IFT - Infratil

[couta1]

Market not too happy with today's results, chart looks ugly to boot, she's a long way from the median target price of $3.62. Disc-Hold

[BlackPeter]

Market not too happy with today's results, chart looks ugly to boot, she's a long way from the median target price of $3.62. Disc-Hold

Well, they said they expect to come in at the lower end of guidance. Why should markets be happy?

[couta1]

Well, they said they expect to come in at the lower end of guidance. Why should markets be happy?

Didn't say it should be although lower end of guidance is still better than last year plus divvy has increased plus investing to build shareholder value going forward, that ticks a lot of positive boxes IMO.

[silu]

I hold a big chunk of IFT purely for the dividend. Increase of debt is a concern but it comes down to if you trust the management (which I do).

[macduffy]

Didn't say it should be although lower end of guidance is still better than last year plus divvy has increased plus investing to build shareholder value going forward, that ticks a lot of positive boxes IMO.

It's a nervous market, couta. Very hard to please just now and looking for reasons to sell rather than to buy. FWIW, I thought it was an okay result and that achieving the revised guidance, if they do, will be okay as well. However, any further "revision" would cause me to "revise" my view.

[BlackCross]

I hold a big chunk of IFT purely for the dividend. Increase of debt is a concern but it comes down to if you trust the management (which I do).

Well the management seem to think the shares are undervalued.

BUYBACK: IFT: Infratil Share Buyback

Number of Ordinary Shares acquired: 750,000

Acquisition price (average): $2.76

Date acquired: 15 November 2016

Reason for the acquisition: Considered by the Directors to be in the best
interests of the Company and shareholders.

If I didn't have so many I'd take this as a buy signal.

[couta1]

With an NTA of around $5, some would consider the current SP to hold deep value.

[QOH]

I wish they would buy back their perpetual bonds.

[peat]

I wish they would buy back their perpetual bonds.

You do realise you can sell them on the secondary market?

[Snow Leopard]

With an NTA of around $5, some would consider the current SP to hold deep value.

If you read the company accounts you will see that NTA was $3.00 at half-year.

Best Wishes
Paper Tiger