IFTHA Infratil Perpetuals

[GTM 3442]

I love IFTHA. With an initial entry price of $0.56, I've done well. But equally, those who bought in at $1.00 at the initial listing have not done well.

Swings and roundabouts, and how many of the initial holders still hold anyway? They've also been great for slow, long-term, trading. But does anyone think that IFT are going to buy these back at $1/pop? Seriously?

[Lego_Man]

I love IFTHA. With an initial entry price of $0.56, I've done well. But equally, those who bought in at $1.00 at the initial listing have not done well.

Swings and roundabouts, and how many of the initial holders still hold anyway? They've also been great for slow, long-term, trading. But does anyone think that IFT are going to buy these back at $1/pop? Seriously?

Don't get me wrong, they're great trading vehicles for people that know what they're doing. But for the retail market they're nonsensical.

[GTM 3442]

I first bought IFTHA waaaaaay back, as the annual rate reset gives a built-in (trailing) inflation hedge. I have bought and sold over the years as the price has fluctuated, but the main reason I have them is still that combination of price and rate reset.

If I recall, Infratil have occasionally bought some back on-market when the price was right.

A true "Swiss Army Knife"!

[bottomfeeder]

Changed my post after reading the past posts. All my questions are answered.

[Grimy]

I see the rate was reset at 7.06% last month, meaning around 12.3% for those who bought around 56-57 cents.

[NZSilver]

Why have yields jumped in the last few days? I notice my ift bonds went from 6.3% back to 6.8ish