IFT - Infratil

[couta1]

If you read the company accounts you will see that NTA was $3.00 at half-year.

Best Wishes
Paper Tiger

I just used the latest figures on the ANZ securities website says NTA of $4.98 and PE of 24, last week they were showing $3.09 NTA and a PE of 4, so as you say always best to go to the company accounts. Anyway it's still trading below NTA currently.

[Lewylewylewy]

Why so far below the published NTA, I wonder? Has anyone calculated the NTA from company accounts?

Wonder if there'll be a stripping acquisition?

[kizame]

If you read the company accounts you will see that NTA was $3.00 at half-year.

Best Wishes
Paper Tiger

Yeah so if half yr NTA is $3 then full yr NTA is $6, wo way undervalued haha

[couta1]

Yeah so if half yr NTA is $3 then full yr NTA is $6, wo way undervalued haha

Which is another way of saying the current SP holds deep value, either term will do for us holders aye.

[JayRiggs]

Where does the NTA of $4.986 come from then?
This is what's displayed in ASB Securities and NZX.com.

[Hectorplains]

Where does the NTA of $4.986 come from then?
This is what's displayed in ASB Securities and NZX.com.

Just a guess-the difference could be book value vs market value of assets?

[kizame]

The chart is starting to look really enticing,but will wait a bit.

[Snow Leopard]

Yeah so if half yr NTA is $3 then full yr NTA is $6, wo way undervalued haha

Now I thought that you were a smart enough cookie to spot that practically very company in the world makes nearly all of their NTA in the first reporting period of the year - although how that happens is one of the great mysteries of the accounting world (you have to be a member of some secret society to be told the truth).

What apparently is also a secret, at least to most of the posters on this thread, is another accounting weirdo (I am still convinced that accounting is actually really easy but they deliberately make it difficult for some reason known only to themselves) whereby poor old IFT have to say in the accounts:
'This is our total net assets ($2,982M), except for all the of bits that are not our net assets ($1,117M)"
[see page 2 of the link I provided in my last post]

Best Wishes
Paper Tiger

[Learning slowly]

Now I thought that you were a smart enough cookie to spot that practically very company in the world makes nearly all of their NTA in the first reporting period of the year - although how that happens is one of the great mysteries of the accounting world (you have to be a member of some secret society to be told the truth).

What apparently is also a secret, at least to most of the posters on this thread, is another accounting weirdo (I am still convinced that accounting is actually really easy but they deliberately make it difficult for some reason known only to themselves) whereby poor old IFT have to say in the accounts:
'This is our total net assets ($2,982M), except for all the of bits that are not our net assets ($1,117M)"
[see page 2 of the link I provided in my last post]

Best Wishes
Paper Tiger

I suspect you know the answer and are fully taking the p$%%, but to put it a different way 'Here are the total assets we have control over ($2,982M), but some other punks have a non-controlling share in those assets ($1,117M)'

[bottomfeeder]

The IFT Perpetual Bonds which were paying 4.26 % up until 15 November 2016, and then reduced to 3.63% are still listed under Direct Broking and I assume all other websites as still having a return of 4.26%. This is very misleading to those investors who havent read the company news, or are not aware of the yearly reset in interest rate.