attachment 8484
Weekly chart.
Read you post wrong, thought you were quoting current PE which happens to be around 24. I'm more interested in the Median target price of $3.38(This is the downgraded median) and that 3 analysts rate the stock as buy and 2 as hold. Plenty of meat to gain here for those buying at current prices IMO.
Actually - if you expect any bouncing, than it might be worthwhile to do some sort of analysis on IFT's underlying value. From memory - Trustpower (now demerged into TPW and TLT) constitutes roughly 50% of IFT's value and both demerger components are currently on a consistent downslide - they lost together already 12% in value since the demerger (4 weeks ago).
I guess the question is - did the market overreact with dumping TPW? If the answer to this question is yes, than maybe IFT might come up again. However - not sure I would want to bet on that.