HDF - APA Sub Group

[$20shoes]

Re: HDF - Hastings Diversified Utilities Fund

There's no denying she's a pedigree stock. Pays well too!!
However, if you are trying to place your trade in front of some momentum, the wind was taken out of her sails today on heavy volume. Seems capped around the $1.10 mark with a potential medium term double top.
I would be more bullish if she could hold above $1.04 for a few trading days before having another crack.

Long term Buy and Holders would no doubt be looking for an income stream - I wouldn't pay any heed to my short term focus if that's your game.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

Long term Buy and Holders would no doubt be looking for an income stream - I wouldn't pay any heed to my short term focus if that's your game.

I'm getting a 14%+ return for simply backing my judgement....i could care less what the traders do. :cowboy: Just watch HDF break out now.

 

[$20shoes]

Re: HDF - Hastings Diversified Utilities Fund

I'm getting a 14%+ return for simply backing my judgement....i could care less what the traders do. :cowboy: Just watch HDF break out now.

HAHA precisely...talk it up for me it is hard to beat that kinda return. Great one for SMSF and those who buy and hold on fundamentals.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HFD announced today that the South West Queensland Pipeline Stage 3 expansion is now fully funded (subject to finalisation of documentation) via a senior debt facility.

http://data.iguana2.com/hastings/news-item?Number=328267&Code=HDF

Blue sky's?

 

[Tysonboss1]

Re: HDF - Hastings Diversified Utilities Fund

I only learned of this company when APA took a 3% holding, I think if the authorities allowed such a deal APA would love to take over this little gem. HDF's piplines are a perfect fit in APA's existing pipline portfolio, and at current prices they are picking them up at a bargain rate.

I was actually thinking of increasing my holdings in APA, but having researched HDF I may put the funds into HDF (how ever APA does offer the better yield at the moment by about 2%.) But if HDF reinstated the higher div it will smash the yield on apa. I have a bit of thinking to do on this one.

I am also a little cautious of these type of financial company run infrastructure investments in the wake of Babcock and brown etc.etc where as APA are a self managed entity.

Does anyone know what the current yeild on the prefrence share is (ttxpa). I think it is 2% above the 90 day bank bill rate. Whats the easiest why to find out the 90 day bank bill rate.

I have noticed that HDF has cut their dividend from from 22c to 12c, But as far as I can see they still have the free cashflow of 22c but are choosing to use the extra 10c to reduce debt, which is great in my book.

 

[akkopower]

Re: HDF - Hastings Diversified Utilities Fund

Whats the easiest why to find out the 90 day bank bill rate.

http://www.macquarie.com.au/macsecmc/codi/CodiServlet?nav=start&documenttosend=income_security_doc

as the price of the hybrids are updated daily i am pretty sure the bbsw is also

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

Does anyone know what the current yeild on the prefrence share is (ttxpa). I think it is 2% above the 90 day bank bill rate. Whats the easiest why to find out the 90 day bank bill rate.

I have noticed that HDF has cut their dividend from from 22c to 12c, But as far as I can see they still have the free cashflow of 22c but are choosing to use the extra 10c to reduce debt, which is great in my book.

Hey Tyson...don't know about the yield for TTXPA - TAPS but i do know management were going to pay them out a few months ago but changed there mind and decided to just hang on to the money...one reason they hung on to the TAPS payout money was because the stage 3 financing wasn't finalised at that time.

So now that funding is in place they mite decide to buy out TAPS again :dunno: or issue more to cover the new debt...these guys change there mind a fair bit.

22nd-September-2009,
The chart seems to be building nicely...and one would think that 1.20+ would be likely considering the distribution return when compared to interest rates.

HDF traded at 1.20 just a few days ago...We really do need a pat on the back smiley....yet another one i got right.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HDF back above 1.13 today after a little dip over the last few weeks (same as everything else) also released there 2009 Annual Results and a Presentation and Outlook write up.

