IFT - Infratil

[lissica]

How do you know? Do we know what the earnings are for the assets acquired.

Yes, there doesn't seem to be a lot of info on which to base that on.

Whatsup.....where did you get a PE of 4?

[POSSUM THE CAT]

Toddy PM me an email address and I will give you another slant on this privately if you are interested or if you have Skype I will give you a skype name if you would like a conversation. Still have friends in this trade.

[Nevl]

Toddy PM me an email address and I will give you another slant on this privately if you are interested or if you have Skype I will give you a skype name if you would like a conversation. Still have friends in this trade.

What do you think the chances are that The IFTShell could hook up with http://www.betterplace.com/ ?

After all shell has a huge network and with the trustpower angle they have the electricity covered. The only gaps in the network are the west coast of the south island. Trustpower has a lot of wind power and car batteries are a good way of storing that energy so it solve many of the problems of unreliable electric demand and supply.

Makes sense to me.

[whatsup]

Yes, there doesn't seem to be a lot of info on which to base that on.

Whatsup.....where did you get a PE of 4?

With the interview from the IFT boss on yesterdays lunch time money report on the National programme.

[bull....]

I like there buy of nz refining but i dont think there is much profit in shell service stations.
The margin on fuel is quat and the shell retail side pales in comparison to bp who dominate this part of the business.
Combine this with the huge amount of money they lose in drive off,s and store and staff theft there are in fact very few profitable service stations hence why the majors shell and mobil are baling as they lost to bp thats why bp is staying.

[foodee]

I like there buy of nz refining but i dont think there is much profit in shell service stations.
The margin on fuel is quat and the shell retail side pales in comparison to bp who dominate this part of the business.
Combine this with the huge amount of money they lose in drive off,s and store and staff theft there are in fact very few profitable service stations hence why the majors shell and mobil are baling as they lost to bp thats why bp is staying.

B you are right BUT
3 ex BPs are on the board and
if branding is 'kiwi.........' then patriotic kiwis could
display the similar behaviour to Kiwibank!

cheers

[peat]

This morning Craigs confirm the PE ratio being talked about in this thread

Infratil - Black gold -

IFT has released details of the acquisition of Shell's downstream assets
in NZ for cNZ$750m through a 50:50 JV with the NZ Super Fund. Excluding the NZ Refining
stake (cNZ$190m at market) the implied multiple on FY09 (current cost) EBITDA is c4x, this

leaves plenty of value on the table for the JV, in our view. BUY.

[Silverlight]

Announcement

Shell and Burgerfuel join forces

[GTM 3442]

Why would Shell want BurgerFuel when they already have Burger King ?

[macduffy]

This morning Craigs confirm the PE ratio being talked about in this thread
Infratil - Black gold -

Except that 4x EBITDA is not the same thing as a P/E of 4.

EBITDA - Earnings before Interest, Tax, Depreciation and Amortisation.

Still a good buy IMO but only time will tell.