Shorting Mr B?
BB compressing.
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Craigs report 22/7/20 12 month price target $5.46 PE 22.48
They report a neutral price target but their commentary to me reads more favorably than their normal reports on IFT?
Singapore Airlines have announced they will not return to Wellington for the foreseeable future post COVID:
https://www.stuff.co.nz/business/ind...seeable-future
Not good for IFT seeking to earn a buck on the substantial spend on infrastructure at WLG airport.
No...And Wellington Airport is a pretty sizeable chunk of Infratils invesment portfolio. ~11%.
Per the 2020 report they state that 85% of passengers are still flying domestically. I guess some of these people are tourists...so thats not the whole story, there will be a lot less tourists flying domestically. They have deferred as much CAPEX as they can, reduced costs etc etc. Going to have a pretty major effect thats for sure. Pleased they are not half way through extending the runway etc. And hoping that their Vodafone bet comes good.
Maybe they need to get on and marry it up with SKY ?
Disc. Recent holder.
https://webcache.googleusercontent.c...&ct=clnk&gl=au
Intelligent investor are hot for IFT. CDC especially spinning their wheels.
from the article
It's 26 years have generated returns of 16.6% per year, a return that trounces the market and most star fund managers.
ift great investment . i raved on this thread ages back that cdc and tilt were the best additions to growth in there portfolio and still are
Yes, thanks, Rowdy. I've held IFT since the IPO - it's now my largest NZ holding. Good to see some Aussie coverage - and appreciation here!
Does anyone have information about the share buy back program?
Disc: Bought a small holding recently :)