IFT - Infratil

[Greekwatchdog]

Its FTSE Indexing..PEB and another that I cant recall involved as well as IFT

[maclir]

Thanks for that. Seems a bit counter intuitive to me.

[artemis]

Paywalled article by in the Herald today, re Jason Boyes stepping up to CEO. Couple of brief excerpts ....

"On the one hand he could - through no fault of his own - become one of the shortest-serving chief executives in NZX history, while on the other, he could find himself in charge of deploying a vast sum of money at a time when valuations of the types of assets Infratil owns and invests in are changing at unprecedented speed."

" ...we thought we were sharp before AusSuper came along, but we're laser focused now, no doubt about it."

[Bjauck]

Posted to the Wrong thread!

[ratkin]

Sold out of these a month or Two back for 7.40 odd, as so no real reason to continue holding. The upside had materialised so locked it in.

Not been paying attention since. Are the Aussies still buying them out? As noticed price starting to drift downwards

[Southern Lad]

ASX announcement tonight advising that PowerAR and Mercury have increased the consideration in the TLT scheme of Arrangement from $7.80 to $8.10 per share. IFT's gross proceeds increase by $74 m to $2,000 m. This also increases the Morrison & Co management fee by $11 m.

[longy]

ASX announcement tonight advising that PowerAR and Mercury have increased the consideration in the TLT scheme of Arrangement from $7.80 to $8.10 per share. IFT's gross proceeds increase by $74 m to $2,000 m. This also increases the Morrison & Co management fee by $11 m.

I am trying to understand this transaction.. So what does this mean for IFT's shareholder? Could someone please explain it to me? Many thanks.

[clearasmud]

60 million, current market cap of IFT nearly 6 billion so 1%= 6-7 cents per share

[maclir]

Current market cap is NZ$5b, at $7/share. Not sure what that factors in for Tilt. Valuation of Tilt asset in last report was I think $780m, current offers value this asset at $2b.

[huxley]

So what are we thinking they’ll do with the incoming TLT funds? Lots of potential to invest into existing businesses but they also have a history of returning some funds via a special dividend when they exit a business.. maybe some kind of balance between the two