I have been happily invested in IFT since 2006 and my only regret over this time is taking profits. Over the last few years IFT has traded around 10% to 15% below NAV and up to 30% below in the previous decade before that. I do think the company has matured a great deal over the last while (identifying the mega trends and making sound decisions). FYI Forsyth Barr have calculated NAV at 8.80 (May 21).
I have been happily invested in IFT since 2006 and my only regret over this time is taking profits. Over the last few years IFT has traded around 10% to 15% below NAV and up to 30% below in the previous decade before that. I do think the company has matured a great deal over the last while (identifying the mega trends and making sound decisions). FYI Forsyth Barr have calculated NAV at 8.80 (May 21).
Should be time for the half year report, likely increase the dividend & provide some guidance on where the newer plays are performing. Also held IFT for a number of years and only regret taking profits to buy a house I remember in late 2016 and buying at $2.60ish, being the lowest entry. They’ve had a phenomenal performance since then.
The philosopher buying up the world’s infrastructure assets
Australian Financial Review | Mon, 08 Nov 2021
Paul Newfield believes a good investment starts with a good idea.
It is a logical way of thinking for a stockpicker who graduated with a degree in philosophy, and separates short-term noise and volatility from long-term purpose and prosperity.
“We talk about investing in ideas that matter,” Newfield, Morrison & Co’s head of Australia and New Zealand says.
There will be a briefing for institutional investors, analysts and media commencing at 10.00am.
A webcast of the presentation will be available live at: https://edge.media-server.com/mmc/p/anoj6ayw
There will be a briefing for institutional investors, analysts and media commencing at 10.00am.
A webcast of the presentation will be available live at: https://edge.media-server.com/mmc/p/anoj6ayw
Thought it was all very positive. Great.
My dividend went up by ~$13 ! Couple of coffees ? Not complaining.
i have always liked ift , consider it a core stock to a portfolio and the last lot i brought was at 7.60 ,
been trading sideways most yr but looking good for upside break now.
todays announcement confirms why its core holding... great result
with an after-tax return to shareholders over the last five years of 26.0% and 19.0% over the full 27.5 years since Infratil listed
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Originally Posted by seadog
I remember in late 2016 and buying at $2.60ish, being the lowest entry. They’ve had a phenomenal performance since then.
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