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Thread: IFT - Infratil

  1. #1
    Senior Member
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    Default IFT - Infratil

    A good solid result.

    Wellington Airport revenue UP.
    TrustPower revenue UP.
    Glasgow on track for good growth. (Ryanair just announced record profits and growth)
    POT share price still climbing as IFT sell downs it stake.
    Over 7m shares bought back by the company during the period with more to come at the right price.

    The warrants must represent good value given the continued growth outlook.


    Toddy
    Disc: IFTWB, POT, FPH, NOGOC

    Toddy

  2. #2
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    GPIA result not so hot though ! (Further decline freight) We will get interim div (Thank you TPW) overall not too bad.
    (Hold IFT, IFTWB)

  3. #3
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    GPIA freight volumes steady.
    Share price creeping north again on higher volume.
    TPW share price has rocketed and IFT own 40%.

    Could we be in for a re-rating.

    Toddy

  4. #4
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    Strange the talk habits we get into. This co is my second biggest investments in dollar terms and probable my best ever in precentage terms,yet we posters talk little about it. The co fill my investment rule one that is the directors or shairman must have a big stake.Here that is the case. As with NOG if the chairman or directors total say the co is worth investing in it probable is.
    Glasgow will probably take another year to really turn around.
    POT why they are selling is beyond me.
    Phenuapai an interesting wild card.
    digger

  5. #5
    Runswifscissors
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    Default

    If they want to get talked about more on ST they need to drill a hole in one of their runways and find some oil.

  6. #6
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    Whats up with IFT.
    Warrants now 84 cents v 60 cents a fortnight ago.

    Maybe the market liked the Spanish Coy purchase of Luton Airport at way over the odds.

    Toddy

  7. #7
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    TPW up to $6 ,probably has something to do with it

  8. #8
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    Out of interest, how do the share buybacks affect the warrants?

    Obviously reducing the number of shares will increase the price, which will increase the warrant value. A the shares subject to buyback being cancelled or held as treasury stock?

    Death will be reality, Life is just an illusion.

  9. #9
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    Some have been cancelled in past, think its up to directors discretion. As warrant holder any buy back pleases me no end. (Much preferable than paying out dividends) However the impact of buy back does make any of the valuation type theoretical fomulas (scholes black) nonsence.
    NB: Co policy is to pay dividends, only to extent that have imputation credits available.

  10. #10
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    I recall that a few months ago there was a thread on the value of the warrants when they were first issued.

    Given the buybacks, what are your guesstimates on what the warrant price should be now?

    Have any of the brokers issued a more recent analysis on the warrants?

    Death will be reality, Life is just an illusion.

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