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Thread: IFT - Infratil

  1. #2391
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    Quote Originally Posted by Waiuta View Post
    My holding cost on these is now ~$3.40 having bought in Nov 2016 and again in Dec 2018. Despite me moaning about the excessive management fees Morrison & Co charge I'm showing a total return of ~25%. So mustn't grumble.
    Likely to be a lot lower return IF Morrison & Co weren't managing it???
    This way all stakeholders win in my view.

  2. #2392
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    Quote Originally Posted by kiora View Post
    Likely to be a lot lower return IF Morrison & Co weren't managing it???
    This way all stakeholders win in my view.
    I agree, kiora. IFT is a Morrison and Co vehicle; it wouldn't be there if M and Co hadn't created it; despite "generous" management fees IFT has been an excellent investment since inception and investors go into it with their eyes wide open, or should. No complaints from me!

  3. #2393
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    Latest Telcowatch report, for the second quarter of 2020, Spark continue to lose ground in the NZ mobile market share (-2%) but Vodafone have slowed to .3% growth. Skinny made an 8% increase off a small base (all comparisons made are to the first quarter.) Vodafone still holding poll position with 36.4% market share, over Spark with 36.2%. The trend down for Spark continues (since early 2019) but these are not stellar numbers for Vodafone either - given the money they've thrown at the mobile market. Their reduced marketshare growth throughout the second quarter of 2020 must be of some concern for IFT.

  4. #2394
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    Quote Originally Posted by Rowdy Flat View Post
    Latest Telcowatch report, for the second quarter of 2020, Spark continue to lose ground in the NZ mobile market share (-2%) but Vodafone have slowed to .3% growth. Skinny made an 8% increase off a small base (all comparisons made are to the first quarter.) Vodafone still holding poll position with 36.4% market share, over Spark with 36.2%. The trend down for Spark continues (since early 2019) but these are not stellar numbers for Vodafone either - given the money they've thrown at the mobile market. Their reduced marketshare growth throughout the second quarter of 2020 must be of some concern for IFT.
    I think the key phrase here is Skinny having a small base, percentages fluctuate more off a low base.
    Also the big Two would have had their retail outlets closed due to covid, and the pandemic in general not an ideal time for growth.

  5. #2395
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    vodaphone , trustpower , wellington airport earnings all under pressure , i expect it will re rate significantly down when the market bubble pops
    one step ahead of the herd

  6. #2396
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    My 10yo son selected IFT as a place for half of his birthday money yesterday (other half was a huge nerf gun) I do like Sharesies as its got my kids interested in things financial

  7. #2397
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    Quote Originally Posted by bull.... View Post
    vodaphone , trustpower , wellington airport earnings all under pressure , i expect it will re rate significantly down when the market bubble pops
    Lets hope that they go down in share price, so I can snap some up. What is your fair value?

  8. #2398
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    Quote Originally Posted by Ggcc View Post
    Lets hope that they go down in share price, so I can snap some up. What is your fair value?
    the 30% correction earlier in the year gave you ift for $3 as an indication , i have no fair value on stock due to uncertainty of covid
    one step ahead of the herd

  9. #2399
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    Quote Originally Posted by bull.... View Post
    the 30% correction earlier in the year gave you ift for $3 as an indication , i have no fair value on stock due to uncertainty of covid
    Fair comment. I did not invest at those levels as everything looked like a bargain. The only thing I did purchase was OCA at the low levels. If only we had a crystal ball with COVID

  10. #2400
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    Quote Originally Posted by Ggcc View Post
    Fair comment. I did not invest at those levels as everything looked like a bargain. The only thing I did purchase was OCA at the low levels. If only we had a crystal ball with COVID
    i didnt buy at the bottom either ,but i follow one of jessie livermore's saying in my strategy ... i never buy at what i think is the bottom and i always sell to soon
    one step ahead of the herd

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