Ports of Tauranga Ltd [POT.NZX] have had a truely spectacular run share price wise in 2011.
From a September 2010 share price of $6.75 POT shares have piled on almost two bucks or nearly 30% to finish trading at $8.70 on Friday 6 May. 2011 alone has seen its share price rise by just over 1 dollar, the bulk of that rise being in the last 6-7 weeks alone.
This has come as a result of a good performance for the 2011 half year result, up a stunning 23% on the 2009 result.
This is a result of massively increased cargo volumes through the port, especially imports. These volumes seem mostly be related to increases in the imports and exports from the farming sector and look set to continue if record commodity prices hold and especially if the US dollar strengthens.
You would have to say that the market has factored in reasonably well where the company is going in the medium term so the company may well be fairly priced given that everything seems to be going well for the company at present.
Having said that, ports are highly cyclical businesses and if you are looking for a price pullback and have wanted this great company for your portfolio you might want to be patient and wait for an inevitable weakness in cargo volumes.
Timing here is everything.
Share Price Alert Series
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
POT @ Share Investor
Long Term View: Port Of Tauranga Ltd
Port in a storm
Ports of Auckland put a shot over competitor's bow
Discuss POT @ Share Investor Forum
Download POT Company Reports
Recommended Amazon Reading
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $7.50
Usually ships in 24 hours
Buy The Intelligent Investor & more @ Fishpond.co.nz
c Share Investor 2011
Ex-Dividend Stocks for Week 1 of December - Here is our latest update on the stock trading technique called 'Buying Dividends,' also commonly referred to as 'Dividend Capture.' This is the process ...
17 hours ago