Put Your Feet Back On The Ground..
Quote:
Originally Posted by
peat
Well I will make a post in this thread even if not an owner because its much more than just a sharetrade at issue here, its the distinction - which this government has failed to make - between allowing (yet alone encouraging) foreign investment and protecting local resources.
This government has until now resisted the urge to make politically expedient decisions so this decision is a little surprising to me. Clearly its ideologically based and even if it probably wont alienate their main electoral support base, with the new Chinese FTA it will likely bring about difficult decisions in the future.
So for the share, now its back to a question of value , according to FINDATA the NTA is at 1.90 and the chart as well shows a lot of support around that level. PE at 23 is still pretty high really. But that's probably historical, so could be lower. I suspect earnings are pretty stable and that yield and a blue-chip (eek that word is tainted now) utility factor will support this share if times get tough.
IS a nice story but lacks detail,, The gov said "Its not in the best interests of NEW ZEALAND" that's there decision for the whole of NEW ZEALAND that's there JOB and that's what happened the DEAL is off. THE real worry now is who bought & sold yesterday over 19,000,000 million AIA and made a big day for NZX that's the question NOW..