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Thread: Ift

  1. #1756
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    Quote Originally Posted by Jantar View Post
    So far there is no stand-alone grid connected wind farm anywhere in the world that makes a profit without government subsidies. Tilt's Australian wind farms also rely on subsidies, and I do believe that $25M per year is inclusive of these subsidies.

    Here in good old NZ, our wind farms are only profitable due to the governments carbon credits and when the company running them has hydro to complement the wind farms.
    I guess the counter argument might be that the burning of fossil fuels is effectively subsidised because the company manufacturering the product and the end consumer do not pay the imputed costs associated with global warming etc.. these costs are passed onto the wider public/future generations to deal with..

  2. #1757
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    Quote Originally Posted by huxley View Post
    I guess the counter argument might be that the burning of fossil fuels is effectively subsidised because the company manufacturering the product and the end consumer do not pay the imputed costs associated with global warming etc.. these costs are passed onto the wider public/future generations to deal with..
    That would only be an argument if it could be shown that carbon trading, carbon taxes etc. will in anyway alter the earth's temperature. Even the IPCC do not make that claim; they see these taxes as a way of helping 3rd world countries catch up with 1st world countries.

  3. #1758
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    The climate change is real and will lead to fundamental changes in energy supply. The NZ Electricity system is about 55% non carbon emitting , there will be carbon taxes within 2 years which will make solar and batteries cheaper than grid supply for many remote areas. This is starting to happen now.

  4. #1759
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    Zip zap,Zip zap,Zip zap.I'm getting sea sick,accumulation happening !

  5. #1760
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    Quote Originally Posted by huxley View Post
    I guess the counter argument might be that the burning of fossil fuels is effectively subsidised because the company manufacturering the product and the end consumer do not pay the imputed costs associated with global warming etc.. these costs are passed onto the wider public/future generations to deal with..
    You could possibly make the public health argument - that the deaths and illnesses caused by burning stuff are a bad thing.

    After all, London banned coal fires decades ago. . . something to do with lots of people dying from smog.

  6. #1761
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    So Infratil's NZBus lost contracts for a whole lot of routes in Auckland and Wellington. Starting to look like they may have dodged a bullet in what appears to be a race to the bottom, cost wise.

    In West Auckland the successful tenderer for some routes, Pavlovich Coachlines Limited, is trying to offload the routes only a few months in to the contract. Other companies are not interested, as they would be bound by the same contract.

    And in Wellington strikes on the cards as staff (unions) don't like the new Tranzit pay rates. While higher per hour than NZ Bus, penal rates are not payable.

    Minister of Transport, Mr Twyford, is considering changes to ringfence wages.


    http://www.radionz.co.nz/news/nation...and-bus-routes

  7. #1762
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    A very interesting and readable market update from Infratil today. The update takes a sweeping look at global forecasts and issues, then focuses in on what's happening in the strategic sectors the company invests in. Followed by more detail on specific investments.

    A good read, very well put together.

  8. #1763
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    agreed, a nice polished update. Happily tuck the shares in the bottom drawer for another few years.

  9. #1764
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    Hoping it goes down for another 5 cents for my top up on buy order that was there sitting 2 weeks ago. I'll be happy still if it doesn't get hit today though.

  10. #1765
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    Quote Originally Posted by RGR367 View Post
    Hoping it goes down for another 5 cents for my top up on buy order that was there sitting 2 weeks ago. I'll be happy still if it doesn't get hit today though.
    You got your wish!
    This is one I'm looking at buying (and maybe selling some IFT bonds to keep my weighting not too high). Will be watching closely. Once the lawns are done (priorities you know!).

  11. #1766
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    Looks like selling NZ Bus. Good move imo.

  12. #1767
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    Quote Originally Posted by Grimy View Post
    You got your wish!
    This is one I'm looking at buying (and maybe selling some IFT bonds to keep my weighting not too high). Will be watching closely. Once the lawns are done (priorities you know!).
    Okay. Glad to be hit still at 303. Nothing has changed so it's still a very good buy

  13. #1768
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    Is it down partly due to Trustpower being down and doubtful?

  14. #1769
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    Quote Originally Posted by tobo View Post
    Is it down partly due to Trustpower being down and doubtful?
    Yes 100%, a little bit of instability over there causing a dip given IFT's large position in it. I see it as a fantastic buying opportunity, for one of the only defensive stocks on the market.

  15. #1770
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    Quote Originally Posted by value_investor View Post
    Yes 100%, a little bit of instability over there causing a dip given IFT's large position in it. I see it as a fantastic buying opportunity, for one of the only defensive stocks on the market.
    There asset mix is less compelling than previously. While selling POT, Metlife and Z has given them a significant warchest, with all three companies they left a considerable amount still on the table for the buyers.

    Of the current crop:

    CDC looks promising.
    NZ Bus is on the block ... and not before time.
    Longroad has potential but may come under pressure from Trump's moves against solar and wind energy.
    Perth Energy is being talked about as a turn around but has no runs on the board yet.
    Retire Australia looks like a longer term proposition and is not with risk, not least being the Aussie property market.
    Wellington Airport - needs to improve international flights to generate growth - this really requires approval for the runway extension. Early days but it's not going IFTs way.
    Tilt - needs cash. Hasn't met expectations and legislative change hasn't been helpful.
    University accommodation - Small, solid but boring.
    Snapper - Hasn't recovered from losing Auckland. No significant uptake beyond Wellington. It wins awards but not contracts.

    They certainly are well poised to pounce (aided by NZ Super link) if the current situation throws up something (hopefully no Euro airports.) I continue to hold a few.
    One chord wonder.

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