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31-01-2019, 09:27 AM
#1981
Originally Posted by BlackPeter
True - hindsight would be an excellent guide, if we could go back in time ;, but thanks for the reminder.
Looking however forward - it looks to me that the market overvalues IFT at the moment. SP is around analyst consensus, and analyst consensus is for my feeling anyway a bit high for this share. Average backward PE is 14, average forward PE is nearly 23. Growth (revenue and / or earnings) is not existent - and let's face it, which of their investments is likely to make in the short term outstanding capital gains? TPW is a boring gentailer and currently more at the upper price boundary. Their alternative energy investments may or may not bear fruit in a decade or two - and I never understood anyway what brought them into student accomodation. Does not sound like an easy money spinner to me. And their datacentres? Well, not that hard for competiton to build some as well if datacentres are the cash cows of the future (which I doubt).
So - sure, they will keep making some money, but to justify their current SP they would need plenty of sustainable growth. Not sure I see where this is supposed to come from.
I trust you are selling?
stocks in an uptrend why sell? and they announced a strategic review of student acc likely result will sell as ift policy is no perform shown the door.
one step ahead of the herd
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31-01-2019, 09:29 AM
#1982
Originally Posted by huxley
Aw Blackpeter, I remember you making the same investment case back when the stock was trending down back in late 2016. My only regret is not purchasing more at NZD 2.70
Did I? I probably didn't had the benefit of hindsight ... ;
But look - I never predict where the SP will go - I only can comment on where I see value (and where not).
How do you make your investment decisions?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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31-01-2019, 10:19 AM
#1983
Originally Posted by bull....
stocks in an uptrend why sell? and they announced a strategic review of student acc likely result will sell as ift policy is no perform shown the door.
I haven’t got time to post the details, but I’m pretty sure the PBSA asset has performed well, it’s more a case of the lack of similar investments available and therefore the limited ability to grow the asset class to a meaningful scale with respect of IFT overall portfolio
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31-01-2019, 10:25 AM
#1984
Originally Posted by huxley
I haven’t got time to post the details, but I’m pretty sure the PBSA asset has performed well, it’s more a case of the lack of similar investments available and therefore the limited ability to grow the asset class to a meaningful scale with respect of IFT overall portfolio
exactly they are no longer able to get the ift portfolio return required going forward
one step ahead of the herd
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31-01-2019, 12:50 PM
#1985
Originally Posted by Bjauck
Both AIA and RYM have provided long-term returns exceeding those from the NZX50.
& Future growth will be .......?
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05-02-2019, 10:06 AM
#1986
new highs maybe a big round 4 coming
one step ahead of the herd
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05-02-2019, 11:06 AM
#1987
Maybe ...
However - market sentiment is now firmly in "greed" mode, RSI is moving close to 80 (overbought) and volume is dropping. Might not be the best time to buy ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-02-2019, 10:04 AM
#1988
Originally Posted by BlackPeter
Maybe ...
However - market sentiment is now firmly in "greed" mode, RSI is moving close to 80 (overbought) and volume is dropping. Might not be the best time to buy ...
sellers drying up market likes big round numbers lol amazing im talking like a bull
one step ahead of the herd
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07-02-2019, 10:28 AM
#1989
Originally Posted by bull....
sellers drying up market likes big round numbers lol amazing im talking like a bull
Well, yes - but volume keeps dropping and momentum seems to turn. SP broke out of the Bollinger bands - not sustainable. Might touch the next round number or not, but suppose down from there ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-02-2019, 12:11 PM
#1990
Originally Posted by BlackPeter
Well, yes - but volume keeps dropping and momentum seems to turn. SP broke out of the Bollinger bands - not sustainable. Might touch the next round number or not, but suppose down from there ...
IFT has a large percentage of public shareholders (something like 50%). Makes me wonder what is driving the speculation..
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