Tuesday, September 6, 2011

Share Price Alert: Port of Tauranga Ltd 2

Port of Tauranga Ltd [POT.NZX] shares have continued their spectacular run from the last Share Investor Share Price Alert. Since that post on May 9 when POT shares finished trading at $8.70 on May 6 the share price has increased by $1.26 or 14.5% in an overall market that has been flatish.

This is after a record 2011 full year profit result and good future prospects based on increased exports and the port being favoured over its biggest rival, Ports of Auckland, by big shipping lines.

This latest share price rise comes off a base September 2010 share price of $6.75 where POT shares have piled on almost two bucks or nearly 30% to finish trading at the above mentioned $8.70. 2011 alone has seen its share price rise by just over 2 dollars, the bulk of that rise being in the last 5 months.

The market has been over exuberant in my opinion and while the company is a quality one and its long term future looks bright its share price is overvalued and is due for a pull-back.

Its fundamentals are looking thin and there are quality stocks on the NZX that have lower multiples than POT and are currently a better buy.

P/E 22.860
EPS $0.436
NTA $5.090
Gross Div Yield 4.303%

Wait for the pull-back it you have been looking to buy POT and consider selling soon if you were going to anyway.

Share Price Alert Series

Contact Energy Ltd 4

The Warehouse Group Ltd 2
Contact Energy Ltd 3
Contact Energy Ltd 2
Xero Ltd 2
Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
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 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd

POT @ Share Investor

Share Price Alert: Port of Tauranga Ltd
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

c Share Investor 2011