CHI - Channel Infrastructure Ltd (NZR)

[JAMP]

I have jumped back on the wagon today. So long as the exchange rate hangs under US$0.65 I am confident that NZR will deliver a strong result over the coming twelve months. I did contemplate a cheaper entry-point next week once they go xd, but there is no harm in banking a dividend every now and again is there?

With the benefit of hindsight my stomach churns when I reflect that I sold my original NZR holding less than nine months back (for a healthy profit mind).

Regards JAMP
NZX: AIA LPL MCH MVN NZO NZOOD NZR PPG RBD SAN SKL SPN
NZAX: CVT NWFOA SAT
Unlisted: BRK

[Snow Leopard]

NZR goes into the NZX50, 50P & Mid Cap on Monday April 3th or if before then CAH gets to the compulsory acquisition stage.

[rmbbrave]

quote:Originally posted by craic

Going up again this morning in spite of all the rubbish posted here. All you have to remember is that NZR is an effective monopoly (2) It is owned more than 70% by its primary customers, the three or four big oil companies, Shell BP etc.,(3) Any extra costs can be immediately applied at the pump and customers must pay or walk (4) If they put the price up a tad too soon or keep it up a tad too long, well, its just a little more profit. All the philosophical arguments about world events, supplies, alternatives and the like are of no consequence to you and me as we will have plenty of time to take cover in the event of disaster but right now just sit back and watch those dollars and cents rolling in.

It appears NZR is a tightly held stock.

When a new company enters the NZX some of the big funds "have to" buy it so I reckon the SP will rise. Therefore I am going to buy $29,500 worth while it still costs $30 at ASB Securities.

[JAMP]

rmbbrave, you had me thinking you were in cuckoo land quoting $30 for NZR. Then I realised you were talking brokerage.

I was most pleasantly surprised to discover today that NZR are about to enter the NZX indices. With a ranking around 40 on the NZX50 they should be there a while too.

On the back of this further good news I am picking a NZR shareprice in excess of $7 before mid-year.

Regards JAMP
NZX: AIA LPL MCH MVN NZO NZOOD NZR PPG RBD SAN SKL SPN
NZAX: CVT NWFOA SAT
Unlisted: BRK

[k1w1]

Go you good thing go .

[rmbbrave]

I bought 4500 @ 6.49 a week ago now they are up to 7.40. $4000 profit!

"A tightly held stock.

When a new company enters the NZX some of the big funds "have to" buy it"

[JAMP]

Since going xd earlier this week, there has been some bizarre downward price activity. I suspect that a few stop-loss triggers may have been taken out (perhaps as a result of not being adjusted for the dividend?).

The price action today flew in the face of the previous two days and must have occurred quite late in the day. Unfortunately I was quaffing a beverage with my work colleagues at the time, so I missed the opportunity to watch the fun and games.

Somehow I don't think the resignation of CEO Dr Thomas Zengerly would have fired the market up like this, so I will go with rmbbrave's theory. Fund managers buying into a tightly held stock.

So what does next week bring? Tempting to load a $7 stop-loss as I suspect a few sellers will be flushed out at this price. But if there are more fund managers buying in, it could just as easily challenge $8. I think I'll sit on my hands.

Regards JAMP
NZX: AIA LPL MCH MVN NZO NZOOD NZR PPG RBD SAN SKL SPN
NZAX: CVT NWFOA SAT
Unlisted: BRK

[k1w1]

Is this a one off blip due to being included in the index or is the SP here to stay ?

[craic]

NZR
28/03/2006
GENERAL

REL: 1535 HRS The New Zealand Refining Company Limited

GENERAL: NZR: Strong Margins Continue at NZRC

Throughput for the two month period ending 28 February 2006 was in line with
plan at 6.529 million barrels.
Refinery Indicator Margins have dropped from those experienced in 2005.
However a shortage of clean fuels in the Asia-Pacific region has allowed NZRC
to benefit from the higher premiums being paid in Singapore. The company
generated a margin of USD6.26 per barrel and earned processing fees of
$42.021 million for the two month period.
The average USD/NZD exchange rate for the period was .6803
End CA:00129341 For:NZR Type:GENERAL Time:2006-03-28:15:35:11

[russholmes]

So Direct Broking show the PE as 3.6

http://www.directbroking.co.nz/direc...c=nzr&qqe=NZSE

ASB show it as 12.9

Who's right? I guess there's some maths to do after the share split?