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Thread: IFT - Infratil

  1. #2601
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    Its FTSE Indexing..PEB and another that I cant recall involved as well as IFT

  2. #2602
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    Thanks for that. Seems a bit counter intuitive to me.

  3. #2603
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    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."

  4. #2604
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    Posted to the Wrong thread!
    Last edited by Bjauck; 27-03-2021 at 02:42 PM.

  5. #2605
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    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

  6. #2606
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    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.

  7. #2607
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    Quote Originally Posted by Southern Lad View Post
    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.

  8. #2608
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    60 million, current market cap of IFT nearly 6 billion so 1%= 6-7 cents per share

  9. #2609
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    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.

  10. #2610
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    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

  11. #2611
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    Quote Originally Posted by huxley View Post
    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.

  12. #2612
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    Quote Originally Posted by Zeitgeist View Post
    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.

  13. #2613
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    Quote Originally Posted by dibble View Post
    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

  14. #2614
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    Quote Originally Posted by Zeitgeist View Post
    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!

  15. #2615
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    IFT started putting their money to work .

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

  16. #2616
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    Quote Originally Posted by alokdhir View Post
    IFT started putting their money to work .

    .https://www.nzx.com/announcements/371352
    There will be a lot of happy radiologists out there today

  17. #2617
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    Commerce Commission wins 'FibreX' case against Vodafone

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

  18. #2618
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    Quote Originally Posted by tomm View Post
    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
    Last edited by fungus pudding; 29-04-2021 at 10:21 AM.

  19. #2619
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    Quote Originally Posted by alokdhir View Post
    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.
    Last edited by Bjauck; 29-04-2021 at 11:16 AM. Reason: Added link

  20. #2620
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    So a radiologist is worth almost $10m each?

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