PIH - Prime Infrastructure Group

[eljay]

Hi Guys,

Prime Infrastructure Group (PIF) went from 1.32 to 1.15 yesterday.

Anybody know why?

Joe, thanks for a great site.

Eljay

 

[stefan]

Re: What's happened to PIF?

You probably figured it out by now, but anyway:

Prime Infrastructure Group (PIF AU), operator of Australia's second-biggest coal-export terminal, sank 17 cents, or 13 percent, to A$1.15. The Queensland Competition Authority proposed a reduction in the price Prime can charge for handling coal at the Dalrymple Bay terminal in Queensland to A$1.53 per metric ton from A$2.08 a ton, the Brisbane-based company said in a statement to the Australian Stock Exchange. Prime initially sought a 33 percent increase in the charge to A$2.77 a ton.

Happy trading

Stefan

 

[Joe Blow]

Re: What's happened to PIF?

Joe, thanks for a great site.

Thank you for your kind words Eljay!

It pleases me no end to know that people are finding Aussie Stock Forums useful and are enjoying their time here.

 

[eljay]

Re: What's happened to PIF?

Stefan,

Thanks for reply. You're right, I did figure it out (with a little help from google). I hold 33,000 shares and went from profit to loss in one day.
A bit of a shock, but I'll hang in there.

Eljay

 

[Julia]

PIF

Does anyone have any comments, no, not advice, regarding the currently available non-renounceable issue of 5.5 for 1 at $1.35 per share?

Julia

 

[Julia]

Re: PIF

What is PIF all about? What is Julia asking about?

Newcomer

 

[Fleeta]

Re: PIF

Hmmm, I really don't understand women...

 

[RodC]

Re: PIF

Looks like a good opportunity to pick up a few more shares.

PIF is currently trading at around $1.65.

Rod