everything honk dory at the port even new highs today
Napier Port - 2019 trade volumes in line with forecasts
https://www.nzx.com/announcements/343139
Printable View
everything honk dory at the port even new highs today
Napier Port - 2019 trade volumes in line with forecasts
https://www.nzx.com/announcements/343139
Log volumes doing very well according to the report from them the other day
Looks like all the gloom about exposurevto logs was not warranted
It has been good to see the short term ceiling has been hit so far. Congratulations to holders so far on a fantastic listing. I do want this share and will look into it as longterm hold, but not at these prices when there is a lot of headwind coming (as in money spent towards expansions). I wait for the future and hope in the short-term to get in around $2.80-$3 as long as the story is a good story. I maybe dreaming of course in some peoples eyes, but then OCA was a steal at $1 and it went back there after a long time.
Contract to Build 6 Wharf Signed
http://www.scoop.co.nz/stories/BU191...arf-signed.htm
https://www.nzx.com/announcements/344465
I remember the days when we were told by some on here that Napier port was an absolute no go as log prices were going to crash the growth story... seems like that didn't eventuate and the results are (literally) a record on many accounts...
Very tidy result. Strong cashflows. Solid long term asset with growth aspirations. No worries re logs, the wall of wood is coming and they have to be cut with only a few years of leeway.
good result and heres novembers log report
Export demand for logs in November rose along with prices
https://www.interest.co.nz/rural-new...w-their-2-year