https://www.napierport.co.nz/our-bus...uture/6-wharf/
Per the updates all 400 piles are now in and the penguins are happy. I would expect there is a fixed price contract with HEB.
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https://www.napierport.co.nz/our-bus...uture/6-wharf/
Per the updates all 400 piles are now in and the penguins are happy. I would expect there is a fixed price contract with HEB.
HEB were one of the parties involved with Transmission Gully...but we all know that was completed on time and within budget....oops hold on maybe not
probably right on track to further deflate profit & inflate interest + depreciation expense at
the very earliest possible opportunity :)
Got to give it to NPH - they couldn't have got their timing so perfectly planned for a new wharf :)
Let's guess now what the next dividend spit out will likely look like in June - perhaps half of what it was previously ;)
The previous NAPIER PORT June Dividend payout efforts look like this:
June 2020 A Big Fat Screaming Zero - due mostly to reduced cruise ships most might guess
(the dedicated NPH Cruise Manager is bound to confirm this without a doubt) ;)
June 2021 a meagre 2.8 cps (at which time most were left wondering or might have concluded
that Southport - or in fact just about every other Port Company listed looked a better bet)
The way things are headed - Money in the Bank might soon start exceeding % ROI
the NPH offers (if the brave overlook a SP which looks like it might be on a journey
to explore some of the newly driven piers down towards the murky bottom among
any brave fish and sea life :)
Anyone who thinks AIR is a fabulous investment really should not miss out adding NPH
to their list to maintain consistency in their portfolio ;)
Hu<
You forgot the penguins !
P&O Pacific Explorer arrives in Sydney Harbour after a two-year ban on cruising............ NZ sure to follow shortly
I sold out at the second push at 3.50.
I'll get back in at some stage but looking a little lower than 3.00
Well the Market seemed to really like that announcement:
https://www.nzherald.co.nz/business/...MSOXZ4327F375E
Napier Port's new $175 million wharf project almost complete
https://www.nzx.com/instruments/NPH
Still on the steady slide from $3.50 and closed today $2.85
Still no sign of increased volume to use the capacity and another month or two before
Cruise ships start again assuming a new worse Covid variant doesn't make shore before ;)
Perhaps they should lease out spots on the new wharf for BBQ's and Tea Parties
until a few puffs of steam appear on the horizon out from Napier :)
What a disaster of an overpriced excuse for an IPO that has mostly performed
below others in the sector, and for those jumping on board post the IPO probably
are under water with losses and/or red ink ;)
Not only that but their polished up IPO projections & Div forecasts have mostly seen outcome
on the south side of those indicated
Comparing against other players, the board of the HBRC majority controlled NPH probably need a wake up
call, in the interests of all the Region's ratepayers as presumed defacto beneficiaries of the show ;)
Perhaps NPH should look at how SPN successfully repeatedly do what NPH should have no difficulty replicating - with what 100+ years of past port operator history ? ;)
Hopefully the new wharf addition representing just over 30% of current Capitalisation wont linger
as an under-utilised white elephant on the books as a result of the port company's grandiose
'must have' growth strategies flown to gain semi independence from the HBRC Quango..
Not forgetting that it was the new external stakeholder's funds who paid for this expensive
wharf addition, rather than HBRC who obviously didn't have the readies, necessitating listing
the show on NZX to facilitate the grandiose plan :)
NPH is no longer a sleepy satellite division of HBRC, but now has outside shareholders as a listed entity and is expected to perform & very well for all it's stakeholders, new and pre-existing going forwards :)
Interesting to note how they have also deferred the inland port proposed for Whakatu, and in doing so have forfeited $20M of Shane's provincial growth fund money.
Those rosy forecasts of growth must be failing to materialise.