Forum Archive Index - October 2000

["Graeme & Jill Christie" <bayvu@ihug.co.nz>]

Hi Warner and welcome back.  Your synopsis on Port cos was very
interesting.I agree these port cos are worth watching.  My only comments
would be that, in relation to POA, the Dairy Bd has stated its intention to
export from regional ports in the province of production  rather than
slamming it all through POA.  Second, any slowdown in the economy may see a
reduction of imports back across the wharf.  Infratil gives  good exposure
to POT, and is maybe one to watch in its own right.  Cheers Graeme
-----Original Message-----
From: Warner Lamb <cloud9@i4free.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Wednesday, 25 October 2000 13:59
Subject: Re: [sharechat] NZ PORTS


>Dick, your message arrived! welcome. Now I do not claim to be a clever
>person esp recently but since its so quiet I dug out some figures from
>sharechat. These are just the basic stats, and may bring out some comment
>from more in the know on ports in NZ. We havent done much chatting on these
>in the past but considering the low dollar and the talk of export lead
>recovery in NZ and Aus, it could be a good time to look at them.
>
>Someone may add EPS growth figures to this or Future prospects.
>All Co,s are making a profit.
>
>
>COMPANY              CURRENT PRICE      LOW/HIGH(1yr)     PE ratio     NTA
>Div Y%
>
>SOUTHPORT (SPN)      108c                82-120           17.8         95.2
>7.6%
>LYTTELTON (LPC)      147c               135-180           10.0         32.4
>10.4%
>TAURANGA  (POT)      540c               490-640           21.0        338.0
>6.1%
>AUCKLAND  (POA)      397c               372-550           12.2        181.7
>6.8%
>NORTHPORT (NTH)      170c               110-190           14.7        116.1
>7.5%
>
>Some general thoughts
>SPN apparently well placed from ag recovery, and will benefit from upturn
in
>volumes. Near highs
>LYT currently doing some PR damage recovery in Press...re: marina/ yacht
>disaster. Highest Yield.
>POT seems favourite ATM with high PE and has recently won a POA client,
well
>placed for increased forestry exports.
>POA I had same thoughts on POA, seems to have come off lows, some capital
>expense to come (for lg ships). my pick.
>NTH Some big developments coming up, growth prospects seem good. Near highs
>
>I have recently looked at POA for long term investment with good Y%.
>
>All advice welcome.
>
>Warner
>
>
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