IFT - Infratil

[kiora]

I still consider the stock under-valued on those projections. may look to scale down once it hits the $3.00-3.10 mark but it really depends where they look to employ funds next...

Well benjitara its hit our $3.Now what ?

[benjitara]

Well benjitara its hit our $3.Now what ?

Not too sure. half yearly might give us a little more of an idea. I like the management though.

[silu]

A nice gain on the share price and a special dividend to boot. Pretty happy IFT holder right here.

HALFYR: IFT: Infratil Results for Half Year to 30 September 2014

Infratil delivered a net surplus of $399 million (71 cents per share) up from
$230 million (39 cents) for the same period last year.

After adjusting for asset sales the full year consolidated EBITDAF guidance
range is unchanged at $475 million to $500 million, indicating the mainly
stable operating conditions facing Infratil's businesses.

Capital investment for the period was $196 million, which is a good sign for
future earnings and value growth. Infratil continues to have a significant
number of internal and external investment initiatives under development.

The most material event of the period was Infratil's sale of subsidiary
Infratil Energy Australia for a net $670 million. This and two other smaller
asset disposals resulted in a gain on sale of $343 million.

The occurrence of both investment and divestment is consistent with what has
been occurring over the last five years. Over this period a total of $2,067
million has been invested and $1,489 million realised.

The recent asset sales have resulted in Infratil having over $600 million on
deposit with its banks and low net gearing. While part of this capacity is
earmarked for investment, $84 million is to be returned to shareholders via a
15 cents special fully imputed dividend and a further $36 million is targeted
for an on-market buyback. If investment plans do not progress as hoped,
consideration will be given to increasing the amount returned to shareholders
in 2015/16.

While it is not possible to be certain about the outcomes of new investments
(or even if they will occur), it is anticipated that Infratil's record of
generating good returns to shareholders over an extended period will justify
their patience.

The ordinary interim dividend is increased to 4.5 cents per share fully
imputed. It will be paid on 15 December 2014 to shareholders registered as at
28 November. The special dividend will be paid on the same date. Since
Infratil initiated its strategy of gradually and sustainably raising its
ordinary dividends they have risen from 6.25cps to this year's 11.5cps, a 16%
per annum rate of increase

[dingoNZ]

Fantastic result for all holders. You all should see a nice boost in the SP today

[kiora]

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Long term IMHO IFT steady 17 % PA long term return with plenty in pipe line and low gearing; Disc held long term , beats the 'long shots' ??? You can afford to borrow to buy this one to increase the return on your investment.

Special Dividend ! bugger for another problem! Do I pay off some of the mortgage or reinvest ???

[Mista_Trix]

... Do I pay off some of the mortgage or reinvest ???

I know that feeling :-S

... the other is "do I tell the Mrs, she'll probably want to spend some of it... maybe I just quietly re-invest"

[kiora]

I know that feeling :-S

... the other is "do I tell the Mrs, she'll probably want to spend some of it... maybe I just quietly re-invest"

I can sympathise with you there Mista Trix. I will let her spend 10 % of it then she's happy. Might as well enjoy it

[couta1]

Fantastic result for all holders. You all should see a nice boost in the SP today

I'm wondering how much boost will occur as guidance for year remains the same ,extra money in the bank from assert sales. Disc-Looking to jump in to collect special divvy, held heaps of their bonds in the past.

[BIRMANBOY]

SP has gone up 50 cents since sept... (uncharacteristic rise) .and you are getting 15 cents special div...whoopee.... I'd be looking for a plunge after that...of more than 15cents.....That carrot may not be as succulent as it appears?

[couta1]

SP has gone up 50 cents since sept... (uncharacteristic rise) .and you are getting 15 cents special div...whoopee.... I'd be looking for a plunge after that...of more than 15cents.....That carrot may not be as succulent as it appears?

Yes you could be right it might behave like AirNZ did after special.