Napier Port IPO

[Ggcc]

https://www.nzx.com/announcements/358576

But the share price will remain steady......... Then who knows it might actually drop?? I feel with this announcement it seems highly overvalued unless you want to hold longterm

And up she goes?????

[nztx]

PE & Div Yield certainly seem to continue to be grossly out of the park with NPH
and overvalued IMO

What is causing that ?

Surely there can't be that huge a bundle of stubborn HB & other holders who are sitters no matter what ?

Okay so NTA to SP is roughly double, but .. ($1 buys 50c NTA roughly)

Comparing to SPN is a useful yardstick even with possible effects of Tiwai down south costed in..

[JSwan]

Could it be that NPH still has it's price held up there purely because it is in NZX50?

[Filthy]

meanwhile.... over the other side of the fence - https://www.nzx.com/announcements/358818 ....a very solid result from SPN.
much lower PE. better divi. & perhaps a good comparison to use as a yard stick (if nothing else).

[nztx]

meanwhile.... over the other side of the fence - https://www.nzx.com/announcements/358818 ....a very solid result from SPN.
much lower PE. better divi. & perhaps a good comparison to use as a yard stick (if nothing else).

I see that & leaning towards SPN even with Tiwai factor thrown in

SPN probably has a very much tighter held share register though

Discl: Holder in both

[winner69]

Napier Port one of Salt Funds largest shorts on it's long Short Fund

[Nor]

Good. Maybe buying opportunity coming up

[nztx]

The Long lost thread brought forward:

18/11/2020, 8:30 am FLLYR

FINANCIAL RESULTS FOR THE YEAR TO 30 SEPTEMBER 2020


Net Profit up 221% (mostly due to Slashed Finance Costs even with reduced Interest rates)

Div payable 18 Dec 2020 - 5.0 cps & Fully Imputed


No June 2020 Div was paid & No / curtailed Cruise ship activity features

Freight recoveries appear to have 'filled the gap'

Does this result really look at all that bad ?

SP retreated back on the announcement to $3.54 - obviously the Market may not be impressed
or too early & still eyes digesting it ?



https://www.nzx.com/announcements/363388

[Timesurfer]

Auckland port applying a congestion tax on its freight now.
A good chance that this government will reinstate NZ based coastal shipping services.
You might get boost yet?

[Sideshow Bob]

Auckland port applying a congestion tax on its freight now.
A good chance that this government will reinstate NZ based coastal shipping services.
You might get boost yet?

If Auckland port are taxing or charging for congestion - then they are taxing/charging based on their own ineptitude.

https://www.rnz.co.nz/national/progr...delays-wharfie

Maersk & MSC at least have bought in congestion charges via POA.