Yeah Snapiti was relentless in his negativity in an authoritative manner(I know people in the industry etc). My memory of him on here was very different, i appreciated his being here so am at a bit of a loss how he called it so wrong ATPIT.
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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
Govt stats today show log prices down about 8% if i remember correctly
I recall talking to the owner of a loading company working at the pot after the gfc. He was saying that business went well during the gfc because demand actually picked up due to low prices. Not expected. However, this time the price is reportedly surpressed due to lower demand.
... but hey, who knows. Always worth holding good companies, especially when they're important infrastructure backed by invested government.
hitting new highs again , probably on the back of improving log prices
The wharves are super chocca with logs ATM
Meeting speeches/presentations read well.
A big year and a sense of excitement for the future.
Great company and the best IPO for a long time, well done all holders.