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Thread: IFT - Infratil

  1. #1021
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    Quote Originally Posted by kiora View Post
    Slowly grinding up to $1.85 that Phaedrus mentioned a while back.You may get there yet belgarion
    It's certainly not going anywhere in a hurry is it

  2. #1022
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    Quote Originally Posted by Infratil update
    After six months of the financial year the first half has been notably positive. The seamless transition of Greenstone Energy to local ownership is a credit to the management team assembled by Mike Bennetts. It also reflects well on Shell who spent 100 years building a successful New Zealand business. Infratil Energy Australia's transition into an integrated nationwide Australian energy company was covered by the September Update.

    At a more business as usual level, the accord reached between the Wellington leaders group and Air New Zealand and Pacific Blue is positive for the Capital's airport as is the growth in domestic air capacity signalled by Air New Zealand and Jetstar. NZ Bus chalked up good patronage support, and progress is being made with the development of a new national public transport contracting regime. Snapper is now on Wellington ferries, buses, taxis and 230 shops. TrustPower is on track with its Mahinerangi wind farm and the Emissions Trading Scheme ("ETS") has been introduced in New Zealand (at no cost to TrustPower which is 100% renewable).
    Looking forward to IFT's 6mth results on Nov 16th

  3. #1023
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    Looks possible we may close above $1.85 breaking the trading range. Bullish signal leading up to the result announcement.. time to buy??

  4. #1024
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    if you look at the different petrol stations where I live, Shell is always busy not so BP and Caltex, bit like KFC shops and you know what has happened to its share price. ? due to flybuys with Shell. I'm overwght IFT

  5. #1025
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    nice open
    could be resistance at the 1.90 - 2.00 area but 2.30 here we come
    For clarity, nothing I say is advice....

  6. #1026
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    Nice result should rerate upwards based on their profit upgrade.
    Breakout in price was beginning off oct this occurred from a 14 mth odd bottom triangle pattern so aggressive buyers would have brought before breakout , less agressive at beginning oct.
    The same applied if you were watching the trading range as P mentioned aggressive buy at bottom , less aggressive buy breakout now.
    Triangle was within the trading range so you had multiple technical patterns to watch for your buying decision.
    one step ahead of the herd

  7. #1027
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    Quote Originally Posted by bull.... View Post
    Nice result should rerate upwards based on their profit upgrade.
    Breakout in price was beginning off oct this occurred from a 14 mth odd bottom triangle pattern so aggressive buyers would have brought before breakout , less agressive at beginning oct.
    The same applied if you were watching the trading range as P mentioned aggressive buy at bottom , less aggressive buy breakout now.
    Triangle was within the trading range so you had multiple technical patterns to watch for your buying decision.
    Yes, instructive looking back at our various musings around end Sept/early Oct.

  8. #1028
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    Just having a quick flick through the results you shareholders paid $16 million to Morrison & Co during the 6 months in question. Interesting how that is always buried very deeply in the results.

    That is the biggest problem with IFT - all the ticket clipping that goes on at various stages.

    That is a lot of "value" that Morrison & Co need to create.

    But good luck to them :-)

    IEA and Greenstones results are promising. TPW is mature now though and won't be the same growth engine that in the past drove IFTs wonderful history.
    Last edited by Traderx; 16-11-2010 at 10:28 AM.

  9. #1029
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    Quote Originally Posted by Traderx View Post
    TPW is mature now though and won't be the same growth engine that in the past drove IFTs wonderful history.
    Maybe they will/should consider flicking their interest in TPW like they did with Port of Tauranga several years ago, on the grounds that it had reached maturity and IFT could suck no more added value out of it. However, their share of TPW (50%) is much greater than they had in POT (something like 30%?) and would be more difficult to achieve, although the Mum and Dad investors would probably lap it up - once more confidence has been restored to the market, if ever that eventuates!

  10. #1030
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    good webshow for the results presentation on their website


    tax seems high this period (mainly due to prop depr disallowance)
    with earnings 2.7 cps for 6 mths P/E is very high so any potential growth is priced in already to some extent.
    results are quite seasonal so normalization needs to be factored in for future results

    but seems well managed both financially as well as operationally with lots of successful projects coming through.
    Last edited by peat; 16-11-2010 at 08:14 PM.
    For clarity, nothing I say is advice....

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