Quote Originally Posted by macduffy View Post
With major assets in places like Tauranga, Wellington, Australia etc IFT probably doesn't have the profile in the South Is. as in some other areas!



Sorry, BP. Being an old native Cantabrian I couldn't resist that.
Interesting - I didn't realise that they have secret assets. Probably a disadvantage to live far from the big smoke and the big rain ... ;

Their official asset backing (NTA) is (according to direct broking - sorry, was too lazy to check the balance sheet) $3.03.

Sure - not bad ... though some of their assetts might not be that easy to liquidate if they have to ... but than, others might be.

If you want to know how much e.g. a $120m windfarm (NWF) can be worth on the market if you need to sell - look no further than Palmerston North . And hey - NWF are at the moment quite dear (nearly $40m marketcap) - some years ago the market paid less than half of that for the $120m investment.