yes I particularly liked the comments about rejuvenating there portfolio
Printable View
last day to get div today, ex tomorrow
Sale of Australian energy assets reported on Radio NZ.
http://www.radionz.co.nz/news/busine...n-energy-firms
Outcome "higher than company expected".
:)
Looks very positive to me. Was hoping for a re-rating anytime soon so this should get a good boost.
discl. hold IFT
Nice outcome lets hope they use the funds well
Can someone please explain to me how Morrison and Co can possibly justify getting a whopping $44m out of this sale ?
Seems to me when they stuff it up like they did with the European airports or Wellington buses they get away with that Scott-free and when there's a windfall gain all that is forgotten and they're in there like a hippo sized greedy pig first at the trough for a massive feed. Selling off the silverware so the rest of the tarnished collection doesn't look so bad ?
Disc - don't own IFT.
Nice re-rating :)
Even more money in bank for Morrison & Co
As Infratil is a "creation" of Morrison and Co we should expect that the management contract is written accordingly! We don't have to invest in IFT - I do - but whatever we might think about that, the market likes the news and has re-rated IFT's SP by 6% today.
Wow up another 11 c in early trading !