It's certainly not going anywhere in a hurry is it
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Looking forward to IFT's 6mth results on Nov 16thQuote:
Originally Posted by Infratil update
Looks possible we may close above $1.85 breaking the trading range. Bullish signal leading up to the result announcement.. time to buy??
if you look at the different petrol stations where I live, Shell is always busy not so BP and Caltex, bit like KFC shops and you know what has happened to its share price. ? due to flybuys with Shell. I'm overwght IFT
nice open
could be resistance at the 1.90 - 2.00 area but 2.30 here we come
Nice result should rerate upwards based on their profit upgrade.
Breakout in price was beginning off oct this occurred from a 14 mth odd bottom triangle pattern so aggressive buyers would have brought before breakout , less agressive at beginning oct.
The same applied if you were watching the trading range as P mentioned aggressive buy at bottom , less aggressive buy breakout now.
Triangle was within the trading range so you had multiple technical patterns to watch for your buying decision.
Just having a quick flick through the results you shareholders paid $16 million to Morrison & Co during the 6 months in question. Interesting how that is always buried very deeply in the results.
That is the biggest problem with IFT - all the ticket clipping that goes on at various stages.
That is a lot of "value" that Morrison & Co need to create.
But good luck to them :-)
IEA and Greenstones results are promising. TPW is mature now though and won't be the same growth engine that in the past drove IFTs wonderful history.
Maybe they will/should consider flicking their interest in TPW like they did with Port of Tauranga several years ago, on the grounds that it had reached maturity and IFT could suck no more added value out of it. However, their share of TPW (50%) is much greater than they had in POT (something like 30%?) and would be more difficult to achieve, although the Mum and Dad investors would probably lap it up - once more confidence has been restored to the market, if ever that eventuates!
good webshow for the results presentation on their website
tax seems high this period (mainly due to prop depr disallowance)
with earnings 2.7 cps for 6 mths P/E is very high so any potential growth is priced in already to some extent.
results are quite seasonal so normalization needs to be factored in for future results
but seems well managed both financially as well as operationally with lots of successful projects coming through.