IFT - Infratil

[Zeitgeist]

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

There may be a small special dividend but I'd expect Infratil to find plenty of attractive uses for the capital. Don't forget there may be additional proceeds for Trustpower retail upcoming too. So we're talking about around up to $2.5bn of capital to deploy. The public info Infratil publish is normally a big clue on where they're headed. So in addition to the existing portfolio of renewable energy, data, aged care, and airports they are very open on the potential for healthcare, water, and waste and recycling.

[dibble]

There may be a small special dividend but I'd expect Infratil to find plenty of attractive uses for the capital. Don't forget there may be additional proceeds for Trustpower retail upcoming too. So we're talking about around up to $2.5bn of capital to deploy. The public info Infratil publish is normally a big clue on where they're headed. So in addition to the existing portfolio of renewable energy, data, aged care, and airports they are very open on the potential for healthcare, water, and waste and recycling.

I imagine the nice managers wouldnt like to return too much to shareholders, they can clip the ticket again if they reinvest.
Nice little earner they are on.

[Zeitgeist]

I imagine the nice managers wouldnt like to return too much to shareholders, they can clip the ticket again if they reinvest.
Nice little earner they are on.

Quite right. Paying fees sucks but would argue the incentives are in the right place and performance thus far justifies it. Share price has increased from mid-$1 to $7 in less than 10 years

[macduffy]

Quite right. Paying fees sucks but would argue the incentives are in the right place and performance thus far justifies it. Share price has increased from mid-$1 to $7 in less than 10 years

So true - and we wouldn't have had Infratil and that capital gain if it wasn't for Morrisons!

[alokdhir]

IFT started putting their money to work .

.https://www.nzx.com/announcements/371352

[lissica]

IFT started putting their money to work .

.https://www.nzx.com/announcements/371352

There will be a lot of happy radiologists out there today

[tomm]

Commerce Commission wins 'FibreX' case against Vodafone

https://www.stuff.co.nz/business/124973808/commerce-commission-wins-fibrex-case-against-vodafone

[fungus pudding]

Commerce Commission wins 'FibreX' case against Vodafone

https://www.stuff.co.nz/business/124973808/commerce-commission-wins-fibrex-case-against-vodafone

Live link.

https://www.stuff.co.nz/business/124...ainst-vodafone

[Bjauck]

IFT started putting their money to work .

.https://www.nzx.com/announcements/371352

Pleased with the sounds of that move.

I don’t mind paying high fees for a good job. Over the years I have held IFT, its performance has exceeded that of the NZX50 by a good margin.

It is worth posting this item (again) from December 2020.

https://www.newsroom.co.nz/deficient...a-risk-for-nzx

$100 invested on listing in 1994 with all dividends and distributions reinvested would be worth about $5,500 today. I think that far exceeds the return from the NZX50 gross index.

[Jaa]

So a radiologist is worth almost $10m each?