IFT - Infratil

[gisborne_gold]

quote:Originally posted by QOH

I sold 50% of my B warrants on Friday, was hoping to buy some C's today, looking too expensive for me at this point.

I concur that IFTWC looks too expensive.

At current prices (IFT 3.27, IFTWB 1.65, IFTWC .70) it appears to me that the C warrants are not just a little bit expensive; they appear to be trading at far above fair value.

Using the Black-Scholes algorithms, I calculate that IFTWB fair value is around 1.55. IFTWB is trading at around a 5% premium.

The same calculation applied to the C warrants shows a fair value for IFTWC of around 0.40. IFTWC at 0.70 is at a 75% premium.

If I had more IFTWC warrants, I'd be selling while the selling's good.

[Caesius]

Just read the annual rep. Lyold Morrison is a man I admire.

Find me another company that lies the cards on the table and tells shareholders it's trying for a 20% return pa.

[lakeside]

SLPF say 15% but also say they are conservative/ safety focused.

[Toddy]

Just printing off the annual report now. I'm not a happy man as I'm rural delivery. I've send an email asking why the annual report cannot be posted on their internet site as soon as they disclose that it has been sent.

Sold all of my c warrants in the 80's and have been buying b's today at $1.55. Will look at c's in the future when they represent better value.

[boysy]

whos willing to hold onto there INFWC s i wonder how high they will go in short term anyway? any comments would be appreciated

[Caesius]

Lakeside, excuse my ignorance, but what is SLPF?

[QOH]

I sold my C warrants yesterday, had a good run out of them. Like Toddy I see better value in the Bs at the moment, would get back into Cs again if the price goes down.

[OldRider]

I have a spreadsheet that measures growth compared to risk for NZX and ASX companies I follow. Essentially it shows companies whose price is growing regularly and steadily with the least variation from the growth path.

Today the top three places were filled by IFT -ITFWB and IFTWC. A good sign for the company.

[boysy]

could u purhaps post the graph or give me a link cheers

[KJ]

quote:Originally posted by boysy

whos willing to hold onto there INFWC s i wonder how high they will go in short term anyway? any comments would be appreciated

Sold half today-will look to buy "B" warrants which look good value.