I'm backing Infratil to do very well over the next few months. In fact I have accumulated quite a lot (for the size of my portfolio) over the last few weeks.
yes I particularly liked the comments about rejuvenating there portfolio
Can someone please explain to me how Morrison and Co can possibly justify getting a whopping $44m out of this sale ?
Seems to me when they stuff it up like they did with the European airports or Wellington buses they get away with that Scott-free and when there's a windfall gain all that is forgotten and they're in there like a hippo sized greedy pig first at the trough for a massive feed. Selling off the silverware so the rest of the tarnished collection doesn't look so bad ?
As Infratil is a "creation" of Morrison and Co we should expect that the management contract is written accordingly! We don't have to invest in IFT - I do - but whatever we might think about that, the market likes the news and has re-rated IFT's SP by 6% today.
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