Not happy with this one bit!!
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Not happy with this one bit!!
Would be greatful of peoples thoughts on the following. I had been planning on buying a few TLT shares before the take over offer was announced. I am now weighing up buying a few IFT or MCY. I was waiting for todays result before deciding which. Needless to say todays result hasnt helped me. My other thought was buying some MEL. I am looking for a good defensive stock with some good growth as well as a long term hold. I am thinking IFT might be the best option. :confused: Appreciate anyones ideas on this Cheers
Hmmm after reading that MCY say it is too early to tell how investing in TLT renewables will play out for them, MEL might be a better option to invest in atm.
IFT is the future and they seem to me to have got the best endofthe TLT deal
I have considered Infratil several times and not bought. I seem to remember reading about them on Craigs and part of the flavour being...Why would you buy Infratil when you can just invest in the companies that they are invested in. e.g. Met, TPW. Why pay for the additional layer of cost that Infratil brings ? Of course you can not invest in everything Infratil buys. e,g Canberra Data Center and Wellington Airport. So...still not in.
I got some TLT when Infratil prised them out of Trustpower. I have since bought some more. I thought (and still think) that they are a good buy, even though I suspect there will be capital raisings in the short term.
I will take the money and split it between IFT & MCY in the same proportion that their holdings in TLT.
This will give me more MCY and a new position in IFT.
But no TLT, which is a b*gger.
looks like all the disappointed special div people selling out