Brought for A$82.5 million Aug 2016
Printable View
Another 10 cents up and no sign of the rise quitting. One of my stock picks and I have quite a few of these. I wonder when it stops as even I think this stock is not a buy anymore but rather a hold for the longterm
Infratil advises its Underlying EBITDAF(ii) guidance for the year to 31 March 2019 is now revised from NZ$580 to NZ$620 million to NZ$535 to NZ$545 million
massive downgrade $5 here we come lol
Plus including hefty Morrison & Co fee of $95m-$105m? but I suppose IFT can afford it
https://www.nzx.com/announcements/333058
https://www.nzx.com/announcements/333058
It sounds like this is due to massively underestimated payments to Morrison and Company. I don’t fully understand the interaction between the two, but they were estimating around 30Mil...and in fact it’s around 100Mil. This is on the back of increased valuations of Tilt, Data Center and Longroad. Wow. Big difference. If their value drops....does Infratil get a credit from Longroad ?
https://hrlmorrison.com/portfolio/#NZ
Wonder what they contribute ?