Monday, February 27, 2017

POT: Is it Worth Getting Back In?


Port of Tauranga Ltd [POT.NZX] is an interesting share. Interesting because I once owned it about 10 years ago and extremely interesting considering I would have made HEAPS on my initial investment of around 8000 shares - roughly 5x considering I sold at around 5 bucks - that 5x figure doesn't even include dividends.

Never mind. You live, you learn.

What I want to know is it worth going back in?

As we speak its trading at $4.25 - not cheap considering other more deserving companies but it is cheap if you look out 3-5 years from now.

Its the largest container terminal in NZ and is well on the way to becoming the biggest terminal in the country, grabbing more and more tonnage off Ports of Auckland.

The terminal at their MetroPort Auckland, a rail-linked inland port in South Auckland will continue to grow at the expense of Auckland Ports as POT is more efficient and they don't have the horrible wee Trade Unions to deal with.

If you could get this share now, get it, if you see a weak spot coming up you could do well to get this under 4 bucks.




POT @ Share Investor

Port of Auckland Dispute:Time to Move On
Share Price Alert: Port of Tauranga Ltd 2 
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

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Steve Jobs

Steve Jobs by Walter Isaacson
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Steve Jobs: Put a Ding in Your Universe: An Entrepreneur's Guide to the Wisdom of Steve Jobs

Steve Jobs: Put a Ding in Your Universe: An Entrepreneur's Guide to the Wisdom of Steve Jobs by Tyler Lewis
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Monday, February 20, 2017

The Warehouse: Is it Time to Bow Out?


Chart forWarehouse Group Ltd (The) (WHS.NZ)

Let me begin this piece with I no longer wish to be a shareholder in The Warehouse. The exact phrase I used to start the last piece I wrote about this wayward dinosaur.

The Warehouse Group [WHS.NZ] is a sad part of this gentleman's portfolio. It hasn't lost me money , yet, and it hasn't made me any money either .

I SHOULD HAVE GOTTEN OUT A LONG TIME AGO. 

On 19th December 2016 I would have got out with a very small profit.

I now hold it at a small loss.

On 20th February 2017 I still hold 5000 of the little buggers but  seeing how the company is about to wring out one last drop of money from the golden goose in March - 1000 people at head office is about 800 too many for it size - I will hold on for the inevitable shares price rise then ditch the little buggers.

20.12.2016 Warehouse Announcement.

The strategy will be announced on Thursday, 9 March 2017. "At that time, we will also provide an update on progress against Group strategy, including details of actions taken to reduce the Group's cost of doing business."

Lets hope - crossing fingers and everything else - they really make some radical changes and Briscoe's The Warehouse.

I'm not sure that Nick Grayston is the right guy for it OR whether owners/customers will even allow him to do it.

I'm sure this is just the beginning of the end for the company and James Pascoe will be left to mop up whatever he doesn't own.

Good luck.

I wont be there.



Share Investor Portfolio @ 17 Feb 2017


The Warehouse Group @ Share Investor


The Warehouse: What the Fuck is it Doing?
Share Investor Q & A: The Warehouse' Ian Morrice  
Share Investor Q & A: Questions to The Warehouse' Ian Morrice
Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

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Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham
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Monday, February 13, 2017

Share Price Alert: Contact Energy Ltd 10



[CEN.NZX] Contact Energy had a sluggish operational report out last month but has a good one out today.

The one out this morn comes in conjunction with a half year profit that is at last starting to look good.

What ever you think of Contact as a whole company - and there are many and varied views - there is no doubt to me this company is on a turn around since Dennis Barnes came on the scene.

It now has its future 100% in the cloud and that appears to me to be good for the customer and the shareholder going forward.

Many of those account managers and associated hangers on really should go now - you will be booted out as Contact moves more and more to the cloud over the next 12 months.

All that has to happen now is that serious knuckling down from staff at head office and all around New Zealand towards what the customer wants.  

Focus on the customer and the rest will take care of itself.

If your not one of those Contact Energy staff that does that, then this correspondent does not want you.

If your looking at buying get in before $5.

You wont be disappointed. 

Share Investors Portfolio @ 10 Feb 2017


CEN @ Share Investor

Contact Energy: Buy Now!
Share Price Alert: Contact Energy Ltd 8
Share Price Alert: Contact Energy Ltd 7
Share Price Alert: Contact Energy Ltd 6
Share Price Alert: Contact Energy Ltd 5 
Contact Energy look set to gain customers
I'm Buying: Contact Energy Ltd
Share Investor Portfolio 2: Value @ 7 July 2011
Share Price Alert: Contact Energy Ltd 4
Share Price Alert: Contact Energy Ltd 3
Share Price Alert: Contact Energy Ltd 2
Share Price Alert: Contact Energy Ltd
Stock of the Week - Reprise 5: Contact Energy Ltd
Origin Energy asset stripping Contact Energy
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Long Term View: Contact Energy Ltd
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Stock of the Week: Reprise - Contact Energy 
Not so fast Davy Boy
Still Watching Contact Energy
Beam me up Davy
Stock of the Week: Contact Energy
MarketWatch: Contact Energy - June 2009
MarketWatch: Contact Energy - Jan 2009
Contact Energy looks bright during dark times
Share Investor's 2009 Stock Picks
Follow the Monopoly Board

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The Warren Buffett Way
The Warren Buffett Way by Robert G. Hagstrom
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Share Investor 2017