The share price is only now starting to react to the positive numbers of tonnage and positve future growth prospects LPC have.
ps.No containner ships at Port Chamers today.
The share price is only now starting to react to the positive numbers of tonnage and positve future growth prospects LPC have.
ps.No containner ships at Port Chamers today.
Just looked out the window - 1 container ship unloading in LPC .
Maybe a waste of money seeing as POT have brought a half stake in Prime Port Timaru.LPC now face stiff competition,and may have to put users first.We live in interesting times considering Port of Otago has a blocking stake in LPC.
Maybe a waste of money seeing as POT have brought a half stake in Prime Port Timaru.LPC now face stiff competition,and may have to put users first.We live in interesting times considering Port of Otago has a blocking stake in LPC.
Yes POT are very serious competitors. However, we have to remember that it was Lyttelton Port's winning of the Fonterra contract from Clandeboye that got Primeport into its current troubles. So LPC obviously are very competitive on this contract.
POT buying a stake in Primeport Timaru is giving them a south island hub. But they still have to win back that contract from LPC, do they not?
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Contracts are won by who can give the best service for the price.
I would think Prime Port's chances have greatly improved with the POT deal.
Will give South Island exporters/importers more choice.
With fewer ship visits using larger vessels POT will be using Prime Port as a feeder.
Shedules and timetables will be important.
Cool stores close to or at the port will be a consideration too.
I hold POT shares.I have been considering buying LPC shares,but have put that idea on ice.
I do think LPC should have done a deal with either POT or POA years ago.
Offcourse Port Otago realised they were in the far que,so brought a blocking holding in LPC.Maybe because of so much earthquake damage,and rebuilding LPC may have taken their eye off the big picture.Bit like a good hanging,POT's move will have focused LPC's attention.
Today's Christchurch Press raises a journalistic eyebrow at the level of chief executive Pater Davie's pay.
Could the generosity of the board remuneration committee be the equivalent of engaging a medicine man to do a rain dance while looking at a falling barometer?
Perhaps remuneration committee chair Trevor Burt will inform members at the AGM whether the remuneration specialist they undoubtedly consulted was able to accurately split the portion of the positive result due to good fortune and the portion due to Mr Davie's skill and personal effort.
Huh!
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Originally Posted by percy
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