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10-06-2008, 10:01 PM
#671
Member
Is IFT's sp being affected soley by perceptions that higher oil prices may reduce air traffic or is there something more?
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11-06-2008, 08:38 AM
#672
Originally Posted by da puntzda
Is IFT's sp being affected soley by perceptions that higher oil prices may reduce air traffic or is there something more?
Yes, it's a big, bad bear market out there!
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13-06-2008, 06:33 PM
#673
Originally Posted by macduffy
Yes, it's a big, bad bear market out there!
And finally IFT management thinks that the time is now right to buy back IFT stock on market.
BUYBACK: IFT: Share buyback
Infratil Limited advises that it has acquired its own securities. The
following information is provided in accordance with Listing Rule 7.12:
Class of security: Ordinary Shares
ISIN: NZIFTE0003S3
Number of ordinary shares acquired: 375,000
Acquisition Price (average): $2.13
Payment: In cash
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17-06-2008, 11:57 AM
#674
When it rains, it pours........
The financial impact on TrustPower of the 2008 drought is uncertain but it
could see Earnings Before Interest Tax Depreciation, Amortisation and Fair
Value Movement of Financial Instruments ("EBITDAF") fall below the Company's
mean year expectation by between $15 and 20 million.
Can any of you South Island boy's look out of the window and tell me that it is raining!
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18-06-2008, 04:42 PM
#675
This slipped past me....
$7.5M Whāngārei public bus contract awarded
Passenger transport company NZ Bus has been awarded a $7.5 million local authority contract to run Whāngārei’s public bus service for the next five years.
NZ Bus – which purchased Whāngārei-based bus company Adams Travelines in January – beat two other tenderers, including current operator Whāngārei Bus Services Ltd, to secure the Northland Regional Council contract.
Council Chief Executive officer Ken Paterson today (Fri 04 April) paid tribute to Whāngārei Bus Services, which he says has run the existing service successfully since November 2001 and which had carried its one millionth passenger last year.
However, he says the decision to award NZ Bus the contract comes after a detailed formal tender evaluation process. It will result in significant benefits to ratepayers as a result of efficiencies that NZ Bus can draw upon over the five-year life of the contract, which also includes a subsequent three-year right of renewal.
“NZ Bus is an extremely experienced operator with more than 2000 employees, which also runs bus services in the greater Auckland and Wellington region and owns and operates Fullers Ferries (Auckland).”
Owned by New Zealand based infrastructure investment company Infratil since 2005, its assets include more than 1000 buses, nine ferries and significant transport-related infrastructure.
Mr Paterson says the company will take over the Whāngārei service on July 1 and will operate a fleet of 10 new low-floor, low emission buses to an extended timetable.
The new fleet would also sport a new, locally-designed look and would operate under the name ‘City Link Whāngārei’.
NZ Bus Chief Executive Officer Bruce Emson says Adams Travelines, the company’s local passenger service company in Whāngārei, is excited about the opportunity to provide urban bus services.
“Providing public transport services is about listening to and serving people in our community. The opportunity to grow our business in Whāngārei is an exciting one and we look forward to extending our services focussed on the needs of the people we serve.”
Meanwhile, Mr Paterson says the new service will offer increased value for money as the new contract calls for buses to run more frequently and for longer hours.
However, he says fares will need to be reviewed in the near future as they have not increased for seven years, despite large increases in fuel and other operating costs.
The Whangarei public bus service is currently funded by the Whāngārei District Council and Land Transport NZ and administered by the Northland Regional Council.
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18-06-2008, 05:27 PM
#676
Buses should do well from the petrol rises , apparantly people are flocking to them in droves
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18-06-2008, 07:29 PM
#677
Ratkin Buses use diesel and that has increased more than petrol and will councils try to cut subsidies
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18-06-2008, 09:05 PM
#678
Originally Posted by ratkin
Buses should do well from the petrol rises , apparantly people are flocking to them in droves
The buses are overfull. The Police have been doing random stops to check overloading.
Now we just need the standard weather to return down South and fill up those lakes.
Last edited by Toddy; 18-06-2008 at 09:08 PM.
Toddy
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18-06-2008, 09:29 PM
#679
Member
Originally Posted by Toddy
The buses are overfull. The Police have been doing random stops to check overloading.
Now we just need the standard weather to return down South and fill up those lakes.
and lastly we need the second installment of the part paids ($88m) and other capital raisings (ie NZO) to get swallowed up. I believe this has created some of the short term weakness we are seeing.
I imagine IFT are closely watching developments with BNB, some cheap assets potentially could come on the market for them to pick up.
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23-06-2008, 07:07 PM
#680
Originally Posted by POSSUM THE CAT
Ratkin Buses use diesel and that has increased more than petrol and will councils try to cut subsidies
It's inevitable that increasing fuel costs and wage-rise pressures will force patrons to pay more for public transport, but I could not estimate by exactly how much since the equation needs to take into account that it is election year and the Government are firmly glued to the green band-wagon, and hence will ensure that subsidies for PT are maintained or (more likely) increased.
What we will see IMO in the next few years is further consolidation of the industry in order to reduce costs through economies of scale. Indeed, we're now seeing NZ Bus move outside of its core Auckland and Wellington regions and into other areas by purchasing existing public transport businesses and successfully wining contracts. If they are extremely careful in their selections and leverage their economies of scale, this could translate into further positive cash flows for the business.
I do not however see that the PT sector will ever produce large profits, as other sectors such as airports traditionally have.
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