Highlights include

• Epic Energy operating income up 25.2%
• HDF EBITDA up 16.4%
• SWQP expansion Currently on target - budget for completion January 2012

Interesting to also note from today's announcements is that Orbis Investments has increased
there holdings in HDF to 15.52%

http://data.iguana2.com/hastings/news-item?Number=332466&Code=HDF

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HDF was today's biggest ASX200 mover (7.4%) after a big spike up on a very positive announcement from APA, they disclosed that they had increased there holding in HDF to 14.9% at an average price of $1.30

APA also claim to have no interest in a takeover however made the proviso that "unless any future actions of HDF or others make it necessary for APA to protect the value of its investment in HDF."

http://www.apa.com.au/media/174681/2010 04 08 apa group increases holidng in hastings.pdf

Interesting
~

 

[roland]

Re: HDF - Hastings Diversified Utilities Fund

HDF was today's biggest ASX200 mover (7.4%) after a big spike up on a very positive announcement from APA, they disclosed that they had increased there holding in HDF to 14.9% at an average price of $1.30

APA also claim to have no interest in a takeover however made the proviso that "unless any future actions of HDF or others make it necessary for APA to protect the value of its investment in HDF."

http://www.apa.com.au/media/174681/2010 04 08 apa group increases holidng in hastings.pdf

Interesting
~

Yes, the volume on HDF gave me a little shock today, until I saw that nearly all the volume was APA. I wonder why they settled at $1.40 ? At least it benchmarked the SP value - well, as far as APA was concerned.

I suppose if you wanted $50mil worth of stock on the open market then you take what is available - hence the $1.40 final price.

Sounds silly, but I kind of like the fact that dividends are paid quarterly, and I am tempted to hold as a growth exercise.

10% annual return compounded with an anticipation of higher percentage returns as time goes on makes buy/hold/reinvest quite compelling

Maybe I should get some more

 

[roland]

Re: HDF - Hastings Diversified Utilities Fund

Interesting changes amongst the major holders. Australian Pipeline increased their holdings by 10Mil and Orbis reduced by around the same figure both on the 14th May.

Almost sounds like a cross trade.

Nice resistance level at $1.38, if we can get through this we may grab another $0.10

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HDF hit a $1.50 today for the first time in 20 months :dance: on the back of yesterdays announcement about the 15 year gas transportation agreement with Santos, turns out STO will need to transport gas to its part owned GLNG development on the Qld coast...who would of thought that one of Australia's biggest gas producers would need to transport gas from the biggest onshore gas field in Australia to the nearest coastal port....

http://data.iguana2.com/hastings/news-item?Number=344249&Code=HDF

So HDF are gona do a little work to the pipeline to facilitate gas being able to be shipped in both directions....i love pipelines because i love monopoly's especially monopoly's that cant realisticl'y be duplicated...and im done averaging up, no more distribution reinvestment.
~

 

[roland]

Re: HDF - Hastings Diversified Utilities Fund

HDF hit a $1.50 today for the first time in 20 months :dance: on the back of yesterdays announcement about the 15 year gas transportation agreement with Santos, turns out STO will need to transport gas to its part owned GLNG development on the Qld coast...who would of thought that one of Australia's biggest gas producers would need to transport gas from the biggest onshore gas field in Australia to the nearest coastal port....

http://data.iguana2.com/hastings/news-item?Number=344249&Code=HDF

So HDF are gona do a little work to the pipeline to facilitate gas being able to be shipped in both directions....i love pipelines because i love monopoly's especially monopoly's that cant realisticl'y be duplicated...and im done averaging up, no more distribution reinvestment.
~

Your entry was a little better than mine, so I'll give it at least another year of distribution reinvestment.

