Thanks, Ggcc. Were you undercover with those canopies?
The server lady was a little angry, as she was saying people were greedy and eating like it was their dinner and “they were only canopies”. There were loads of pensioners there and maybe it was their weekly outing who knows lol. I tried a few and had a lovely glass of wine
Just went to their meeting tonight in Napier.
Very interesting. Firstly they made it very clear that any money coming from the sale of Tilt would be put back into the business or a share buyback, rather than buying more new businesses outside their industry they are currently invested in. No mention of a special dividend. Historically they said it took a while before people saw the value in CDC and only recently have people seen the value. CDC is currently valued at its future pipeline value. So expects to grow its profit this year by roughly 15% and expects 40% there after when running at full capacity. It is 30% of Infratil’s portfolio and growing rapidly. So CDC might be a 5 billion dollar version of Tilt in a few years
There was a lot of talk about carbon emissions and that the cost currently around $37 per tonne at market value and that the new climate commission report was sent to the government today and results should be out within the next couple of days regarding how New Zealand would need to reduce carbon emissions by 2050 to zero and that the new cost will be higher. They mentioned that the market should try to fix this and not the government by introducing no new legislation. ie the quitting of gas exploration in Taranaki resulting in Huntley power station which uses coal to power for the people. Or something similar to that. Also it was mentioned by Tim Cook that we should have finite carbon credits rather than infinite. I believe Tim Cook is involved with the climate commission.
Vodafone is currently doing really well and is in the process to simplify stuff for the end user and it will help their customer service team Greatly. They say they still have a way to go, but that they are on the right path.
The new acquisition is good with roughly 20% share in New Zealand and not really having a presence in Auckland yet so room for expansion. They expect all areas of this to expand as rehabilitation will be very important for organisations like ACC and people alike with the people over 65 to grow by 25% in the next few years.
Retire Australia had a few obstacles with covid but seems back on track with some growth in the pipeline.
Wellington airport is running at 90% of pre covid. They repaired the runway one year early, and saved 2 million from being able to do it quicker due to fewer/no flights.
Long road I feel will become a Tilt story and I feel that is where they will put the majority of funds (was not mentioned and just my personal opinion). Joe Biden has said he wants America fully green by some unimaginable date, I can’t remember when, but they want to spend $100 billion per year to make it so. Long road is currently valued around $130 million, but that is valued without future pipeline included in that valuation unlike Tilt. They believe they would get a heck of a lot more for long road now than that when including their pipeline. Let alone in 5 years time when they will be expanding rapidly with (expected) multiple contracts. They might sell that for 2 billion US in 5 years time who knows.
Anyway there was more, but those were the points I took from this meeting. Loads to digest. Great canopies as well.
thx , i can see them using the tilt money to built a huge imaging business. fragmented market so ripe for consolidation into larger players. possible vodaphone could be sharpened up and sold ipo like they did with Z energy. dont see it as a growth vehicle long term to acheive there desired rates of return but they can acheive those rates fixing it up.
thx , i can see them using the tilt money to built a huge imaging business. fragmented market so ripe for consolidation into larger players. possible vodaphone could be sharpened up and sold ipo like they did with Z energy. dont see it as a growth vehicle long term to acheive there desired rates of return but they can acheive those rates fixing it up.
They did mention about imaging business aiming to be consolidated, so you are bang on there. With Vodafone they indicated more investment into training and software upgrades to help with customer service, also more investment into 5G and then I agree they could be floated like Z. Vodafone have been performing better with customer feedbacks, but still have a way to go.
Reply With Quote
Originally Posted by maclir
Bookmarks