IFT - Infratil

[sb9]

Hearing its been very heavily scaled back.

Got a few on market y'day...seeing that they are on the lookout for further opportunities to invest.

[bull....]

Vodafone NZ estimates more than 100 job losses


A spokeswoman said 5-7 per cent of its roughly 2000-strong workforce could be cut thank to "significant financial impact" caused by the pandemic

https://www.nzherald.co.nz/business/...ectid=12339131

wonder how good next yr profit taking hits every where

[Traderx]

The fees taken by M&co are sickening. Have they ever heard of fiduciary duty? What is wrong with running an investment mandate to the benefit of the owners? Madness to be doing a cap raise while accruing/paying hundreds of millions in fees. Unbelievable that shareholders are so passive at being fleeced

(yes I know it was all by the book etc, its the ethics of it that get me)

[SailorRob]

Anyone know if there is any truth to the rumours they might be looking to buy the refinery? Perhaps if it's spun off from the pipeline infrastructure?

[Joshuatree]

The fees taken by M&co are sickening. Have they ever heard of fiduciary duty? What is wrong with running an investment mandate to the benefit of the owners? Madness to be doing a cap raise while accruing/paying hundreds of millions in fees. Unbelievable that shareholders are so passive at being fleeced

(yes I know it was all by the book etc, its the ethics of it that get me)

Their performance looks pretty good, check out the 10 year chart. I make it re 18.6% return per year including dilution.Dont know how many cap raises.

[Ogg]

Anyone know if there is any truth to the rumours they might be looking to buy the refinery? Perhaps if it's spun off from the pipeline infrastructure?

I know the source to that rumor. Seemed very unreliable. Doesn't mean it's not true though.

[ratkin]

Perfect timing from IFT another week and they may have struggled with 4.75

[dreamcatcher]

S&P/ NZ10 index IFT addition SKC removed

[see weed]

SP dropped below 4.75 today. Wonder if it will drop below 4.76 after spp?

[Southern Lad]

The issue price for shares issued under the SPP is the lesser of $4.76 and a 2.5% discount of the VWAP over the period from today until next Thursday. If the VWAP was equal to today’s closing price of $4.77, the issue price would be $4.65. So for anyone participating, the lower the share price through to next Thursday the better (assuming of course it’s only a temporary aberration of course).