http://www.sharechat.co.nz/article/2...wind-farm.html
Aud$300m
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"In support of its VREAS bid, Tilt Renewables has obtained equityfunding support from Infratil (TLT’s largest shareholder)comprising a conditional agreement by Infratil to offer tounderwrite 100% of an equity raising of A$300m for Dundonnell"
So does this mean there'll be any rights issue for shareholders?
time to whistle for some wind ?
Lack of wind or wrong type of wind, hopeful for a good tailwind for the Aussie bid, could take off... decision should be soon
the lack of wind in NZ and some anomaly in the Australian system all meant ill in the last quarter
- blowing nobody good.
I had a bit of a look under the notion of SRI but couldnt see much to attract me quite frankly.
Chart looks weak.
result goes to show they need to build scale in solar and batteries as well as wind to smooth the revenues, wont be so lumpy then
Mercury acquires stake in Tilt Renewables Limited
https://www.nzx.com/announcements/317881
removes the overhang in shares and brings a better deep pocketed investor onboard ... very positive announcement
With Mercury joining Infratil this looks promising, one of my stock picks at beginning of year...yay
And 19.9% would be the maximum that Mercury will get as per NBR today saying IFT is unlikely to approve Mercury moving beyond 20% on TLT https://www.nbr.co.nz/article/%E2%80...ys-th-p-215581 Made sense for IFT holders.