The complexity of the arrangement between IFT and Morrison's is the reason I have never invested in IFT. Seems Morrison's is always going to take the cream.
The Incentive fee of $100 million odd is because of an upgrade to the carrying value of the Datacentres, Longroad and Tilt.
Would I be right in assuming this upgrade increases Infratils net assets by about $1.30 per share.
The Incentive fee of $100 million odd is because of an upgrade to the carrying value of the Datacentres, Longroad and Tilt.
Would I be right in assuming this upgrade increases Infratils net assets by about $1.30 per share.
assets increase , but less cash available to invest in the assets. asset increase is only good if your going to sell the asset or use them to borrow more against at some stage
Question: is the fee announced this morning a one off charge?
My understanding is when the valuation of asset is greater than 12%, they get 20% of any gain above 12%, after three years of asset ownership. I think the gain also inclusive of any asset sold during that period.
Funny you are downraming a solid stock with a forward PE of below 9 (like SUM) and concurrently up ramping another (as solid, but much dearer) stock with a forward PE of 25 (IFT). Unless you just try to ramp IFT up for you to sell - at some stage pure TA reliance might catch you out ;
Fundamentals actually do matter
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Funny you are downraming a solid stock with a forward PE of below 9 (like SUM) and concurrently up ramping another (as solid, but much dearer) stock with a forward PE of 25 (IFT). Unless you just try to ramp IFT up for you to sell - at some stage pure TA reliance might catch you out ;
Fundamentals actually do matter
fundamentals of ift are better than sum and ift has macro tailwinds where as sum has macro headwinds
fundamentals of ift are better than sum and ift has macro tailwinds where as sum has macro headwinds
I recon this is just your opinion (and you are absolutely entitled to it) - or would you mind to provide some evidence for the better fundamentals of IFT? How do you measure that? Can't be PE (SUM is much better in that regard), NTA to SP (both quite comparable in that regard) or SUM's outstanding growth compared to IFT's shrinking (both EPS CAGR as well as revenue CAGR for IFT are negative).
Ah yes, I forgot - you like negative - don't you?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by freddagg
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