Just out of curiosity - where is this forecast (520 ... 550) (and the actual 453.4) you are quoting coming from? Plain fantasy, wrong currency - or did you get the wrong thread? Current IFT SP is 322 (as we speak) and consensus forecast is 338 (with a range from 324 to 349) - check out
http://markets.ft.com/research/Marke...asts?s=IFT:NZC.
And yes, the company had a good run over the last 16 months or so - however not sure, where in the view of some of the up-rampers here significant future earning boosts are supposed to come from. Trustpower? Good company, but power companies seem to be currently past peak. Retirement Industry? Yep, I expect some long term appreciation, but no short term jumps; Public transport? Yeah right ...
All solid industries and I agree that IFT was long term a good investment - though feels at the moment fully priced (as many others, I must admit).