Well chart doesn't look good? even though they have a share buy back approved.Similar to what happened a few years back.
Big seller lurking ?
Saville?
Caltex ?
Oversold?
Otherwise portfolio back to where it was at its highest :)
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Well chart doesn't look good? even though they have a share buy back approved.Similar to what happened a few years back.
Big seller lurking ?
Saville?
Caltex ?
Oversold?
Otherwise portfolio back to where it was at its highest :)
Now that IFT has locked in profits from the disposal of the remainder of its investment in ZEL, what will they do with the proceeds? Will they keep a war chest at the ready in case the market drops further? Have they got specific acquisitions already in mind (such as increasing their stake in MET)? Will they step up their buy-back programme? Or, will they make a cash capital return payment to shareholders?
And the share price drops,go figure :)
Looks like it
http://www.nbr.co.nz/article/infrati...hydro-b-179495
Indeed, I have had IFT for a long time and have had a good return over the years. However not all their investments have performed as they would have liked - ergo there is always risk when undertaking a new investment especially if it is a switch from an (historcally) high performing investment. In addition, I think IFT may have sold ZEL preemptively to lock in their profits from ZEL before a period of uncertainty for that company with the ComCom roulette wheel.
Which new deal ? With plenty of fire power there are opportunities.We can be sure they know either space well.It made 5? times its original investment with Z.With an estimate of a $1b new investment all the best for another good run :)
http://www.nbr.co.nz/article/market-...drops-b-179609
http://www.nzherald.co.nz/sharemarke...522346&ref=rss