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Thread: Napier Port IPO

  1. #1
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    Default Napier Port IPO

    Up to 45 percent of Napier Port is expected be listed on the NZX in the middle of next year.

    Another POT style success story?

  2. #2
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    Do you know who is participating in the IPO? can we get a slither through ASB/ANZ?

  3. #3
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by Chanchay View Post
    Do you know who is participating in the IPO? can we get a slither through ASB/ANZ?
    Council only voted to progress with the float on the 19th. Final decisions on a share offer will be in the New Year.

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    Quote Originally Posted by Hectorplains View Post
    Council only voted to progress with the float on the 19th. Final decisions on a share offer will be in the New Year.
    this wont happen any time soon...or it shouldnt. They have missed the market meantime.

  5. #5
    Senior Member Marilyn Munroe's Avatar
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    The proposed new container wharf development is described on the port web site. I have three queries.

    The what will it look like images do not show the cranes to be used to work vessels along side. As part of the development does the Port intend to install a conventional container crane or use the existing swiveling jib cranes?

    The new container berth is only partially protected by a breakwater. Is this sufficient protection from swells?

    The latest annual report shows an increase in containers across the wharf. To what extent is this a blip caused by earthquake troubles in the Wellington Container Terminal?

    Boop boop de do
    Marilyn
    Last edited by Marilyn Munroe; 22-12-2018 at 12:16 PM.
    Diamonds are a girls best friend.

  6. #6
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    Does anyone have any up to date info re the above IPO. Heard a whisper maybe next month.

  7. #7

  8. #8
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    Thanks mate appreciate that

  9. #9
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  10. #10
    percy
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    I gave Craigs my expression of interest a few weeks ago.Look forward to reading the prospectus.

  11. #11
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    Boats usually come with cranes.

  12. #12
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    I wonder if anyone using asb securities will be able to buy? I suspect this will be an opportunity for only a few people, then the open market price will go up 20% almost immediately after the ipo...

  13. #13
    percy
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    Agree.
    I expect clients of the major brokers will receive very modest allocations.

  14. #14
    Guru peat's Avatar
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    Quote Originally Posted by percy View Post
    Agree.
    I expect clients of the major brokers will receive very modest allocations.
    there will be plenty for iwi and locals though

    The Regional Council confirmedthat all Hawke’s Bay residents, including local iwi,wanting to buy shares in Napier Port would be offered aguaranteed minimum allocation of shares

    I wonder if there is some possible conflict in that though with the main man a
    Hon Rick Barker
    being
    ChiefCrown Negotiator
    with the
    Minister for Treaty of Waitangi.


    For clarity, nothing I say is advice....

  15. #15
    Membaa
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    Quote Originally Posted by peat View Post
    there will be plenty for iwi and locals though

    The Regional Council confirmedthat all Hawke’s Bay residents, including local iwi,wanting to buy shares in Napier Port would be offered aguaranteed minimum allocation of shares

    I wonder if there is some possible conflict in that though with the main man a
    Hon Rick Barker
    being
    ChiefCrown Negotiator
    with the
    Minister for Treaty of Waitangi.


    Maybe, but not worth worrying about imo, just get some if you want some. Us minnows are at the back of the queue but we’re in the queue if we want some.

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