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Thread: IFT - Infratil

  1. #201
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    Just a silly question here, I noticed in news that a few small holders have been excercising their warrants, to my simple mind, this is an excercise in value destruction, just can't see why anyone would do it ??

    Disc: recently purchased some warrants.

  2. #202
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    Mildly dissappointed that the warrants are kicking the heels around 90c whilst the heads head for 410c.

    Still more than 3 years till exercise date.
    om mani peme hum

  3. #203
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    quote:Originally posted by kura

    Just a silly question here, I noticed in news that a few small holders have been excercising their warrants, to my simple mind, this is an excercise in value destruction, just can't see why anyone would do it ??

    Disc: recently purchased some warrants.
    Maybe something to do with winding up estates and distributing to beneficiaries. Or perhaps just uninformed investors.

  4. #204
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    quote:Originally posted by Paper Tiger

    Mildly dissappointed that the warrants are kicking the heels around 90c whilst the heads head for 410c.

    Still more than 3 years till exercise date.
    Agree. The warrants should be about 110 at this stage.

  5. #205
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    The warrants have never been cheaper.

    Three years still to run at at this price the punters think that the IFT head will go from $4.09 to $4.40 over that period.

    Are we now saying that IFTs 20% year in year out returns are going to drop to 2.5% for the next three years.

    The market cannot ignore TPW at $7, POT at $5.40, ENE at $4.30, fx gains on offshore revenue etc forever.

    IFT have failed on the buy back front so far though. But one thing is for sure, it will come.

    Toddy

  6. #206
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    quote:Originally posted by Paper Tiger

    Mildly dissappointed that the warrants are kicking the heels around 90c whilst the heads head for 410c.

    Still more than 3 years till exercise date.
    warrants trying to catch up but the heads are running away (96/413)
    Why the sudden enthusiam?

    11:21 Now 99 and 422 Something must be in the wind.
    om mani peme hum

  7. #207
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    Warrants even cheaper today.

    There is zero premium in these now.

    So, they are worthless, or to those who can spot a bargain, they are 'free'.
    Toddy

  8. #208
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    I am not sure about zero premium, but 100 vs 425 is 325 with a strike price of 350 in July 2009, but you would expect the options to trade at 110-ish
    Mid august last year when the heads hit 415 the options were 104 so all other things being equal you would expect better.

    However option pricing is a subjective beast so I guess people are dialling in bigger divvies, lower interest rates or a lower volatility into their calculators.
    Never mind there is still tomorrow.

    regards

    Paper Tiger
    om mani peme hum

  9. #209
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    quote:Originally posted by Paper Tiger
    However option pricing is a subjective beast so I guess people are dialling in bigger divvies, lower interest rates or a lower volatility into their calculators.
    Stagecoach should provide larger divies - since making good cashflow and a NZ investment so creates IC.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  10. #210
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    Plenty of profit takers around for the warrants today. Who can blame them taking the cash.

    The Stagecoach report released today looks good.
    Toddy

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