Yes you could be right it might behave like AirNZ did after special.
Ahhh Couta, forever the contrarian indicator. :-S
The difference with those two though is quite substantial.
AIR dabbled with the 200MA after a very long run of positive growth in the SP, and after the div investors were hesitant.
IFT has had a recent positive correction (including Golden Cross) after being substantially undervalued for a very long time and is likely only at the beginning of its positive run.
Happy to hear analysis of why you guys think otherwise ... beyond - it might do something else because its gone up quickly. :-S
"....a further $36 million is targeted for an on-market buyback. If investment plans do not progress as hoped,
consideration will be given to increasing the amount returned to shareholders
in 2015/16."
Not sure why the SP should drop much more than 15c after payout of the special dividend.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
SP languished and even went down from around $2.40 to around $2.15 during last share buy back so be careful !
Don't necessarily agree with that point, it was already in a downtrend when the buyback was announced - the buyback wasn't enough to lift it out from this pattern.
Half year presentation.Has good cash pile & pipeline of future investment in retirement sector and renewable energy.Potential as data centers have been acquiring renewable energy producers to offset their energy use eg google,microsoft ? http://edge.media-server.com/m/p/2t8...n/en/st/retail
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