One of my favourite lines is
'Wellington City Council will vote in June 2024 on whether to proceed with potential divestment of its shareholding'... And the cheeky line 'we will continue to watch with interest'.
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One of my favourite lines is
'Wellington City Council will vote in June 2024 on whether to proceed with potential divestment of its shareholding'... And the cheeky line 'we will continue to watch with interest'.
IFT exceeded expectations. So what hope has Mft got in reality. Any negative news will see the sp react accordingly. FPH are like IFT, they will deliver on the upside.
"Starlink gets cellular video calls off the ground, albeit at low quality"
[/FONT][/COLOR][/SIZE]https://www.interest.co.nz/technology/127880/starlink-gets-cellular-video-calls-ground-albeit-low-quality
https://x.com/SpaceX/status/17929818...it-low-quality
Tory Whanau has established a Wellington Council Business Group. Includes the likes of Brooke Roberts (Sharesies) and Mark McGuinness(Willis Bond).
So Tory looks like she will be heading into the Airport Sale meeting next month armed with answers to where the funds could be invested etc.
Positive steps.
Question for everyone here: What do we want IFT to do with Wellington Airport if they gain 100% control?
It is currently the odd one out in the portfolio, and carries significant seismic risk in the long term. Personally I would be ok with a full sale, especially in a year or two once interest rates retreat and overseas pension funds start getting hungry for higher yielding infrastructure investments again.
I would like to think that with their history of airport ownership, they should be pretty clear in their own minds what they want to do with Wellington airport, either way.
The Airport Investment is right up there with IFTs investment in the Port of Tauranga back in the day.
I would think a model more suited to the Wellington Council would be to float the Airport on the NZX. The Council could then keep some form of holding. This is where the Tory Business advice come into play.
IFT could then exit the investment and reinvest the funds in the growth sectors of its portfolio.
Most questions answered here.Onwards & upwards
https://wellington.scoop.co.nz/?p=160770