Log exports helped Napier Port pull a bumper year out of the bag, despite 51 less container vessels arriving in Hawke's Bay.
The Forsyth Barr analysts note Infratil's only investment in a listed company now is its 51% stake in Trustpower.
Infratil's manager, HRL Morrison & Co, tried to buy Waste Management in 2014.
Infratil is allowing investors to reinvest their dividends, even though it already has an embarrassment of riches and says it won't be returning capital to shareholders.
Infrastructure Editor
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articles by Oliver