Might get ComCom permission ...might have to sell Trustpower ...might have to sell their share of consortium .....lot of mights but they’ll sort it out
One thing RetireAustralia is up for sale.
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What lucky coincident IFT shares are trading so high these days ...
While I think this is an interesting move for IFT with potential to improve the NZ communication industry - I am pretty sure that there will be later on better opportunities to buy more IFT shares, but hey - time will tell.
I can see them holding Vodafone for at least a couple of years and then floating like what they did with Shell(Z). They made great money out of that and who knows, maybe they might float Vodafone in three years for roughly 4-5 billion by then. Great return to shareholders.
I will remain a happy holder for now.
presumably any sale of the retire australia business would be redeployed here too?
Interesting times for IFT holders.
A big transition in the works from 'traditional infrastructure' (power, transport, airports etc) to 'digital infrastructure' (data storage, data distribution, phone data) etc.
Over the past 5 yrs, IFT's SP has pretty much tracked the NZX 50 index. Will this change going forward?
For the time being, news of more capital raising seems to be taking the froth off recent SP rises.
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Can't help wondering how many more tens of millions of fees Morrison and Co will earn out of this whole thing, (after their recent $100m, fee shocker)...sorry folks, I am sure this transaction has nothing whatsoever to do with earnings massive fees, just being a cynical dog, as you were folks...who's want to own vodafail anyway...opss there I go again...bad dog back in your kennel...