annual meeting august 24th
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annual meeting august 24th
anyone going to the road shows care to ask whats happening with nz bus review?
council looking to end nz bus monopoly in wellington airport
https://www.stuff.co.nz/business/105...ransport-buses
Been really handy for me.Use it every time im in Welly.Very frequent,every 15-20 mins or something like that, just hang at Manners/Cuba st cnr a short walk from my stay. The bus foray in NZ been bit of dog for Infratil over many years?
if skybus acquire the flyer 'rights' and WCC likely don't provide a secondary option, I can see a hike in prices coming...
if the council pass this whats left of nz bus in wellington is worth less or next to nothing
accc targeting energy retailers , not sure if this will effect ift or tilt
https://www.smh.com.au/business/cons...11-p4zqrq.html
Be grateful for a regular bus service to the airport. It took years to get one; they used to go to Miramar, Seatoun and miss the airport.
hows the nz bus sale coming along?
Roadshow
CDC My view 3x upside valuation within 2 yrs
RetireAustralia. Valued at asset backing cf Ryman 3x asset backing?IFT have reviewed development pipeline since purchasing.This is why number of units sold was down to 50 from 100.Ramping up to 250-300 in 2-3 yrs.My view 3x upside within 2 yrs.JV with golf clubs great idea.
Longroad Sold 250 MW solar generation in Texas for $30m profit before it was finished.Over 2000 MW ? pipeline of developments in pipeline
NZ Bus: Derisked with councils taking on the risk.$35m income guaranteed?E buses being dropped.NZ bus only has 1 on road.
Haha??? Wellington Council installed E bus charging station in Island Bay but not enough power line capacity so they have installed a diesel generator to power recharging station WTF!
Financing:30% gearing at the moment but likely increasing as more development pipeline ramps up
DRP plan likely to be reinstated at the end of this year
This is an issue I pointed out in one of the gentailer threads some time ago. It isn't just a matter of installing charging stations around the country, the untalked about issue is that there just isn't the powerline capacity to install sufficient charging stations to cope. This is particularly so in the more remote areas, but the fact that it has arisen in a city does surprise me. I would have thought that factor would have been thought out in advance.
Government funding for NZBus charging stations at Kilbirnie and Karori. Looks like Wrightspeed is now out of the picture for conversions, now a Chinese supplier.
More than 50 old trolley buses should be converted to battery-power and put back on Wellington's streets from January thanks to a $763,000 government grant.
http://www.stuff.co.nz/business/1060...-get-subsidies
There was some problem with the power supply they can get to the chargers at the moment, hence the generators. The whole network "upgrade" sounds like a complete clusterbus.
big play by mcy and ift takeover of tlt at 2.30
Well - I guess splitting it first from Trustpower did add a lot of negative value, both to Trustpower as well as to Tilt. Will be interesting to see whether they can this way recover some of the losses, though I doubt it.
On the other hand - just removing the company name "Tilt" from the face of the earth must make it a better place? Just wondering who ever thought that Tilt is a good name for an energy company ...
Couldnt agree more IFT is positioned for the future.
Id like to get back in too. They have had some failures, they really stuffed up their long game with overseas airports and arguably the bus companies too.
Cant remember but it was at least two maybe 4 airports in UK, Europe that fizzled . Sold one for $1 or something , it cost me s/p wise so i dont forget. Ironically IFT looks to have performed better post the Lloyd Morrison days, he was a top guy, he would be at the doorway and shake hands with everyone at AGM's etc.RIP
A very pragmatic approach by two companies that are very long term orientated, this investor approves..
Share buyback announced for up to 8.9% of issues shares over the next 11 months. Another abject waste of (shareholder) money or a good use of capital - a link to the DRP that may be reintroduced?
From one who would know?
https://www.cnbc.com/2018/08/31/warr...hoo&yptr=yahoo
Presumably only a good use of capital if the company is well capitalized.
IFT have continually had share buybacks approved but only buyback when market has deeply undervalued their share price.
Smart move I would suggest particularly if we are ripe for a sell off in stock prices?
A share buy back approval gives investors some confidence IFT share prce won't drop absurdly.
Where to from here?Well placed
https://www.interest.co.nz/business/...ty-power-those
What do you guys reckon. I'm looking to re-enter IFT but looks like as if they have to stump up more money for TLT so wait a bit? What does TA say?
Back up to 3.465 will be interesting to see how the JV goes, still well over 20% of small parcel shareholders have held out till now...
Maybe a special dividend is on the cards :D
Strategic review of ANU student accommodation announced, because future opportunities in the sector have not materialised. Sounds like a sell off. Any thoughts about why no sector opportunities?
There's lately been quite a bit in the way of funding cuts and freezes and so forth in the tertiary sector over there and enrolments are dropping quite substantially as a result I understand. They probably don't see the outlook as being anywhere near as good as it was when the acquired it (Rudd uncapped university places in 2009 which drove a lot of growth).
Does anyone have any thoughts on the half year results. On the whole it looks positive ?
Hi Pmdv77 - yesa very good result for IFT. Good noises being made about ongoing dividendgrowth and an EBIT upgrade.
As ever with IFT the key is portfolio changes in the future to ensure ongoingdividend growth for investors along with capital appreciation. Despite IFT's efforts to convince the market otherwise the shares seemlike they'll always trade at a discount to the portfolio NAV. Current NAV of$4.75 according to IFT so around a 36% discount to current share price. Idon't have any sensible benchmarks to hand but a 36% discount to NAV seems highto me.
Strategic reviews underway for ANU, NZ Bus, Perth Energy investments. Whateverthe outcomes of those reviews I'd trust IFT to receive back at least currentbook value, for the three that totals $353m (though based on current earnings adiscount to BV is possible, esp for NZ Bus). Dundonnell will suck up atleast A$166 of that.
Dividend growth should be taken care of by ongoing growth I'd say. But, willthe existing debt facilties plus any net realized 'strategic review'proceeds plus ongoing operating earnings deliver ongoing capitalappreciation (or at least NAV growth)?
My money is on yes!
good result , i like that there more active in ditching poor returning units
My money is on yes too!
This share is going well. One of my long longterm holds and it looks like plenty of interest with more than $6 million traded so far today
That i sa big jump for IFT on decent volume. Why
ift data centres making a big aquisition
https://www.afr.com/street-talk/infr...0181213-h19212
Thanks, bull.... . Here's the NZX announcement for those of us non afr-enabled.
https://www.nzx.com/announcements/328397
$218-$240 million for NZ Bus
Agreement to Sell New Zealand Bus to Next Capital 2 pages 289.3KB
retire aus ceo baled wonder if it because the RC starts tomorrow anyway shares still tracking nicely
everyones so busy talking and investing in oca lol they havent noticed ift has been kicking all time highs. been much better way to make money
True - hindsight would be an excellent guide, if we could go back in time ;);, but thanks for the reminder.
Looking however forward - it looks to me that the market overvalues IFT at the moment. SP is around analyst consensus, and analyst consensus is for my feeling anyway a bit high for this share. Average backward PE is 14, average forward PE is nearly 23. Growth (revenue and / or earnings) is not existent - and let's face it, which of their investments is likely to make in the short term outstanding capital gains? TPW is a boring gentailer and currently more at the upper price boundary. Their alternative energy investments may or may not bear fruit in a decade or two - and I never understood anyway what brought them into student accomodation. Does not sound like an easy money spinner to me. And their datacentres? Well, not that hard for competiton to build some as well if datacentres are the cash cows of the future (which I doubt).
So - sure, they will keep making some money, but to justify their current SP they would need plenty of sustainable growth. Not sure I see where this is supposed to come from.
I trust you are selling?
I haven’t got time to post the details, but I’m pretty sure the PBSA asset has performed well, it’s more a case of the lack of similar investments available and therefore the limited ability to grow the asset class to a meaningful scale with respect of IFT overall portfolio
new highs maybe a big round 4 coming
Maybe ...
However - market sentiment is now firmly in "greed" mode, RSI is moving close to 80 (overbought) and volume is dropping. Might not be the best time to buy ...
nothing like the smell of a 4 on it , nobody telling me off for being a bull lol gee 99% of my posts today are bullish will disappoint the hecklers
First time I have looked at share prices for a couple of weeks.
Taking my eye off the pot has certainly let it boil. Last time I looked it was 3.50 now 3.90 Finally some recognition coming through of what a great portfolio they have put together
I first purchased this share in 1996 for 50cents...unfortunately I sold it to buy my first home....but have been back in for a wee while...I pay limited attention to it but was impressed with Jeremy Medlin’s interview with Tim Cook so have been following it a little more.
still holding up for the hoped for 4 dollar party