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Does anyone have estimates of share price this could attract once listed??
FY18
Revenue ~93m
NPAT ~17.4m
Op Cashflow ~28m
Debt 80m
Should be a 300-400m valuation.
Solid, boring and probably overhyped... I'd buy in if valued at lower end of 300...
Knowing how it usually goes will likely end up closer to 500.
They need re $190 million for this
6 Wharf will be a multi-purpose 350 metre length wharf, planned to be located along the northern face of the existing container terminal. The 6 Wharf expansion project includes a dredging programme which will create a new vessel turning area. The project has received all resource consents expected to be required, with other construction related consents such as building consents still to be obtained.
The key operational benefits of the 6 Wharf expansion project include:
- Reduced congestion: 6 Wharf will improve operating efficiency by reducing secondary vessel movements (temporarily moving vessels off wharves to accommodate other vessels) by an estimated 100 movements per year
- Ability to handle larger vessels: 6 Wharf will be able to handle container ships up to 320 metres in length and cruise ships up to 360 metres in length
- Extending the Port’s container vessel capacity
- Allowing berthing for larger container vessels 24-hours per day
- Operational agility: 6 Wharf will be used for both container and cruise ships, and will be capable of supporting twin lift gantry cranes if required in the future
- Operational resilience: 6 Wharf’s design improves the Port’s potential resilience to a significant seismic event
Bit of news in the Herald this morning re the Napier Port float. 4% expected yield.
c.f.
MMH 4.14%
POT 4.07%
SPN 5.47%
Doesn't sound very exciting. Will it be in an index? Probably worth stagging if bigger institutional investors have to buy more but the amount you might get allocated probably doesn't make it worthwhile. Although infrastructure and utility assets appeal to my conservative nature. Although accepting 4% means my retirement savings in theory need to climb from $1mill at 7% to $1.75mill at 4% not looking likely at this stage especially as acceptable yields keep dropping. That's right I am hoping for $70k before tax from my retirement savings. Probably just enough to not be entitled to any national super when I retire.
seems fairly priced for the times. probably be huge demand because of the current climate for infrastructure type stocks i imagine
Or would u be better just to buy POT shares?... what’s hb got? Logs and apples, both will prob be already on long term arrangements through POT?... will it be able to compete, looks like a volume game to me...
The apple industry from memory will grow around 15% per annum for Hawkes Bay, that is if they will not plant any new trees. We all know that new trees are being planted all the time, with a new huge farm changing from livestock to apples and vineyards getting vines removed and replaced with apples. I am picking within the next 5 years apples will easily double in quantity if not treble. The only thing I cannot understand is where is the labour coming from to collect all these apples. This year we have seen a huge amount of apples left on the trees, due to maturity issues and an undersupply of pickers. The majority of orchardists blamed the government stopping overseas pickers coming in to collect the fruit.
I don't know what will happen with the logs, but a friend mentioned that logs should not change too much, as the logs heading overseas are not the best quality logs
My intention will still be to purchase a few thousand shares in the port. I would prefer the Napier Port to be primarily owned by the people of Hawkes Bay.... Well at least 50% of it including council.
Not so sure about logs, the way prices are going and A massive supply from Russia now through a new railway corridor to China could mean the trees are just left to grow until prices improve again.how long its going to take, who knows.Could be tough times ahead for forest owners and all the infrastructure, truckers etc that go with it
Yep growers will be competing for labour and the higher value crops will win! That’s the thing about POT they have kiwi fruit and diary also, just a few more strings to their bow.... I’m pretty sure most NZ timber that goes to China is used for paper, thus low value timber.
You can be a reactive person yet again again but maybe look at the divisive situation that has happened here.
Ive chosen to amalgamate to an extent and think of the two sites as one but only share on one . I am not a traitor to this site which has been fantastic over many years as a vehicle for sharing to me and many hundreds of others.. I will share any info i get from anywhere if i think its pertinent and helpful to others. Sometimes i put links up and credits for information IF i have read it no where else. .
Pretty well everything i share ive read or seen or spoken to other people about. I guess like art, sharing information is theft. Ask yourself why you have such over reactions to things and you will find a growth edge for yourself and become a less volcanic person and more accepting and loving of the skin you are in. Best wishes there.