$218-$240 million for NZ Bus
Agreement to Sell New Zealand Bus to Next Capital 2 pages 289.3KB
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$218-$240 million for NZ Bus
Agreement to Sell New Zealand Bus to Next Capital 2 pages 289.3KB
retire aus ceo baled wonder if it because the RC starts tomorrow anyway shares still tracking nicely
everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
True - hindsight would be an excellent guide, if we could go back in time ;);, but thanks for the reminder.
Looking however forward - it looks to me that the market overvalues IFT at the moment. SP is around analyst consensus, and analyst consensus is for my feeling anyway a bit high for this share. Average backward PE is 14, average forward PE is nearly 23. Growth (revenue and / or earnings) is not existent - and let's face it, which of their investments is likely to make in the short term outstanding capital gains? TPW is a boring gentailer and currently more at the upper price boundary. Their alternative energy investments may or may not bear fruit in a decade or two - and I never understood anyway what brought them into student accomodation. Does not sound like an easy money spinner to me. And their datacentres? Well, not that hard for competiton to build some as well if datacentres are the cash cows of the future (which I doubt).
So - sure, they will keep making some money, but to justify their current SP they would need plenty of sustainable growth. Not sure I see where this is supposed to come from.
I trust you are selling?