Likely to be a lot lower return IF Morrison & Co weren't managing it???
This way all stakeholders win in my view.
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I agree, kiora. IFT is a Morrison and Co vehicle; it wouldn't be there if M and Co hadn't created it; despite "generous" management fees IFT has been an excellent investment since inception and investors go into it with their eyes wide open, or should. No complaints from me!
Latest Telcowatch report, for the second quarter of 2020, Spark continue to lose ground in the NZ mobile market share (-2%) but Vodafone have slowed to .3% growth. Skinny made an 8% increase off a small base (all comparisons made are to the first quarter.) Vodafone still holding poll position with 36.4% market share, over Spark with 36.2%. The trend down for Spark continues (since early 2019) but these are not stellar numbers for Vodafone either - given the money they've thrown at the mobile market. Their reduced marketshare growth throughout the second quarter of 2020 must be of some concern for IFT.
vodaphone , trustpower , wellington airport earnings all under pressure , i expect it will re rate significantly down when the market bubble pops
My 10yo son selected IFT as a place for half of his birthday money yesterday (other half was a huge nerf gun) I do like Sharesies as its got my kids interested in things financial