CHI - Channel Infrastructure Ltd (NZR)

[craic]

Not too long ago we were getting dire predictions from management about the costs of maintenance etc and the fact that profits would be down and the shareholders could not expect the high dividends that they had been getting etc. I wondered at the time if this was a move to reduce the shareholding by reducing the price thus allowing those in the know to clean up. My paranoia knows no bounds but I am glad I hung on to my couple of thousand shares.I see from the half-year report that the number of shareholders has reduced from 2554 to 2415 in the year or 5%

[Steve]

Where did all the sellers go yesterday? They all cleared out, and someone stepped up to the plate offering 20,000 @ $25.00 = $500,000!

[scamper]

Yes, it is all a bit astonishing. depth shows 5000 buys at the current price or marginally above, and only 400 sells at 2350. And, if this is not a big enough jump, the next sell batch is still as steve reported: 20k @ $25!

I've only held ~1350 of these since May 02, but they make me very happy... Cheers.

[wsheridan]

NZR's a stock that has been copnsistently been highlighted on this site as a good long term investment - and I have consistently ignored it [B)]

Well done to its backers!

[craic]

An interesting aspect of the interim report is a reduction in the number of shareholders from 2554 to 2415 or - 5%. This leads me to believe that there is one or more out there with a constant buy order on the market, ready to mop up any lots. I've only got a couple of thousand but they are not getting mine.

[Crackity]

This is the revised profit matrix from the half yearly report - quite useful for future reference.....

a happy holder at the moment.....

[cdonald]

I am picking the 88/274 box for the end of the Year. Probably more like 95/267 but you didnt have that one there.. Average margins of $5.50USD/BBL ($4usd/bbl uplift over singapore complex) and an average exchange rate of .65. Not too sure if plant will need to be slowed down for tie ins in a few weeks time but no doubt I will see the flare if need be.

[Crackity]

I am picking the 88/274 box for the end of the Year. Probably more like 95/267 but you didnt have that one there.. Average margins of $5.50USD/BBL ($4usd/bbl uplift over singapore complex) and an average exchange rate of .65. Not too sure if plant will need to be slowed down for tie ins in a few weeks time but no doubt I will see the flare if need be.

Yes indeed - and operating cash flow of $129.8 million for the half year is a nice figure.

I'd be happy with full year net profit after tax of $95 million and borrowings down to $267 million. This would also give operating cash flow for the year of circa $196 million or so.

[scamper]

Hello the Happy Holders!!
What a glorious day... Currently buyer at $24, and lowest seller is $35. I must say that the buyer wont be getting any of mine either. Wonder how I'll feel when the buyer is bidding $35.

[Ripping]

$24 been and gone.. buyers at 24.51, next seller at $26.. dayum.. !!