IFT - Infratil

[Sideshow Bob]

These clowns were doing buybacks galore during the March fall to support and pump the SP, and decide to do a raise 2 months later

Could give FBU a lesson in buybacks.....

[freddagg]

These clowns were doing buybacks galore during the March fall to support and pump the SP, and decide to do a raise 2 months later

" Clowns " If that was a joke you should stick to your day job. If it wasn't a joke you should still stick to your day job.

[iceman]

So they've recently paid $ 125m in performance fees, $ 72.5m in dividends and $ 36.5m in management fees, $234 in total and now have a capital raise for $300 m. But according to the Herald:
A spokesman for Infratil said the first instalment of the performance fee was only one third ($42m) with the balance being paid over the next two years, subject to meeting ongoing valuations.

"We were also comfortable paying the dividend as it was supported by underlying cashflows - and impending Tilt capital return of $179m - and therefore had no bearing on the equity raise,"

Must be all perfectly normal then.

[whatsup]

T H lifted, wioll be very interesting where it trades,

[DazRaz]

$5.05 is the current match price. Dropping as market opening approaches.

[imarktu]

$4.960 on opening

[Joshuatree]

Hearing its been very heavily scaled back.

[see weed]

Just having a little smile to myself. Sold 10,000 on Monday for 5.19, will receive the div next. And get to buy them back at 4.76.

[Joshuatree]

Why did you sell, what was the plan?

[see weed]

Why did you sell, what was the plan?

Dividend strip. Next taxi off the ramp is TPW next week on the 18/6/20. IFT was just a little strip while waiting for TPW.