IFT have had years to crunch the numbers. If the planning approval decision does not give them exactly what they require then I'm sure that they will walk away from the deal.
The cash can then be used to buy back the discounted heads.
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Taken a bit of a beating last two days , and now they are putting out lots of announcements about investor roadshows.
Are they about to ask for some money?
Ratty, they do a roadshow this time each year....well...this is the second one anyway.....
Take a look at their website for details.
[QUOTE=ratkin;244894]Taken a bit of a beating last two days , and now they are putting out lots of announcements about investor roadshows.
Are they about to ask for some money?[/QUOT
If they can get people to pay up on the B warrants which expire around July, that should bring in a decent sum. They need to get the share price comfortably above $1.62.
http://www.nzx.com/markets/NZSX/IFT/...ements/4867724
Great to see Infratil buying back shares at these low prices.
on how much Infratil will pay to repurchase some of their perpetual bonds. I'd love to get rid of some. Smart move by them to buy them back if they only have to pay somewhere near the recent buy prices. Not that they will get mine at that price.
Can anyone post the todays update that Ift has released?
Rif,,,,, thank yoiu 4 that, we can see now that Ift is on the move at last after a long slide, lets hope that it continues!
IFT up up and away today, the IFTWB"S up 100% in a week, more to come B4 the exercise date in July 09, good hunting.