At the current price you're in luck! At this stage who knows what the WIAL costs will add up to be - all I can foresee is that the longer this shutdown on boarders and air travel continues the bigger they'll be.
I would be expecting IFT to disclose to the market any material changes similar to AIA's announcements - or am I to optimistic?!
I would expect that it would. The investment in WIAL is sufficiently material to IFT for change to require disclosure IMO.
I would expect that it would. The investment in WIAL is sufficiently material to IFT for change to require disclosure IMO.
WIAL is only around 17% of their business if that, after buying Vodafone.They have finished $300 m of capex
IFT capital management seems pretty good to me.If their bonds where to drop in value I am sure they would be in there buying up
I see they're the share buyback is in full effect. Making the most of the opportunity presented - the question I have is if this is the best use of their cash given the current worldwide situation. I'm not a holder, haven't owned before and have kicked myself for not buying when it was previously in the low 3's (approx. 2 years ago I think). Looking for a sound entry point, anyone have a target price in mind? Cheers
I like the buyback a lot. Wish they would buyback even more stock than they are now. Think its an incredibly pragmatic move to make. The benefits won't be seen until the recovery.
I like the buyback a lot. Wish they would buyback even more stock than they are now. Think its an incredibly pragmatic move to make. The benefits won't be seen until the recovery.
The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.
Would be better to let the price tank and start the buyback once the chart looked more promising.
"The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.Would be better to let the price tank and start the buyback once the chart looked more promising."
Are these "musings" correct?
This would be like trying to control Coronavirus with natural immunity in my view
There is nothing like price drops to install fear in the markets.Confidence needs to come back in to the market and this will be part of their reasoning.
Its tanking like most stocks I suspect due to lack of liquidity in the total market.
Passive funds will have needed liquidity due to redemption's in their funds and selling will be indiscriminate and with out logic .
Have they been buying too soon?.I have been thinking they have been very disciplined
IFT only started this buyback in Feb https://stocknessmonster.com/news/ift.nzx/2020/
In daily lots of 50,000 to start with when it was above $4
Larger lots when in high $3
Holding a number of blue chip bonds ... including CNU020 and IFT190. Noticed in the last couple of weeks the interest rates for bonds going up, presumably reflecting the markets concern that some of these companies might drop somewhat in their credit rating.
Interesting however to compare these rates ... the interest rates demanded for IFT190 (and other IFT bonds) basically went through the roof compared to other good corporate NZ bonds. Just wondering whether the market wants to tell us something?
Are you seeing/interpreting the the same rates I am seeing BP?
I am seeing IFT 120 interest rate here at 6 % with not a lot of volume.Does this mean a holder is trying trying to raise cash? or liquidating assets?
Originally Posted by Valiant
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