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Thread: LPC

  1. #481
    Senior Member Marilyn Munroe's Avatar
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    Default Takeover complete and shares delisted

    For the sake of completeness.

    Christchuch City Holdings have now aquired 100% of the shares of Lyttelton Port Company and it will be delisted in the near future.

    https://www.nzx.com/companies/LPC/announcements/256827
    https://www.nzx.com/companies/LPC/announcements/256747

    Boop boop de do
    Marilyn

  2. #482
    Senior Member Marilyn Munroe's Avatar
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    Default Council to sell?

    The is an item in todays Christchurch Press where Christchurch Mayor Dalziel mulls over the options for raising cash to fund the earthquake rebuild.

    http://www.stuff.co.nz/the-press/new...es-for-rebuild

    One of the options is a John Key style privatisation of the Port, where the council retains control with a 51% stake.

    Would I participate in such a float? Only if the strike price was set by Nothington Partners using the same methodology as was used for the compulsory acquisition.

    Hey I'm not bitter.... well only a little bit.

    Boop boop de do
    Marilyn

  3. #483
    Guru
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    Default

    Quote Originally Posted by Marilyn Munroe View Post

    Hey I'm not bitter.... well only a little bit.

    Boop boop de do
    Marilyn
    YOu have every right to be bitter, well even more than bitter. This would be hypocrisy in the extreme if they did decide to partially float the compnay they just took over.

  4. #484
    percy
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    Default

    Quote Originally Posted by Marilyn Munroe View Post
    The is an item in todays Christchurch Press where Christchurch Mayor Dalziel mulls over the options for raising cash to fund the earthquake rebuild.

    http://www.stuff.co.nz/the-press/new...es-for-rebuild

    One of the options is a John Key style privatisation of the Port, where the council retains control with a 51% stake.

    Would I participate in such a float? Only if the strike price was set by Nothington Partners using the same methodology as was used for the compulsory acquisition.

    Hey I'm not bitter.... well only a little bit.

    Boop boop de do
    Marilyn
    No surprises there!!!!!
    Joint venture with POA?
    30 year with 30 year ROE with Hutchinsons?

  5. #485
    Senior Member Marilyn Munroe's Avatar
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    Default Australia’s Busiest Port Sold for $7.3 Billion

    Should this link be passed on to Northing Partners so next time they are called on to perform an independent valuation of a port company they do a better job?

    http://gcaptain.com/australias-busie...r-7-3-billion/

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  6. #486
    percy
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    Default

    Quote Originally Posted by Marilyn Munroe View Post
    Should this link be passed on to Northing Partners so next time they are called on to perform an independent valuation of a port company they do a better job?

    http://gcaptain.com/australias-busie...r-7-3-billion/

    Boop boop de do
    Marilyn
    Go to www.lpc.co.nz and find their result to 30th June 2016.
    Revenue $105,714,000
    Result from operating activities $9,051,000
    Then enjoy the huge right down of assets to bring them in line with projected earnings.
    Same capital on bank deposit would have earnt $15,000,000 on a Kiwi Bank at call a/c.
    LPC will remain in The People's Republic ownership for the foreseeable future.!!
    I think Northing Partners would be revising their valuation downward.!!

  7. #487
    Senior Member Marilyn Munroe's Avatar
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    Default

    Quote Originally Posted by percy View Post
    I think Northing Partners would be revising their valuation downward.!!
    No doubt Northing Partners would welcome any opportunity to wail loudly and render their garments over a valuation of LPC. But would their anguish be as great if they were valuing LPC like the market does listed port companies.

    Quote Originally Posted by percy View Post
    LPC will remain in The People's Republic ownership for the foreseeable future.!!
    I d'uno Councillor Raf Manji must be wondering if the Peoples Republic can sell LPC for the same multiples as Melbourne.

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  8. #488
    percy
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    Default

    Fantasy world.!!!

  9. #489
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    Default

    Just for anyone new to share trading: It's like the railways and utility companies in the game of monopoly, if you own shares in all the ports, you get to charge double the price if someone uses your port. True story, I didn't just make that up

  10. #490
    Senior Member Marilyn Munroe's Avatar
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    Default

    "History never repeats
    I tell myself before I go to sleep"
    Split Enz

    https://www.stuff.co.nz/the-press/op...al-assets-base

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

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