Huge, but very diversified and difficult market - and lets face it, Infratil has quite limited (and mixed) experiences to operate in countries other than NZ or Australia. European Airports spring to mind.
Probably a good indication for investors that board starts to feel overconfident. Time to take profits and move in an orderly fashion towards the hills?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Huge, but very diversified and difficult market - and lets face it, Infratil has quite limited (and mixed) experiences to operate in countries other than NZ or Australia. European Airports spring to mind.
Probably a good indication for investors that board starts to feel overconfident. Time to take profits and move in an orderly fashion towards the hills?
Possibly, but given how small the initial cap investment is I'm happy to give them the benefit of the doubt.
Huge, but very diversified and difficult market - and lets face it, Infratil has quite limited (and mixed) experiences to operate in countries other than NZ or Australia. European Airports spring to mind.
Probably a good indication for investors that board starts to feel overconfident. Time to take profits and move in an orderly fashion towards the hills?
I don't agree. IFT - actually, Morrisons, have a good track record investing in renewables and I'm confident that they'll grow this relatively modest in vestment into something substantial. Another Tilt would be good!
Huge, but very diversified and difficult market - and lets face it, Infratil has quite limited (and mixed) experiences to operate in countries other than NZ or Australia. European Airports spring to mind.
Probably a good indication for investors that board starts to feel overconfident. Time to take profits and move in an orderly fashion towards the hills?
Rather than comparing to the euro airports, you could look at how longroad has performed. Will come down to the management team they've pulled together to run this business. Happy to hold IFT
Infratil have a track record of investing in sectors which are likely to benefit from government subsidies of one sort or another. It’s not all they do, but there’s a bit of a theme there.
NZ Bus was a candidate to hoover up local government public transport funding
The collection of second-string European airports looked likely to be the recipients of central and local government funding
Pacific Radiology and Q-Scan might well expect government funding from various health-related government agencies
Retire Australia looks like a good bet given the money flowing in from (government) pensions
Green Energy looks like being the recipient of various forms of government money as the world de-carbonises
Not every Infratil investment falls into that model, but there’s a definite theme. I think they call it “Social Infrastructure”
It’s nice to have a local version of Brookfield. . . happy IFT holder
In my mind there is a lot to like in the Gurin play. In no particular order:
- A sector with good macro's
- IFT have experience in the sector albeit in other geographies
- Partnered with local operator who is experienced and has skin in the game
- Moderate sized investment on the overall IFT context
- Seem to not be targeting the large projects where risks are perhaps magnified and competition tougher although returns might be greater too
- Have steered clear of the great China dream that many NZ businesses are falling in love with at the moment
Last edited by Rossimarnz; 10-09-2021 at 03:33 PM.
In my mind there is a lot to like in the Gurin play. In no particular order:
- A sector with good macro's
- IFT have experience in the sector albeit in other geographies
- Partnered with local operator who is experienced and has skin in the game
- Moderate sized investment on the overall IFT context
- Seem to not be targeting the large projects where risks are perhaps magnified and competition tougher although returns might be greater too
- Have steered clear of the great China dream that many NZ businesses are falling in love with at the moment
need a lot of capital for all these tilt style plays
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Originally Posted by maclir
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