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
Craigs report 22/7/20 12 month price target $5.46 PE 22.48
They report a neutral price target but their commentary to me reads more favorably than their normal reports on IFT?
Not good for IFT seeking to earn a buck on the substantial spend on infrastructure at WLG airport.
No...And Wellington Airport is a pretty sizeable chunk of Infratils invesment portfolio. ~11%.
Per the 2020 report they state that 85% of passengers are still flying domestically. I guess some of these people are tourists...so thats not the whole story, there will be a lot less tourists flying domestically. They have deferred as much CAPEX as they can, reduced costs etc etc. Going to have a pretty major effect thats for sure. Pleased they are not half way through extending the runway etc. And hoping that their Vodafone bet comes good.
Maybe they need to get on and marry it up with SKY ?
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