Napier Port IPO

[RTM]

To me in the short term it means downgrade

Agreed.
One good thing was new wharf going to be completed on time and below budget.

[Southern Lad]

I see there are quite a few cruise ship visits penciled in for next summer:

https://www.napierport.co.nz/quick-l...uise-schedule/

The presentation notes that although there are 90 visits scheduled, cancellations are likely. At least some upside for FY23!

[nztx]

Now down to 2c above IPO price today .. nothing stopping further free fall either, I guess
after shedding the div 5 days ago ..

[nztx]

https://www.nzx.com/announcements/395096

Third Quarter 2022 Trade Volumes

Napier Port (NZX.NPH) today releases trade volume data for the third quarter and nine months ended 30 June 2022. Compared to the third quarter in 2021, containerised cargo volume increased by 1.5% and bulk cargo volume decreased by 2%.

Log volumes for the quarter remained relatively high, despite a small decrease compared to the prior year, largely due to the third quarter 2021 being the highest quarterly log export volume on record at Napier Port.

‘Despite the improvement in volumes since the first half of the financial year, we are continuing to see the impact of shipping constraints, coupled with reduced overall production within customer operations caused by Covid, labour shortages and weather events.’

Log export volumes decreased 42k tonnes, or 5.1%, to 774k tonnes for the third quarter and 154k tonnes, or 6.9%, to 2,090k tonnes for the nine months as relatively high export volumes were maintained and export conditions remained largely unchanged from the first half of the financial year.

Charter vessel calls for the third quarter were 81, down from the 89 calls in the prior year, and principally due to larger average vessel load sizes for log charters.

[Nor]

How do I make my text coloured?

[Nor]

Something I've learnt by experience - never invest in two shares at the same time because one of them is always a mistake. My top up on NPH being the most recent example.
Still they pay a dividend and I'm a long-term investor.

[Sideshow Bob]

How do I make my text coloured?

When writing a post, click on the big letter "A" on the toolbar and then select to colour.

[Nor]

Thanks must be only on the full site but I'm not going there because when I did last time I couldn't get back to mobile.

[percy]

Something I've learnt by experience - never invest in two shares at the same time because one of them is always a mistake. My top up on NPH being the most recent example.
Still they pay a dividend and I'm a long-term investor.

Easy fixed.
Sell the loser and recycle the funds into more of the winner.
It really works..

[Nor]

Yeah but all my life it has been an aim to steer clear of being classified as a trader. So I tend to grin and bear it.