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Thread: Ift

  1. #1966
    Update Ready To Install
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  2. #1967
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    Quote Originally Posted by Joshuatree View Post
    Holy sh*t, thatís an excellent price

    Ho ho ho

  3. #1968
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    retire aus ceo baled wonder if it because the RC starts tomorrow anyway shares still tracking nicely
    bull

  4. #1969
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    Quote Originally Posted by Joshuatree View Post
    $218-$240 million for NZ Bus ...
    Had a chat to a NZBus driver today. Was at the stop work meeting yesterday, said that the fare strike planned for the end of January was leverage to take advantage of the planned sale.

  5. #1970
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    everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
    bull

  6. #1971
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    Quote Originally Posted by bull.... View Post
    everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
    Biggest position here, up over 18% this Fy

  7. #1972
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    Quote Originally Posted by bull.... View Post
    everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
    I noticed it but not sure what's driving the volumes and upward price. Do you happen to know what's behind it?

  8. #1973
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    Quote Originally Posted by huxley View Post
    Biggest position here, up over 18% this Fy
    65%

  9. #1974
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    Quote Originally Posted by kiora View Post
    65%
    Oh nice, Iím more like 29%

    Still v happy with the results


    Thereís normally an investor update in late Jan early Feb
    Last edited by huxley; 30-01-2019 at 01:56 PM.

  10. #1975
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    Quote Originally Posted by bull.... View Post
    everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
    IMO, Shares go in and out of fashion....perhaps it is in the long-term folder (along with AIA and RYM?)

  11. #1976
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    Quote Originally Posted by Bjauck View Post
    IMO, Shares go in and out of fashion....perhaps it is in the long-term folder (along with AIA and RYM?)
    AIR & RYM are cyclical businesses.Have you got a parachute?

  12. #1977
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    Quote Originally Posted by Mickey View Post
    I noticed it but not sure what's driving the volumes and upward price. Do you happen to know what's behind it?
    fisher funds been buying earlier also technical breakout of long term top will have caused more buyers to enter + the re - org of there portfolio (ift) is positive for growth
    bull

  13. #1978
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    Quote Originally Posted by kiora View Post
    AIR & RYM are cyclical businesses.Have you got a parachute?
    Both AIA and RYM have provided long-term returns exceeding those from the NZX50.

  14. #1979
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    Quote Originally Posted by bull.... View Post
    everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
    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?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  15. #1980
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    Quote Originally Posted by BlackPeter View Post
    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?
    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

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