IFT - Infratil

[artemis]

whats the point in electric buses?

costs a more to buy them than current buses
tender periods are to short for contracts , might not get your investment back within the concession period of contract
issues over battery performance

They have a lot of unused buses, including decommissioned trolley buses, so cost will be related to the conversion not ab initio purchase.

Can't recall the details but the contracts for the Wellington routes NZBus still holds were not out for public tender, so some sort of right of renewal.

[artemis]

dont make me laugh , they cant even afford the things they promised in the election ( doctor visits canned today) so i doubt very much they are going to subsidise this

Mr Shaw did float the idea of a levy on imported petrol and diesel vehicles, this to subside EVs.Sounds like lead balloon country.

[Ggcc]

Mr Shaw did float the idea of a levy on imported petrol and diesel vehicles, this to subside EVs.Sounds like lead balloon country.

Just went through Wellington airport and spoke to shuttle driver. He mentioned they had big plans at airport for a total revamp of parking area. I noticed that their long term parking was almost too small (lost revenue there). I hope if they look into it and hope they may change this. The rest of the parking area was reasonably empty......

[bull....]

Just went through Wellington airport and spoke to shuttle driver. He mentioned they had big plans at airport for a total revamp of parking area. I noticed that their long term parking was almost too small (lost revenue there). I hope if they look into it and hope they may change this. The rest of the parking area was reasonably empty......

plenty of scope for improved revenues here , new hotel on airport land etc

[bull....]

The Energy and Resources Minister Megan Woods admits she can’t be sure there will be enough affordable clean energy available to fill the gap left when New Zealand’s natural gas reserves run out as soon as within the next 10 years

https://www.interest.co.nz/business/93566/energy-and-resources-minister-megan-woods-talks-nzs-comparative-advantage-producing

opportunity for infratil to fill the gap with wind as suggested by woods

[BlackPeter]

The Energy and Resources Minister Megan Woods admits she can’t be sure there will be enough affordable clean energy available to fill the gap left when New Zealand’s natural gas reserves run out as soon as within the next 10 years

https://www.interest.co.nz/business/93566/energy-and-resources-minister-megan-woods-talks-nzs-comparative-advantage-producing

opportunity for infratil to fill the gap with wind as suggested by woods

Lets hope for shareholders they don't; Gas is cheap and easy to control - you can switch on and off a gas turbine exactly when you need it.

Wind is not controllable at all. Sometimes it blows, sometimes it doesn't - and its availability is in no way correlated to its need. As well - given it is not controllable does the country need to be able to supply 100% of the peak electricity demand without wind - i.e. always building and maintaining more generation capacity than what it otherwise would need ...

If you want to know what the return on investment for a wind farm in New Zealand is - look no further than NWF and ask the shareholders who put in a buck a share more than 10 years ago how happy they are with the returns on this investment. Just in case you are not familiar with this company (New Zealand Wind farms): their dollar turned into 12 cents, they received the first decade no dividend at all - and only recently 0.7 cents. Pathetic investment (for the shareholders of the first hour ... (which IFT would be as well if they build wind farms in NZ).

But maybe IFT wants to make a takeover offer for NWF? Lots of expensive infrastructure very cheap to buy ...

Discl: hold at current neither IFT nor NWF - but with latter still bruised from the experience ...

[bull....]

Lets hope for shareholders they don't; Gas is cheap and easy to control - you can switch on and off a gas turbine exactly when you need it.

Wind is not controllable at all. Sometimes it blows, sometimes it doesn't - and its availability is in no way correlated to its need. As well - given it is not controllable does the country need to be able to supply 100% of the peak electricity demand without wind - i.e. always building and maintaining more generation capacity than what it otherwise would need ...

If you want to know what the return on investment for a wind farm in New Zealand is - look no further than NWF and ask the shareholders who put in a buck a share more than 10 years ago how happy they are with the returns on this investment. Just in case you are not familiar with this company (New Zealand Wind farms): their dollar turned into 12 cents, they received the first decade no dividend at all - and only recently 0.7 cents. Pathetic investment (for the shareholders of the first hour ... (which IFT would be as well if they build wind farms in NZ).

But maybe IFT wants to make a takeover offer for NWF? Lots of expensive infrastructure very cheap to buy ...

Discl: hold at current neither IFT nor NWF - but with latter still bruised from the experience ...

check out tilt renewables part of infratil plenty of there portfolio is wind and they are expanding from cashflows so i think a comparison with nwf ( a speculative company) is in no way a comparison either in company or management.

[huxley]

Pretty sure TLT will sit on its nz wind projects and wait for a counter party to offer it a minimum contracted revenue (could be govt, like what is currently being considered in Australia).. it’s a bit disingenuous to compare the IFT wind assets to nz wind farms

[BlackPeter]

check out tilt renewables part of infratil plenty of there portfolio is wind and they are expanding from cashflows so i think a comparison with nwf ( a speculative company) is in no way a comparison either in company or management.

Aware of TILT and clearly they are a different play than NWF. However - would you say that Tilts earnings and / or share price development are convincing? The market appears to disagree:

Attachment 9662

Beautiful downtrend so far, and not without reason. Are you prepared to pick the bottom?

[Hectorplains]

But maybe IFT wants to make a takeover offer for NWF? Lots of expensive infrastructure very cheap to buy ...

Discl: hold at current neither IFT nor NWF - but with latter still bruised from the experience ...

Haha, I hope not! They surely had a good chance when Vector's shares went on the block. Vector were happy then to flick them at a considerable discount ...

By the by, Tilt is a terrible name for a company...