Channel Infrastructure NZ Limited

[SailorRob]

I’m unsure of what you mean? Isn’t it a good thing if ACC is purchasing shares in this company?

Not at all - a state run organisation that would have difficulty distinguishing its arse from its elbow.

If it was a good thing then we would simply follow what ACC bought.

[Rawz]

ACC very astute. Better record than Berkshire last 10 years

[SailorRob]

ACC very astute. Better record than Berkshire last 10 years

Just been through their annual report.

They have done pretty well in NZ equities over the last 31 years and well overall considering they can't be 100% equities.

But it's the future that counts and the report is full of ESG investing, investing in all kinds of other sickening PC rubbish that I cannot repeat here and then over and above all that the bloody channel infrastructure.

I see a fair bit of private equity 'mark your own homework' stuff too and taxpayer supported stuff, where government basically gives them money for BS investments.

But no question they seem astute in the past.

Not sure how to check your claim vs Berkshire but they have done 2.49% over the last 3 years... So the preceding 7 must have been BLOODY good.

[Bikeguy]

ACC very astute. Better record than Berkshire last 10 years

So ACC did not have a position in CHI prior to accumulating these shares?

For some reason I thought I had read somewhere that they were about environmental investing etc now?

So taking a position in CHI would not really fit? Or is this about where this potential JV with Fortscue is going? Green Hydrogen?

[Sideshow Bob]

https://businessdesk.co.nz/article/m...c4df-402467359 (Paywalled)

CHI rated "very good value, particularly relative to other defensive stocks and infrastructure names"

[Bikeguy]

This stock reports tomorrow, any thoughts on what the report card will read like?

[Sideshow Bob]

https://www.nzx.com/announcements/427061

Highlights
• Full year throughput of 3.4 billion litres, slightly ahead of Envisory’s fuel demand outlook,driven by growing jet fuel demand
• Fixed and variable terminal fees exceeded the minimum contractual take-or-pay level,reflecting strong throughput and higher ancillary charges
• $87.2 million EBITDA from continuing operations and $61.8 million Normalised FreeCash Flow for first full financial year at the top end of August guidance
• Declared an unimputed final ordinary dividend of 6.3 cents per share and a specialdividend of 1.5 cents per share, bringing the total FY23 dividend to 12 cents per sharerepresenting a dividend yield of 8.3%1
• Conversion project is now substantially complete, with firefighting upgrades expected tocomplete this year and bund upgrade work expected to continue until 2027
• Over 100 million litres of private storage now in service, with 45 million litres of jetstorage commissioned in Q3 FY23
• Refreshed strategy released, with a focus on being a world-class energy infrastructurecompany and provider of infrastructure solutions to meet New Zealand’s changing fueland energy needs
• Evaluating brownfield growth opportunities, including Government and additionalcustomer storage requirements, providing increased fuel supply chain resilience for NewZealand.All numbers relate to the twelve months ended 31 December 2023 (FY23) unless stat

[Bikeguy]

https://www.nzx.com/announcements/427061

Highlights
• Full year throughput of 3.4 billion litres, slightly ahead of Envisory’s fuel demand outlook,driven by growing jet fuel demand
• Fixed and variable terminal fees exceeded the minimum contractual take-or-pay level,reflecting strong throughput and higher ancillary charges
• $87.2 million EBITDA from continuing operations and $61.8 million Normalised FreeCash Flow for first full financial year at the top end of August guidance
• Declared an unimputed final ordinary dividend of 6.3 cents per share and a specialdividend of 1.5 cents per share, bringing the total FY23 dividend to 12 cents per sharerepresenting a dividend yield of 8.3%1
• Conversion project is now substantially complete, with firefighting upgrades expected tocomplete this year and bund upgrade work expected to continue until 2027
• Over 100 million litres of private storage now in service, with 45 million litres of jetstorage commissioned in Q3 FY23
• Refreshed strategy released, with a focus on being a world-class energy infrastructurecompany and provider of infrastructure solutions to meet New Zealand’s changing fueland energy needs
• Evaluating brownfield growth opportunities, including Government and additionalcustomer storage requirements, providing increased fuel supply chain resilience for NewZealand.All numbers relate to the twelve months ended 31 December 2023 (FY23) unless stat

Pretty decent report card?

[percy]

Pretty decent report card?

Looks to be a sound infrastructure business with great free cash flow.

[alokdhir]

Looks to be a sound infrastructure business with great free cash flow.

It can be great and reliable long term yield play ....what u say mate ?