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19-03-2021, 05:34 PM
#2601
Its FTSE Indexing..PEB and another that I cant recall involved as well as IFT
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19-03-2021, 05:56 PM
#2602
Member
Thanks for that. Seems a bit counter intuitive to me.
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27-03-2021, 08:00 AM
#2603
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."
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27-03-2021, 02:40 PM
#2604
Posted to the Wrong thread!
Last edited by Bjauck; 27-03-2021 at 02:42 PM.
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27-03-2021, 05:03 PM
#2605
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
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16-04-2021, 09:44 PM
#2606
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.
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16-04-2021, 10:21 PM
#2607
Member
Originally Posted by 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.
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.
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17-04-2021, 01:05 AM
#2608
60 million, current market cap of IFT nearly 6 billion so 1%= 6-7 cents per share
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17-04-2021, 05:13 PM
#2609
Member
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.
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19-04-2021, 03:39 PM
#2610
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
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