I see from marketscreener.com the average target price is $9.07 with a weak “buy” recommendation. It may have been some time since some brokers updated their targets.
The other companies I looked out before being locked out were OCA and KMD and they had strong buy recommendations on the marketscreener website.
I note 5 recommend IFT as a buy and I think Forsyth Barrr have them as Buy before current downturn. Whereas OCA are 3 at a buy and 1 as an out perform.
I note 5 recommend IFT as a buy and I think Forsyth Barrr have them as Buy before current downturn. Whereas OCA are 3 at a buy and 1 as an out perform.
Marketscreener.com recommendations have 2 buy, 1 outperform, and 2 hold for Infratil.
It usually trades below book value. So could in theory go below $5.13
Will be topping up big time at those levels.in saying that. If they do go to those levels I feel the rest of the market will be similar and there will be bargains galore.
From memory - their share price used to be some years ago double digits (in percent) below the NTA (i.e. book value minus intangibles). I think I remember even something like 30%, but can't be sure of that. Somebody else still has the numbers?
2022 NTA is $3.61;
Anyway - probably no need to rush the top up.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Can't read the article (hey, one can't subscribe to every publication, can one?), but wondering whether now is a good time to sell retirement stocks ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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