Port of Tauranga Ltd T.POT

Primary Symbol: PTAUF

Industrials

Port of Tauranga Limited is a New Zealand-based company that carries out business through the provision of wharf facilities, land, and buildings, for the storage and transit of import and export cargo, berthage, cranes, tugs, and pilot services for customers. It operates in three segments: Port operations, Property services, and Terminal services. The Port operations segment consists of providing and managing port services, and cargo handling facilities through the Port of Tauranga, MetroPort and Timaru Container Terminal. The Property services segment consist of consists of managing and maintaining the Port’s property assets. The Terminal services segment consists of the contracted terminal operations, general container marshalling and ancillary services of Quality Marshalling (Mount Maunganui) Limited (Quality Marshalling). It provides customers with supply chains through investment in regional feeder ports and inland freight hubs.

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Port of Tauranga Ltd

Bullboard Posts

Post by materialsgirlon Sep 11, 2014 2:22pm

640 Views

Post# 22927838

analysts may be missing the point

Generally analysts are neutral or have a hold rating on POT. The price earnings ratio is in the 16 to 20 range for fertilizer producers (much less for the retailer Agrium) and analysts see this as fully priced. Me too. Until I look at other safe dividend paying categories such as pipelines or railway companies. They are trading at 25 times earnings or sometimes more and maybe 30 in the USA.

In this way of looking at a 4% divi paying POTASH Corp it is a bargain. Certainly not dirt cheap but still a bargain. The POT capex plans (going down) will facilitate a 50% increase in the divi over the next 4 or 5 years

It would be attractive as a takeover target but alas we know that this will not be permitted any time soon

mat

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