CHI - Channel Infrastructure Ltd (NZR)

**macduffy** · 20-08-2009, 04:53 PM

Originally Posted by Dr_Who

I am assuming those that bought with expectation of a possible T/O are dumping the stock?

I still reckon it's just as likely to be disappointed "income stock" holders.
After all, there's not much point in holding what was a high yielding stock for the divs if it passes on the interim and throws doubt on paying a final.

**macduffy** · 21-08-2009, 04:43 PM

Mobil rumoured to be looking to sell its 19.2% stake in NZR " on market".

http://www.stuff.co.nz/business/2774...ifferent-paths

Presumably that doesn't mean they will look to dribble them out via the NZX but will look to place them through brokers.

**moimoi** · 10-11-2009, 04:15 PM

Hmmmm...wonder if yesterdays announcement to use up imputation credits suggests that more than Shell's 17% will change hands.....?

I would have thought that IFT was a reluctant seller of its AIA stake..could they maybe having a tilt at more than Shell's holding.?

cheers
Moi

**macduffy** · 10-11-2009, 04:32 PM

Yes, it seems a bit premature to make this move just in case one of the other major shareholders were to sell.
Maybe, though, it's a case of making sure that Shell gets its share of the imputation credits while it still has its shareholding? Particularly if the purchase price has already been agreed without any assigning any value to current imputation credits, or possibly agreed on the basis of such credits being utilised by Shell.

Just thinking aloud.

**scamper** · 24-11-2009, 02:37 PM

scamper's having a senior moment
how come the price drops ~ 50 cps and it is billed a 3.3% rise?
i didn't think there was any divi.

**macduffy** · 24-11-2009, 02:46 PM

Originally Posted by scamper

scamper's having a senior moment
how come the price drops ~ 50 cps and it is billed a 3.3% rise?
i didn't think there was any divi.

Not sure where you get the ~ 50c drop, scamper.

NZR is up 14.4c today - a 3.3% increase.

Still suffering from the earlier passing of the div though and uncertainty over the future of Shell's shares.