I would expect that it would. The investment in WIAL is sufficiently material to IFT for change to require disclosure IMO.
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Oil does not affect the Electricity sector,Tiwai does and Al is way down.
Well, we got a statement from IFT but really nothing to say at this stage.
:closed eyes:
The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.
Would be better to let the price tank and start the buyback once the chart looked more promising.
"The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.Would be better to let the price tank and start the buyback once the chart looked more promising."
Are these "musings" correct?
This would be like trying to control Coronavirus with natural immunity in my view
There is nothing like price drops to install fear in the markets.Confidence needs to come back in to the market and this will be part of their reasoning.
Its tanking like most stocks I suspect due to lack of liquidity in the total market.
Passive funds will have needed liquidity due to redemption's in their funds and selling will be indiscriminate and with out logic .
Have they been buying too soon?.I have been thinking they have been very disciplined
IFT only started this buyback in Feb
https://stocknessmonster.com/news/ift.nzx/2020/
In daily lots of 50,000 to start with when it was above $4
Larger lots when in high $3
hope they cancel there buyback , repay debt is more important now
Holding a number of blue chip bonds ... including CNU020 and IFT190. Noticed in the last couple of weeks the interest rates for bonds going up, presumably reflecting the markets concern that some of these companies might drop somewhat in their credit rating.
Interesting however to compare these rates ... the interest rates demanded for IFT190 (and other IFT bonds) basically went through the roof compared to other good corporate NZ bonds. Just wondering whether the market wants to tell us something?
yellow line: IFT190, blue line: CNU020
Attachment 11168
Is this just Wellington Airports - or do we need to take a bit better look at the other IFT investments as well?
Are you seeing/interpreting the the same rates I am seeing BP?
I am seeing IFT 120 interest rate here at 6 % with not a lot of volume.Does this mean a holder is trying trying to raise cash? or liquidating assets?
https://stocknessmonster.com/charts/ift190.nzx/
https://stocknessmonster.com/charts/cnu020.nzx/
I would have thought IFT would be purchasing these as well as doing the buy back?