Trustpower isnt down on my chart - I was just thinking its broken out of its triangle on the upside!
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I notice that IFT closed at the $2 mark today. A closing price previous seen 14 months ago and last bettered on the 22-Oct-2009.
Depending upon your definition of an uptrend this has been slowly crawling up since either Apr-2009 or Aug-2011.
So maybe those $4.25 warrants will be in the money by 29-Jun (this year)! :lol:
best wishes
Paper Tiger
Very sad announcement :crying:
in mourningQuote:
IFT
30/05/2012 16:30
EXERCISE
REL: 1630 HRS Infratil Limited
EXERCISE: IFT: Infratil Warrants To Expire Unexercised
Free warrants issued by Infratil to shareholders in 2007 expire 29 June 2012.
Until their expiry the warrants entitle the holder to buy one Infratil share for each warrant held. The price at which the share may be purchased is$4.12.
Given that Infratil shares can be purchased at a substantial discount to the warrant exercise price, no exercise of the warrants is anticipated.
A copy of the warrant prospectus and other information about the warrants is available on http://www.infratil.com/content/view/1943/120/
End CA:00223427 For:IFT Type:EXERCISE Time:2012-05-30 16:30:57
Paper Tiger
share price would appear to have completed a 5 wave move upwards now.....
looking forward to the correction for a further buy opportunity
Radio reports today speculate(?) that Snapper card will be red-carded from the Auckland transport scene. If so, it's not good news for its parent company. As the effective "live" date for integration of the systems was sometime in November, one can only assume that milestone stages havn't been achieved - but that's more speculation - on my part, this time.
Disc: Holding IFT.
That could spell the end for Snapper entirely as a transport payment mechanism, given the NZTA will use the Thales system as the backbone for a nationwide ticketing system. Operators or Councils (depending upon the contract model used) will be able to choose the equipment used on vehicles, but it must integrate with the Thales-based system.
As far as expansion, I would agree though there is still the possibly that they could integrate into the Thales system down the line (I just dont see it happening on launch which will be fatal for Snapper re the Auckland network). As far as wellington, they will continue to operate on their fleet down there and as I say, depending on when they move to integrated ticketing, may be able to integrate. They must hold a resonable float and they are/have expanded it much wider than just buses - into taxis, shops, (is parking implemented??) etc.
Remember that Snapper is set to lose access to a sizable portion of the float post Thales implementation, as HOP card top-ups will shortly reside with Auckland Transport, who will use the interest gained from this sizable investment - which I understand to be around the $10M mark at any given time in Auckland - to improve the public transport network.
Worse yet, the Thales based system is set to become the NZTA's national standard, with the long-term vision being one card that will work on any public transport service throughout the country. Of course a Government department's ability to deliver on that sort of vision is somewhat chequered, so whether this is achieved is another story.
We are also seeing an increasing number of banks and credit card companies establish their own off-transport payment systems (e.g. Visa Paywave), and given their already established userbase, could remove one of the last remaining advantages of the system. Why have a Snapper card when you can have a HOP card and a Visa/Mastercard?
Zaphod - I said there is a possibility they can hook into the Thales system if given enough time. They have to figure out whether they think they can or just kill this business quickly taking what extra money they can as it winds down.
Yes, I agree the possibility is still there and let's hope they don’t miss it, but I wonder whether given the lack of a float and competition from other payment providers in the off-transport space, there is still a business there even if they do hook into the Thales system?
Agree - Snapper is out of Auckland (just a matter of waiting for it to be offical really) so they should be thinking about winddown and milking what they have for as much as they can get on a skelaton staff/expenses.
Snappers out. AT finally announced: http://www.aucklandtransport.govt.nz...ticketing.aspx
AT stuffed this one up royally costing lots of people lots of money.
http://www.telegraph.co.uk/finance/n...d-airport.html
Telegraph suggests IFT, with the NZ Super fund is bidding for Stanstead. Hard to say if this would be good for IFT as it comes down to price. The airport is very busy but reliant on one airline.
I was more of a Heathrow person while I was in London - far too many issues with the cheap airlines to rely on using them for quick trips.