Originally Posted by
BlackPeter
Net profit last year was significantly higher ($438m including one-offs) ... however, this was the end of the fat years.
2017 forecast looks quite right (41.7m in 4traders).
And yes, net profit is exactly the place to look - though some of their holdings (TPW) obviously can pay dividends out of the cash flow.
I guess they managed to hugely boost their profits in the past years by selling stuff with big capital gains (Z-Energy + some Australian power retailer and wind farm I think). Nothing worthwhile to sell left. The separation between Trustpower and Tilt ws as well a flop (well, at least for the shareholder value).
What surprises me is that this thread seems to be a bit slow with catching up with the realities ... If you look back, there is nothing new in this information - some posters highlighted months ago that the emperor is wearing no cloths - only attacked by a flock of IFT supporters (who potentially only wanted to sell their shares before admitting IFT's change of gears ....);
January 2017: