It has gone EX div today I am wondering if div includes those shares from the placement?
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It has gone EX div today I am wondering if div includes those shares from the placement?
My partner has had a few interactions with Vodafone lately about sorting out broadband at a new house. They were so incompetent, and she is pretty patient. If IFT can sort out Vodafone's customer service problems then maybe this takeover will all be worthwhile, for Voda, for shareholders and for the NZ public.
I find that most of the companies I deal with have call centres from overseas, which I struggle to understand. I have not dealt with Vodafone, so cannot comment, but Spark call centre person was utterly difficult to understand, I think the call centre was in Malaysia. It may cost more to hire kiwis, but imagine a call centre that understood kiwis.........?
"Brookfield’s Australian targets this year include Healthscope, the country’s second largest health operator, which it acquired in a $4.35 billion deal.
It is set to sell its $1 billion half share in Genesee and Wyoming Australia to joint-venture partner Macquarie Infrastructure and Real Assets and has also struck a deal with
Infratil to buy Vodafone New Zealand for $3.2 billion."
Infratil cleared to buy Vodafone NZ
https://www.nzherald.co.nz/business/...ectid=12248537
cool , ill dwell on the future of nz telcos while im out fishing today
So a nice meeting in Napier tonight.
Interesting to hear that Tim believes the company could be worth north of $5.50 if they put all of Infratil's assets on the market and paid off debts. So that was some assurance. Otherwise it was business as usual and great things on the horizon.
IFT believe that Vodafone and Spark will unite to put 5G together for NZ otherwise it would be very expensive. What was quite interesting was there comparison of 4G and 5G. The slide was sort of showing us the size of the Earth as 4G and the size of the Sun was 5G in limitations. When 5G happens expect we could expect big things, Tim indicated. Otherwise they mentioned they were most likely not going to change the basic ways how Vodafone works (if they end up owning it), but how they will offer existing customers other add ons. The indication I had was that IFT will leave more money into it rather than strip it purely for dividends.
Canberra Data Centre seems to be ticking along quite nicely with contracts already in for leasing, so their major problem was constructing them, as the leases were already signed.
The Retire Australia I was not too sure about as Tim mentioned they (all Australian retirement sectors) had some bad rap in the media and house prices were lower which in turn affected their return. But he remained positive for the future.
Longrun was ticking along nicely with future programs in place which will be done when it suits them.
The assets which IFT have sold will be used to inject into Vodafone as the company needs investment. IFT are very happy with the Vodafone management.
They spoke about a few other things, but the brain can only retain so much information.
I'm not sure about this now.More likely,it has just gone through a consolidation period.Now looking to turn it around & building 300 units/year & adding care facilities.Margins didn't seem that great though.Vacancies had increased to 10% but hopefully starting to see light at the end of the tunnel.
In case you have missed it
Valuation of parts $5.70/share
Buy back up to 20,000,000 shares up to $5
Seems to make sense
Thanks JT for your posting
https://www.youtube.com/watch?v=kpW9JcWxKq0
Vodafone nicely placed to be the conduit :cool:
https://www.nzx.com/announcements/338751
I hope Morrison and Co rightfully take a bath on their bonuses after booking this loss...
I can smell $5 per share approaching. I am holding, but would not be buying at these levels.
The trouble is everything is so high and the savings accont is paying 0.1%. Glad I have invested for so long
I know behind a paywall, but a fairly favourable outlook on how things are progressing with the recent vodafone acquisition.
- Appointment of Jason Paris (who has actually commented on the article to a few posters),
- Upgrade of customer service in X-Squad ($10m investment),
- Teaming up with Kogan to launch a low cost Skinny competitor
- Partnering with Umbrellar in the IT services space
- Further advancing 5G plans
https://www.nbr.co.nz/analysis/sudde...ting-all-moves
I get the feeling that in a couple years this is going to look like a very good acquisition indeed.
Happily Holding, as we near $5 again.
ticking all the right boxes around forward growth :t_up:
Bottom drawer.
Dividend reinvestment plan reintroduced
Well some didn't like the result.A good old tree shake going on.
I'm looking forward to results within the next 2 years, when the returns from all the expansion investment going on comes through.
$1.4 billion returning 15%/annum ???
Thanks Bull. I get it :cool:
Getting closer to where it deserves to be
As well as its compounding return it has provided since listing in 1994 (17.5% in April 2019 when SP $4.40) IFT major advantage is that it is unlikely to be a takeover target,I hope.Otherwise I will have a huge problem eek. Doesn't bare to think about.
fees payable accruing, I guess its a good problem to have. More paper gains.
https://www.nzx.com/announcements/346757
Is the CDC a listed company or what is its structure ?
In case you still haven't got it
https://www.moneyhub.co.nz/compound-...alculator.html
10000
Interest Rate (%):
17.5
Number of Years:
26
Compounding Times Per Year :
The total amount (original investment + interest) is $662,192.92
The interest earned is $652,192.92
Good news on the Vodafone front: In the latest TelcoWatch market share report Vodafone climbed 1% to 36% market share over the final quarter of 2019. Main rival Spark fell 3% to 35%. 2degrees held at 23%.
In the most important percentage, that of customers on contract - (as they spend about 4x per month more than those on pre-pay.) Vodafone climbed from 41.7% to 44.5% on contract for the year.
Speaking as a shareholder of IFT and a customer of Vodafone, Spark and 2Degrees must be making a hash of their businesses!
;)
Have Spark really lost top spot? Don't they own skinny Mobile which has 8% share of the market.
5 G networks in USA
https://www.tipranks.com/analysts/brett-feldman
https://billbennett.co.nz/huawei-uk-5g.
Bennett illustrates just how big the jump is, that Vodafone has got over Spark in the 5G market.
He had previously nominated Vodafone's resurgence as one of the seven NZ tech highlights for 2019.
https://billbennett.co.nz/tech-moments-2019. In the piece titled; "The Vodafone giant awakes."
"It’s as if Vodafone has had a vitamin injection. Now there is an energy to the business that wasn’t there before. It helps that Paris recruited fresh talent to senior positions, but it goes beyond that. It is as if the company has awoken from a slumber."
Thanks RF.Interesting
if you want to follow mobile market share report go here
https://www.datamine.com/telcowatch?...edium=referral
Great initiative by Vodafone
https://www.stuff.co.nz/business/118...through-summer
Another NZ lifestyle choice....wonder why productivity is not so high? It must be a nice country to work in.
More bang for your buck.Mega trend?
https://www.scoop.co.nz/stories/BU20...3+January+2020
Starting a share buy back, either because they think they will be great value, or an attempt to control the price. Quite a few of my ex stocks suddenly have buy backs in place.
They have the virus, 3% death rate, buyback 3% of issued shares.
PE 175?
I'm surprised Infratil isn't any lower given their investments in European Airports and WIAL. But overall they're a pretty diversified business and not too worried about their future. I think will head lower on Monday given NZ's first case causing some undued panic among our peers.
Amazing run up last few years and some good investments, were probably priced for perfection anyway. This slowdown might actually present them with some good possibilities, but yeah will go down with the ship.
Honestly I think it is a good thing, at some point will be a great buy and will not have to worry about them being overvalued anymore
Oops! For some reason brain went back a few years! Corrected, no more airports in Europe!
Possibly too far out for some but 2022 forecast PE to be 10.Make of it as you will.
https://www.marketscreener.com/INFRA...31/financials/
How much is Vodafone benefiting from this?
https://www.nzherald.co.nz/business/...ectid=12316220
SP dropped below the MA 400, which brought IFT back onto my shopping list. However - fundamentals still looking pretty dear and while the downward momentum keeps going it is anyway not the time to buy.
They're not. Have you read the article?
I see they're the share buyback is in full effect. Making the most of the opportunity presented - the question I have is if this is the best use of their cash given the current worldwide situation. I'm not a holder, haven't owned before and have kicked myself for not buying when it was previously in the low 3's (approx. 2 years ago I think). Looking for a sound entry point, anyone have a target price in mind? Cheers
Yes, that's always the question with share buybacks. IFT have been well managed for many years now; I'm happy to leave it in their capable hands.
:cool:
At the current price you're in luck! At this stage who knows what the WIAL costs will add up to be - all I can foresee is that the longer this shutdown on boarders and air travel continues the bigger they'll be.
I would be expecting IFT to disclose to the market any material changes similar to AIA's announcements - or am I to optimistic?!
Oil does not affect the Electricity sector,Tiwai does and Al is way down.
Well, we got a statement from IFT but really nothing to say at this stage.
:closed eyes:
The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.
Would be better to let the price tank and start the buyback once the chart looked more promising.
"The problem with that is companies always seem to start the buy backs too soon, they have probably been buying back stock way above the current price, and their is also the danger that buying back stops it falling as much.Would be better to let the price tank and start the buyback once the chart looked more promising."
Are these "musings" correct?
This would be like trying to control Coronavirus with natural immunity in my view
There is nothing like price drops to install fear in the markets.Confidence needs to come back in to the market and this will be part of their reasoning.
Its tanking like most stocks I suspect due to lack of liquidity in the total market.
Passive funds will have needed liquidity due to redemption's in their funds and selling will be indiscriminate and with out logic .
Have they been buying too soon?.I have been thinking they have been very disciplined
IFT only started this buyback in Feb
https://stocknessmonster.com/news/ift.nzx/2020/
In daily lots of 50,000 to start with when it was above $4
Larger lots when in high $3
hope they cancel there buyback , repay debt is more important now
Holding a number of blue chip bonds ... including CNU020 and IFT190. Noticed in the last couple of weeks the interest rates for bonds going up, presumably reflecting the markets concern that some of these companies might drop somewhat in their credit rating.
Interesting however to compare these rates ... the interest rates demanded for IFT190 (and other IFT bonds) basically went through the roof compared to other good corporate NZ bonds. Just wondering whether the market wants to tell us something?
yellow line: IFT190, blue line: CNU020
Attachment 11168
Is this just Wellington Airports - or do we need to take a bit better look at the other IFT investments as well?
Are you seeing/interpreting the the same rates I am seeing BP?
I am seeing IFT 120 interest rate here at 6 % with not a lot of volume.Does this mean a holder is trying trying to raise cash? or liquidating assets?
https://stocknessmonster.com/charts/ift190.nzx/
https://stocknessmonster.com/charts/cnu020.nzx/
I would have thought IFT would be purchasing these as well as doing the buy back?
Well, this is what I am seeing:Attachment 11172
Interest rate now up to 6.3%, which means that somebody is desperate to sell. If you are really keen to sell a bond, you need to reduce its purchase price, which increases the interest rate the buyer gets. I know, it requires a bit of rethinking from buying shares. Shares are quoted in sell (or purchase-) price, while bonds are quoted in resulting interest rate.
Agree - volume is not that high (but not that low, either). Bond markets in NZ are in general not that liquid - i.e. read out of that what you want.
I saw 45% on your earlier post here
https://www.sharetrader.co.nz/attach...chmentid=11168
With no explanation what that was about.How would a reader interpret that?
And 6.3% on your latest post here
https://www.sharetrader.co.nz/attach...2&d=1585437757
I read that as a totally different story
From the 2019 Interim report
“A second key risk comes from the structure of the balance sheet. The big learning from the Global Financial Crisis (GFC) was the need to focus not so much on interest rate risk as liquidity risk, especially the ability to refinance debt when times get hard. A lot of Board time focuses on liquidity risk, the liquidity profile, and the ability to withstand a GFC-type even”
An announcement from IFT due tomorrow.
Yesterday's 'Telcowatch' report for Q1 March 2020 shows For all three months in Q1 2020, both Skinny and Vodafone saw an increase in market share compared to the Q4 2019 quarter.While both 2degrees and Spark saw a decrease in their year-on-year market share growth in Q1 2020. However; Vodafone's market share growth has slowed markedly.
looks like they are taking a hit. lower dividend and lower guidance . a majority of there portfolio is going to be impacted by covid going forward
Expecting Wellington Airport to be running at 66% of previous levels by next April and 85% in April 2022. Most of their businesses impacted in some way - lower electricity use, less roaming income for Vodafone, retirement home resales expected to be impacted. CDC not so bad and Tilt have most of their revenue locked in and are throwing $169 million back to IFT by capital return.
Headwinds, but 30% down in 2 months and traded as much as ~45% down. I'd have thought they'd be fairly resilient compared to a lot of other companies.
"That said, Bogoievski said it was prudent to wait until the full-year result in May to determine whether the full dividend should be paid."Knowing what we know today, I would expect to still pay out a substantial portion of that."
Sounds like Infratil is well-placed to underwrite the Wellington Airport capital needs. Unlike many NZ companies it is still intending to pay a dividend. AIA has already had talks with its bankers and then undertook a capital raising.
Why wouldn't they support it if they part own it as well?
How is it it structured?
Is it a loan?
Isn't it an important part of their infrastructure Wellington needs?
Of course along with their other infrastructure that ,like other councils,have been poor at maintaining
https://wellington.govt.nz/your-coun...write-approved
"Wellington City Council considered a proposal from Wellington International Airport Limited (WIAL) to, alongside the other shareholder Infratil
Infratil / CDC expanding into NZ, 2 new data centres in Auckland with room for more as needed..
Pop
No one else holding?
Good reliable dividend anyone?
This is why 5G,AI & renewable Energy so synergistic
https://finance.yahoo.com/news/its-d...155358619.html