And up she goes?????
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PE & Div Yield certainly seem to continue to be grossly out of the park with NPH
and overvalued IMO
What is causing that ?
Surely there can't be that huge a bundle of stubborn HB & other holders who are sitters no matter what ? ;)
Okay so NTA to SP is roughly double, but .. ($1 buys 50c NTA roughly)
Comparing to SPN is a useful yardstick even with possible effects of Tiwai down south costed in..
Could it be that NPH still has it's price held up there purely because it is in NZX50?
meanwhile.... over the other side of the fence - https://www.nzx.com/announcements/358818 ....a very solid result from SPN.
much lower PE. better divi. & perhaps a good comparison to use as a yard stick (if nothing else).
Napier Port one of Salt Funds largest shorts on it's long Short Fund
Good. Maybe buying opportunity coming up
The Long lost thread brought forward:
18/11/2020, 8:30 am FLLYR
FINANCIAL RESULTS FOR THE YEAR TO 30 SEPTEMBER 2020
Net Profit up 221% (mostly due to Slashed Finance Costs even with reduced Interest rates)
Div payable 18 Dec 2020 - 5.0 cps & Fully Imputed
No June 2020 Div was paid & No / curtailed Cruise ship activity features
Freight recoveries appear to have 'filled the gap'
Does this result really look at all that bad ?
SP retreated back on the announcement to $3.54 - obviously the Market may not be impressed
or too early & still eyes digesting it ?
https://www.nzx.com/announcements/363388
Auckland port applying a congestion tax on its freight now.
A good chance that this government will reinstate NZ based coastal shipping services.
You might get boost yet?
If Auckland port are taxing or charging for congestion - then they are taxing/charging based on their own ineptitude.
https://www.rnz.co.nz/national/progr...delays-wharfie
Maersk & MSC at least have bought in congestion charges via POA.