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21-06-2024, 08:21 AM
#2191
This on the media -
Despite being bullish about Channel Infrastructure’s long-term prospects, Forsyth Barr analysts have downgraded the company from outperform to neutral.
And
While Forbarr continued to like Channel’s long-term prospects, it added that “we see it as trading at fair value relative to other defensive stocks following CHI's strong share price run since the beginning of 2024”.
Last edited by winner69; 21-06-2024 at 08:32 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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21-06-2024, 08:51 AM
#2192
Originally Posted by winner69
This on the media -
Despite being bullish about Channel Infrastructure’s long-term prospects, Forsyth Barr analysts have downgraded the company from outperform to neutral.
And
While Forbarr continued to like Channel’s long-term prospects, it added that “we see it as trading at fair value relative to other defensive stocks following CHI's strong share price run since the beginning of 2024”.
Well Milford like CHI.
To New Zealand Stock Exchange
and
To Channel Infrastructure NZ Ltd
Date this disclosure made: 20/06/2024
Date on which substantial holding began: 19/06/2024
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Fully paid ordinary shares
Summary for Milford Asset Management Ltd
For this disclosure,—
(a) total number held in class: 19,435,732
(b) total in class: 378,756,041
(c) total percentage held in class: 5.131%
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21-06-2024, 09:05 AM
#2193
Originally Posted by percy
Well Milford like CHI.
To New Zealand Stock Exchange
and
To Channel Infrastructure NZ Ltd
Date this disclosure made: 20/06/2024
Date on which substantial holding began: 19/06/2024
Substantial product holder(s) giving disclosure
Full name(s): Milford Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Fully paid ordinary shares
Summary for Milford Asset Management Ltd
For this disclosure,—
(a) total number held in class: 19,435,732
(b) total in class: 378,756,041
(c) total percentage held in class: 5.131%
Had about 15m shares prior to this
Got to do aomething with punters cash eh so when Craig’s came knocking the other day they threw some in thebpot.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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21-06-2024, 12:26 PM
#2194
BP don't like it, dumped 31.5m shares to go from 8.3% ... to 0%.
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21-06-2024, 02:22 PM
#2195
Member
The extension Seadra Energy had on that option to purchase some of the old plant expires early July, some $34 mil (US)
Will be interesting to see if they take it up…
I thought it was discussed at the time that one of the potential outcomes of CHI becoming fuel distribution only was that the big oil companies would sell out…once they had secured their long term contracts with CHI, which I understand they have done, Mobil went first, now BP,
It makes sense to me, they were tied in for security they now don’t need? Free up the cash?
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21-06-2024, 04:20 PM
#2196
That leaves Z as a shareholder.
Z ENERGY LIMITED
3 Queens Wharf, Wellington Central, Wellington, 6011 , New Zealand
Allocation 3:31572640 shares (8.34%)
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21-06-2024, 07:26 PM
#2197
And Z is now owned by Ampol on asx who has their own refinery Lytton in Queensland.
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21-06-2024, 07:49 PM
#2198
Member
Originally Posted by Perky
And Z is now owned by Ampol on asx who has their own refinery Lytton in Queensland.
Would CHI be excluded from being a takeover target due to its strategic relevance to NZ?
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21-06-2024, 07:54 PM
#2199
Originally Posted by Bikeguy
With such large parcels in play now is there the chance this business gets taken over?
Interest comment - are the Petrol companies likely to stick around on the Register long, if an opportunity to take out coin arises ?
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24-06-2024, 07:19 AM
#2200
Member
Originally Posted by winner69
Had about 15m shares prior to this
Got to do aomething with punters cash eh so when Craig’s came knocking the other day they threw some in thebpot.
So they brought 4.5 mil at 1.46? Seems pretty confident?
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