IFT - Infratil

[Leftfield]

I have been watching this share for a while now. In the last couple of months it has seemed to be heading down. However
in the last few days it has jumped through the 20 day and 120 day moving averages I that I particularly watch on my charts.
It also got a very good report from Forsyth Barr back in May.

To me it has become a buy.

joey

Perhaps also anticipation of the Z energy float/sell-off?

[noodles]

Perhaps also anticipation of the Z energy float/sell-off?

I wonder if IFT shareholders will get a priority allocation?

[andysh]

Some good volume going through today, wonder why? At least it is going in the correct direction.

Disc: Hold.

[andysh]

http://www.nbr.co.nz/article/infratils-plans-z-proceeds-debt-reduction-buyback-aussie-windfarms-bd-145607

Info on what Infratil might look to do with the proceeds from Z

[andysh]

Infratil have released a study on the central buying of electricity:

http://www.infratil.com/assets/Uploa...tm_term=Update

[kiwitrev]

Ift share buyback ann. today 24m shares at max. price $2.60 starting October. SP reaction today plus 9c

[andysh]

Always a nice bonus, can you tell that I hold?

[macduffy]

It's also, of course, an implicit admission that the capital can't be spent in an alternative way. A good discipline against empire-building but as moosie suggests, not all companies have that discipline. Now, if only IFT could get rid of those pesky European airports!

[macduffy]

First NZ Capital likes Infratil!

http://www.nzherald.co.nz/business/n...ectid=11136211

[macduffy]

I had a bit of spare time this morning so went back and re-read IFT's market update of 27 September. It's not often that a company updates its shareholders - and the market - to the extent that Infratil has in this document. Well worth the read - particularly the estimate of net asset value of $3.08 - $3.69.

http://www.infratil.com/assets/Uploa...ket-Update.pdf

If Infratil wasn't already one of my biggest NZ holdings I'd be selling something to buy some more at current SP.