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

More good news for HDF today with the Beach Energy, Itochu announcement of there intentions to (explore the possibility's) of building a billion-dollar liquefied natural gas export facility in South Australia.

http://www.adelaidenow.com.au/busin...-south-australia/story-e6frede3-1225960790440

HDF's Epic Energy owns and operates the only Gas pipeline from the Cooper Basin to Adelaide imp: also remember reading how that particular pipeline actually has quite a bit of spare capacity....so all going according to plan, HDF will transport Gas for export from the Cooper basin for Santos and Beach in two directions to 2 different export facility's. :

http://bpt.irmau.com/IRM/Company/Sh...OCHU investigate LNG facility locations in SA

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

And the share price drivers just keep on coming...APA announced today that they have increased there share holding in HDF to almost 20% buying around 3% of the issued stock in HDF over the last 6 or so months...there even participating in the distribution reinvestment plan!

http://www.asx.com.au/asxpdf/20101130/pdf/31v974k779y28s.pdf

 

[roland]

Re: HDF - Hastings Diversified Utilities Fund

Does this part of HDF's announcement mean $0.09 per quarter in distributions, or $0.09 for the whole year?

HDF maintains its policy of making distributions from operating cash flows. Underlying free operating cash flow per
security following the sale of the SEW investment will support a distribution of 9 cents per security in 2011, however
actual distributions per security in 2011 will be influenced by the return made on the cash receipts and the final
decision as to the utilisation of the proceeds from this transaction

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

HDF was today's biggest ASX200 mover up over 6% on the back of the sale of its investment in SEW - South East Water for A$206 million...the realisation of proceeds equivalent to 40 cents per security.

http://data.iguana2.com/hastings/news-item?Number=347634&Code=HDF

Does this part of HDF's announcement mean $0.09 per quarter in distributions, or $0.09 for the whole year?

From memory the investment in SEW accounted for about 3 cents per year of the distribution payment...thus HDF can only afford to pay 9 CPS not 12 CPS, on the capital growth side of the equation, post the SEW sale they will be sitting on around 300 million in cash.

You cant deny that the market liked today's news.

 

[roland]

Re: HDF - Hastings Diversified Utilities Fund

HDF was today's biggest ASX200 mover up over 6% on the back of the sale of its investment in SEW - South East Water for A$206 million...the realisation of proceeds equivalent to 40 cents per security.

http://data.iguana2.com/hastings/news-item?Number=347634&Code=HDF



From memory the investment in SEW accounted for about 3 cents per year of the distribution payment...thus HDF can only afford to pay 9 CPS not 12 CPS, on the capital growth side of the equation, post the SEW sale they will be sitting on around 300 million in cash.

You cant deny that the market liked today's news.

Must be time then, to stop averaging up with the dividend roll overs. HDF have had a stella run. It's a bit sad to see the div yield go backwards

 

[So_Cynical]

Re: HDF - Hastings Diversified Utilities Fund

Must be time then, to stop averaging up with the dividend roll overs. HDF have had a stella run. It's a bit sad to see the div yield go backwards

True i will miss the extra 3 CPS but this deal means that HDF is sitting on a pile of cash and that cash gives them options.

• A buy back
• A Special dividend
• A return of Capital (maybe tax free)

HDF maintains its policy of making distributions from operating cash flows. Underlying free operating cash flow per security following the sale of the SEW investment will support a distribution of 9 cents per security in 2011, however actual distributions per security in 2011 will be influenced by the return made on the cash receipts and the final decision as to the utilisation of the proceeds from this transaction

What ever happens...in the short term there gona be earning 5 or 6% on that money, fingers crossed they time the change over to AUD well.

 

[danbradster]

Re: HDF - Hastings Diversified Utilities Fund

A capital return of $0.40 CPS would be awesome.

I vaguely remember it being like this - "the sale won't decrease EBIT and it will release $0.40 CPS capital, probably to be used for improving the more profitable assets". I could be wrong though, it's a vague memory.

I am liking HDF.

True i will miss the extra 3 CPS but this deal means that HDF is sitting on a pile of cash and that cash gives them options.

• A buy back
• A Special dividend
• A return of Capital (maybe tax free)

What ever happens...in the short term there gona be earning 5 or 6% on that money, fingers crossed they time the change over to AUD well.