Dividend reinvestment plan.
Atleast someone is buying!
This share has been a nightmare.
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Airports in Europe closed again
http://www.nzherald.co.nz/world/news...ectid=10645329
yes not a good year for Infratils European airports
Infratil Airports Europe ``experienced a difficult year'' with a $10 million loss
annual result out this morning
Infratil has posted a tax paid profit of $29 million for the year to March, turning around a $191m loss the previous year.
http://www.nzx.com/home/3709142/Infratil-earnings-rise
An unchanged final dividend of 3.75c a share will be paid on June 25
I received the forms for their Drip the other day. will be interesting to see if they offer at a discount.
Craigs commentary in their daily report
Infratil - A better balanced business - IFT has reported an FY10 EBITDA of NZ$363.3m, inBUY
line with our estimates. It guided for a 10-20% increase in FY11 EBITDA, with growth
coming from Shell, better controls in the Australian asset and benefiting from a potentially
improving economy. We have reduced our target price to NZ$2.04 and keep our Buy rating.
Looks like IFT are using some of that IFTWB cash they just received to buy back some of the newly issued shares.
750,000 @ 1.61 on the 26th http://www.nzx.com/markets/NZSX/IFT/.../Share-Buyback
350,000 @ 1.65 on the 25th http://www.nzx.com/markets/NZSX/IFT/.../Share-Buyback
750,000 @ 1.67 on the 21st http://www.nzx.com/markets/NZSX/IFT/.../Share-Buyback
Probably not a bad idea considering they're buying them back for less than the cash they received ($1.67 = $0.55 + $1.12) when they issued them.
It also means the directors believe the best thing they can do with the company's money is to reinvest back into the company. Surely a good thing.
Major shareholder Utilico increasing their stake
http://www.nzx.com/markets/NZSX/IFT/...tilico-Limited
A number of directors also increasing their shareholdings
http://www.nzx.com/markets/NZSX/IFT/...sure-Tim-Brown
http://www.nzx.com/markets/NZSX/IFT/...rs-Kevin-Baker
http://www.nzx.com/markets/NZSX/IFT/...Lloyd-Morrison
http://www.nzx.com/markets/NZSX/IFT/...e-David-Newman
http://www.nzx.com/markets/NZSX/IFT/...re-Kevin-Baker
All good signs IMO
Wifes boycotting BP because of oil leak. Outrage is spreading against this company
Do you mean outrage against BP or against IFT ?
Infratil invests mainly in renewable energy according to its website.
I cant see any great link between BP and IFT apart from one of the Directors was previously Managing Director of BP New Zealand so why post here?