Boats usually come with cranes.
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Boats usually come with cranes.
I wonder if anyone using asb securities will be able to buy? I suspect this will be an opportunity for only a few people, then the open market price will go up 20% almost immediately after the ipo...
Agree.
I expect clients of the major brokers will receive very modest allocations.
there will be plenty for iwi and locals though
The Regional Council confirmedthat all Hawke’s Bay residents, including local iwi,wanting to buy shares in Napier Port would be offered aguaranteed minimum allocation of shares
I wonder if there is some possible conflict in that though with the main man aHon Rick BarkerbeingChiefCrown Negotiatorwith theMinister for Treaty of Waitangi.
Not sure if this has already been mentioned, but here we go anyway:
"Goldman Sachs' Owen Birrell told clients Napier Port was New Zealand's fourth largest port for handling shipping containers and sixth biggest when it came to bulk cargo.
The company was said to expect $NZ104.6 million ($100 million) revenue in the 2020 financial year, $NZ43.3 million operating EBITDA and $NZ21 million in profit after tax.
Birrell told clients the port was worth $NZ518 million to $NZ616 million in terms of its enterprise value, or 12 to 14-times forward earnings." - AFR
The brokers sound like, Craigs, Forsyth Barr and JB Were. Forsyth Barr have decent exposure in the Hawkes Bay.
heres the link
https://www.afr.com/street-talk/napi...0190627-p521r4
pot trading at pe of 44 so plenty of upside a lol
i see in the AFR again today they saying the aussies will bid the price up in ipo to make sure nobody gets it cheap because they can cause its a infrastructure yield play.
I dont like the fact the port is paying the council 50 - 60m special div just before the ipo thats money could have been spent in the upgrade. or are using ipo proceeds to pay them lol