HDF - APA Sub Group

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

Moomba to Sydney is the jewel,

Oh so Sydney has an export gas facility?

 

[Tysonboss1]

Re: HDF - Hastings Diversified Utilities Fund

Oh so Sydney has an export gas facility?

No, but the population of Sydney and the interconnected Victorian network absorb many times more gas than any export facility, add the amount of gas fired power generation under development in Nsw and Vic,

Moomba sydney is moving more gas everyday that any other pipeline,

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

No, but the population of Sydney and the interconnected Victorian network absorb many times more gas than any export facility, add the amount of gas fired power generation under development in Nsw and Vic,

Moomba sydney is moving more gas everyday that any other pipeline,

Victoria is also interconnected via the HDF pipeline to Adelaide.

List of Central QLD Export LNG Projects

• Aust Pacific LNG Project, Curtis Island at Gladstone, Origin and ConocoPhillip
• Gladstone Liquefied Natural Gas Project, Gladstone, Santos and PETRONAS
• Gladstone LNG Project - Fisherman's Landing, Arrow Energy and Gladstone LNG
• Queensland Curtis LNG, Gladstone, QGC & BG Group

http://www.energyskillsqld.com.au/i...ied-natural-gas-industry/csglng-in-queensland

Export facility's = growth and exposure to global markets...the HDF pipeline is the only way to get Cooper basin conventional and shale gas to those export markets.

 

[Garpal Gumnut]

Re: HDF - Hastings Diversified Utilities Fund

APA are having some problems with the board of HDF accepting their takeover offer.

There was an article in the Australian today, I don't have the link to hand.

If APA can take this out, they will be well set for the future.

gg

 

[Tysonboss1]

Re: HDF - Hastings Diversified Utilities Fund

Those projects have 10 and 20 year contracts with the qld csm boys, but any way I am not saying it not a wonderful asset, just say it is no where near the capacity of moomba Sydney, and it will take 10 years worth of expansion and looping projects to match moomba.

Either way both great assets, no doubt about that, and the combined entity would be better.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

Have had this in my portfolio for a fair while just collecting dividends, been a solid stock through some tough times, but when $1.90 arrived I couldnt help but sell it!

HDF trading above $2.15 again today, still with no Acceptance or change in substantial holder announcement from APA...anyone want to speculate on who's buying and why? is it as simple as the market thinks the APA offer is unrealistic and they will have to bid substantially more to get control? above $2.15? :dunno:
~

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HDF touching a new 3 and a half year high of $2.40 yesterday and today on the back of a rival take over offer....A consortium called Pipeline Partners Australia has made an all cash offer of $2.35 per share.

http://www.asx.com.au/asxpdf/20120515/pdf/42689v3lb4fycr.pdf

Tax wise not a great time for me to realise such a large Cap Gain, but i sure would like to free up a chunk of cash to throw into the market...i mite just think about it for a week or so.

 

[skc]

Re: HDF - Hastings Diversified Utilities Fund

HDF touching a new 3 and a half year high of $2.40 yesterday and today on the back of a rival take over offer....A consortium called Pipeline Partners Australia has made an all cash offer of $2.35 per share.

http://www.asx.com.au/asxpdf/20120515/pdf/42689v3lb4fycr.pdf

Tax wise not a great time for me to realise such a large Cap Gain, but i sure would like to free up a chunk of cash to throw into the market...i mite just think about it for a week or so.

These bidders are pretty serious so you can easily delay your capital gain tax event to next financial year without too much risk imho.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

(4th-August-2009) Brought into HDF today at 84 cents...i figure its good value considering the recent capital raising was done at 90 cents, and going forward HDF is in alot better shape than before the capital raising, assuming the distribution holds at 3 cents per quarter, its a pretty amazing return of over 14% PA....my first fund to

I totally sold out of my HDF position today ($2.40) my remaining 3 parcels consisting of mostly my original parcel (quote) and the cheapest 2 dividend reinvestments (see chart) close to 3 years in the trade for a profit of 176% ~ with distributions it would be a little over 200%
~

~

Mixed feelings as this has been an amazing stock for me, the only stock where i let the profits run, mostly cos the distribution yield was just so damn good...mixed feeling also because i will now certainly have to deal with another large tax bill this year as my FY income has just gone up 9% due to this exit.

I just feel this market bottom wont last as long as last years...so need to move on and there's so many great cheap stocks at the moment.

Good luck to the HDF holders going forward.

 

[Gringotts Bank]

Re: HDF - Hastings Diversified Utilities Fund

Any fundamentalists still following this?

Thanks.

 

[skc]

Re: HDF - Hastings Diversified Utilities Fund

Any fundamentalists still following this?

Thanks.

What do you want to know? It's recommended a deal with APA so that's probably the end of the story for them.

 

[Gringotts Bank]

Re: HDF - Hastings Diversified Utilities Fund

What do you want to know? It's recommended a deal with APA so that's probably the end of the story for them.

Thanks.

Do you think there's any upside potential in the price?

 

[McLovin]

Re: HDF - Hastings Diversified Utilities Fund

Thanks.

Do you think there's any upside potential in the price?

It's highly unlikely that a new bidder will emerge now. And the board has recommended the offer to shareholders.

 

[skc]

Re: HDF - Hastings Diversified Utilities Fund

Thanks.

Do you think there's any upside potential in the price?

Not from new bidder, but it's a cash and script deal so if APA rises, HDF will move in line. APA reporting soon.