IFT - Infratil

[Ggcc]

Climbing very rapidly today. That is nice to see. Maybe another All Time high around the corner

[kiora]

Index buying ahead of end of the month?
https://nz.finance.yahoo.com/quote/IFT.NZ/holders/

[Toddy]

A fair bit of stock changed hands after the bell today. Always a good sign when the Brokers are working after 5 to fill orders.

[warthog]

Been a while since i've posted on this thread. Had some time to digest the investor day packs and watch the presentation. So a few random thoughts.
IMHO IFT remains the best placed risk adjusted public investment on NZX by a long shot. So many tail winds are in evidence, but particularly the AI growth into datacentre deployment, into data infrastructure growth and finally into green renewable energy demand. IFT sits across so many strong thematics / tail winds / growth areas. Beautifully positioned / poised!

Interesting post 3141592. Thank you.

IFT features significantly in the hog's current portfolio. It is well-positioned in respect of the confluence of large-scale trends we find ourselves in the midst of.

[warthog]

A fair bit of stock changed hands after the bell today. Always a good sign when the Brokers are working after 5 to fill orders.

Interesting. It's been the hog's understanding that in NZ, post-market transactions are simply the eventual reporting of intraday position crosses and off-market transfers, etc.

Do you have some first-hand, NZ experience that gives you more robust insights or certainty into such transactions? If so, would appreciate hearing.

[mwri]

Close to hitting that $11 mark

[Toddy]

Interesting. It's been the hog's understanding that in NZ, post-market transactions are simply the eventual reporting of intraday position crosses and off-market transfers, etc.

Do you have some first-hand, NZ experience that gives you more robust insights or certainty into such transactions? If so, would appreciate hearing.

True, but this is the NZX where there is plenty of time to do the paperwork during the daytime.

My feeling is that there is some news on the way.

.

[Muse]

Interesting. It's been the hog's understanding that in NZ, post-market transactions are simply the eventual reporting of intraday position crosses and off-market transfers, etc.

Do you have some first-hand, NZ experience that gives you more robust insights or certainty into such transactions? If so, would appreciate hearing.

link below makes for good reading, I refer to it often to remind myself how it all works.

https://www.nzx.com/services/nzx-tra...-a-trading-day


"Once the opening auction has completed, the market goes in to its Continuous or Regular Trading Session. This is the session that most people recognize as the market trading session. Bids and Offers can be placed, amended and deleted, on-market trades can occur (if a bid price and an offer price “meet”), and off-market trades can be reported to market. This session is continuous – with no breaks – from 10:00am until 4:45pm every trading day, and is the session in which most trading occurs.

At 4:45pm, the market enters its Pre-Close Session. The Pre-Close session is virually the same as the Pre-Open session – it just occurs at a different time of the day. In Pre-Close, you can place, delete and amend orders, but you cannot report off-market trades. Any off-market orders negotiated during this time must be reported during the Adjust session (see below).

The Closing Auction occurs at a random time 30 seconds either side of 5:00pm (ie, at any time between 16:59:30 and 17:00:30). Like the opening auction, the closing auction is a single price print which becomes the official close of the stock on the day. If there are no trades in a stock in the closing auction, the last sale during the regular session becomes the official closing price for the day.

The Closing Auction algorithm is exactly the same as that used in the Opening Auction. It will compute the price at which it can clear the greatest amount of stock, and all bids and offers at, and overlapping, this level will execute at this, single, closing print price.

After the Closing Auction print, the market enters its Adjust Session. In this session, orders can be amended, but not improved (ie bid prices can be reduced and offer prices moved higher, but not the converse, and order sizes can be reduced but not increased). Existing orders can be cancelled, but new orders cannot be placed into the market. Off-market trades can be reported.

At 5:30pm, the market re-enters its Enquiry State, and the whole cycle starts again."


A lot of insto trading occurs during closing auctions.

I also find closing auctions a useful tool to buy or move stock in the lower liquidity NZX50 shares where there is a quarterly rebalance.

[warthog]

True, but this is the NZX where there is plenty of time to do the paperwork during the daytime.

My feeling is that there is some news on the way.

Recent insider buys point in this direction.

[warthog]

link below makes for good reading, I refer to it often to remind myself how it all works.

https://www.nzx.com/services/nzx-tra...-a-trading-day


"Once the opening auction has completed, the market goes in to its Continuous or Regular Trading Session. This is the session that most people recognize as the market trading session. Bids and Offers can be placed, amended and deleted, on-market trades can occur (if a bid price and an offer price “meet”), and off-market trades can be reported to market. This session is continuous – with no breaks – from 10:00am until 4:45pm every trading day, and is the session in which most trading occurs.

Thanks for this, Muse.