IFT - Infratil

[lakeside]

quote:Originally posted by Caesius

Lakeside, excuse my ignorance, but what is SLPF?

St laurence Property & Finance Its a property fund on unlisted thet will convert 100 million odd fixed interest notes to shares on Dec 2008. There are quite a few similarities with IFT although they are more property & finance than infrastructure and they are perhaps less developed as an equity investment (and I don't know what they will look like in 2 yrs eg NZX, Unlisted or whatever) and don't have the international investments.

But they have a good leader in Kevin Podmore, have said they must acheive 15% annual return without much risk and are a NZ company going places which is why i mentioned them in this thread as a cf to IFT.

[lakeside]

Back to the subject why has the IFT price shot up over the last 6 months - what has changed?

It's still a growth stock, low yield with overseas exposure in a high dollar environment, got great assets.

But it was that when a buy back was going on for $2.

Is it the carbon credits, or the new tax regime or
Kingfish buying? The warrants gave it a kick.

Great company though.

[lakeside]

Just read the report - they make big of the CO2 thing and energy is their big asset.
Exiting Port of Tauranga might have helped.
The Govt super cooperation would have done no harm to IFTs assets.
So what is the NTA per share - I couldn't find it.
Will all those warrants limit the price in the future?
How much higher can the price of electricity go?

[Rif-Raf]

Wow looks like sharetrader followers have just offloaded their C's
I read Toddy's post from yesterday which caused me to have another look at my spreadsheet and when I plugged the numbers I also came to the same conclusions to jumped ship. Then looking at sharetrader seems that a few others have too.

Lakeside, IFT over time go through surges. Over a long period of time they continue to deliver. Jewel in crown is TPW which they now control and is probably the main reason for their latest run.

[Sideshow Bob]

Lucky they still have an airport left after terrorist tried to park inside the terminal with explosives strapped to themselves.

All flights have been cancelled, and they expected 35,000 to pass through the airport that day.

Not good.

[winner69]

I don't think it was Prestwick .... planes still landing at Prestwick

Appears to be Glasgow Iinternational operated by BAA

[Sideshow Bob]

Cool, thanks.

[duncan macgregor]

quote:Originally posted by winner69

I don't think it was Prestwick .... planes still landing at Prestwick

Appears to be Glasgow Iinternational operated by BAA

never the less it looks like a bad day on the share market tomorrow for IFT. Macdunk

[Toddy]

Macdunk

Why would the IFT share price suffer tomorrow?. If anything, Prestwick will probably get more air traffic out of yet another failed attack. The great thing about the size and location of GPIA is that the security is easier to manage than the larger airports.

I lived in London recently for eight years. It will be business as usual tomorrow.

[CJ]

quote:Originally posted by Toddy

Macdunk

I lived in London recently for eight years. It will be business as usual tomorrow.

Business as normal over here. My guess is that tiger Tiger was packed out on Friday night (ie. where the first bomb was found on thrusday night).