Management doing what it says its going to do.
Its not worried about inflationary environment.
Interesting no commentary around any difficulties of supply installing wind farms
Share buy back soon?
In these tumultuous times, IMHO - IFT stands out as an incredible stock to own. As horrific as the European war is, IFT is likely to be a beneficiary as the western world pivots even faster from petroleum to self sustaining renewable sources (now it's gone beyond climate to geopolitical drivers). It has multiple work streams underway likely to enhance shareholder value beyond the existing NZ analysts sum of the parts calculations. Retire Australia must be either a great AU launch pad for NZ businesses looking to expand or a great synergy play for an existing AU operator - but IFT have a very strong history of existing with valuations way way above the NZ analyst community. The network release from Vodafone is going to be highly accretive in terms of EV value. The addition of a new investor in longroad will help accelerate that business as it take advantage of an incredible shift in momentum and executes on a massive pipeline. The combined renewable businesses could be huge, unique and very marketable as a US listing in a few years... The datacentre business appears to have plenty of medium term headroom (plenty of AU / NZ cities to wrap around) and they're always scoping for new niche defensible areas in this space. The health care just underpins a strong cash model, a defensive position in volatility and clearly has some great synergy plays over time. It's a rare thing to find an asset with low risk gearing, great governance, massive future global growth potential and only held back IMO by the ineptitude of the NZ analyst community who are basically ignoring the opportunity (just like they screwed up Xero in the early days...). They only look at whether you'll hit this years profit or next and they only look at the most cautious valuations and ignore the likely roll out as IFT sell down succesful growth and they discount MCO for the fee's and don't put any premium for the transactional capability which ensures both sides of the buy and sell are executed flawlessly.
Originally Posted by Waiuta
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