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Thread: Ift

  1. #1996
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by bull.... View Post
    nothing like the smell of a 4 on it , nobody telling me off for being a bull lol gee 99% of my posts today are bullish will disappoint the hecklers
    Well, looks like we passed the peak - and it didn't had a 4 handle. Remember the overbought RSI and the out of Bollinger bands - all down from here?
    ----
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  2. #1997
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    Quote Originally Posted by BlackPeter View Post
    Well, looks like we passed the peak - and it didn't had a 4 handle. Remember the overbought RSI and the out of Bollinger bands - all down from here?
    VWAP is still 388.98, too soon to call it perhaps?

  3. #1998
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    Quote Originally Posted by BlackPeter View Post
    Well, looks like we passed the peak - and it didn't had a 4 handle. Remember the overbought RSI and the out of Bollinger bands - all down from here?
    ahh bp you ruined the party with your bearishness lol
    bull

  4. #1999
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    still holding up for the hoped for 4 dollar party
    bull

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    Quote Originally Posted by bull.... View Post
    still holding up for the hoped for 4 dollar party
    Itís never been closer

    What do you think the likely full year dividend will be this year?

  6. #2001
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    Quote Originally Posted by huxley View Post
    It’s never been closer

    What do you think the likely full year dividend will be this year?
    im thinking 11c min even the status quo is good by me i prefer that moneys reinvested for growth in there portfolio over divs but i know alot of s/h like the divs. s/h cant complain last yr been good to them capital gains + divs is a very nice return for the yr
    bull

  7. #2002
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    I know itís an arbitrary number, but looks like weíll that NZD 4.00 mark today (market cap NZD 2,214,741,537.00 )

  8. #2003
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    Quote Originally Posted by huxley View Post
    I know it’s an arbitrary number, but looks like we’ll that NZD 4.00 mark today (market cap NZD 2,214,741,537.00 )
    4.02 now
    bull

  9. #2004
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    Infratil is a well run company, sticks to its knitting, but why the run up now? My theory is that it is a good place for landlords to park the tax free proceeds from selling their rentals. Same with the gentailers and retirement sector.

    Sales by landlords fly under the radar, mostly, because of one here, one there. Anecdotally some are selling. Some harder data from me, albeit in a small way. We have lost 3 landlords as clients, all long term, in the past year. One has just sold a block of 4 in Wellington's most expensive suburb, settlement next month. Another has 2 on the market, another sold 1 and we are helping a fourth to get ready to sell. (We do property maintenance.)

  10. #2005
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    Quote Originally Posted by bull.... View Post
    ahh bp you ruined the party with your bearishness lol
    Well, you got your $4 party - congratulations! Suppose you are out by now?

    While IFT is no doubt a solid investment fund (wouldn't call it a company), looking at their EPS as well as historic and forecasted growth, they are clearly not a growth company - at best a boring cyclical.

    Average EPS over the last 10 years is 26 cents; Forward EPS (3 years average) is 16 cents - meaning forward PE is 24.5 ... and this for a proven no-growth company. We looked already at EPS (which dropped quite significantly compared to average). 2010 revenue was $1836m, 2021 forecast is $1845m. Spot the trend? Flatlining revenue and dropping earnings ...

    Beats me why anybody wants to pay $4 for this company ... what am I missing?
    Last edited by BlackPeter; 21-02-2019 at 10:59 AM. Reason: added quotation
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    They make their money buying and selling assets and they are good at it. athey are in the right sectors,renewable energy,data centers, age care and are ruthless in dropping bad investments,. Good firm I keep adding but have to buy at right time.

  12. #2007
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    Quote Originally Posted by horus1 View Post
    They make their money buying and selling assets and they are good at it. athey are in the right sectors,renewable energy,data centers, age care and are ruthless in dropping bad investments,. Good firm I keep adding but have to buy at right time.
    I see that and agree with your comment that one has to buy at the right time!
    ----
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  13. #2008
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    Quote Originally Posted by BlackPeter View Post
    I see that and agree with your comment that one has to buy at the right time!
    and sell at the right time being when the trend changes
    bull

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    Beats me why anybody wants to pay $4 for this company ... what am I missing?
    With major assets in places like Tauranga, Wellington, Australia etc IFT probably doesn't have the profile in the South Is. as in some other areas!



    Sorry, BP. Being an old native Cantabrian I couldn't resist that.

  15. #2010
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    Quote Originally Posted by macduffy View Post
    With major assets in places like Tauranga, Wellington, Australia etc IFT probably doesn't have the profile in the South Is. as in some other areas!



    Sorry, BP. Being an old native Cantabrian I couldn't resist that.
    Interesting - I didn't realise that they have secret assets. Probably a disadvantage to live far from the big smoke and the big rain ... ;

    Their official asset backing (NTA) is (according to direct broking - sorry, was too lazy to check the balance sheet) $3.03.

    Sure - not bad ... though some of their assetts might not be that easy to liquidate if they have to ... but than, others might be.

    If you want to know how much e.g. a $120m windfarm (NWF) can be worth on the market if you need to sell - look no further than Palmerston North . And hey - NWF are at the moment quite dear (nearly $40m marketcap) - some years ago the market paid less than half of that for the $120m investment.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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