IFT - Infratil

[LaserEyeKiwi]

Vodaphone does not own a blocking stake in their 'Towerco', equivalent to the 30% blocking stake that Spark retains in their equivalent company.

SNOOPY

Infratil owns a 20% stake though.

[RTM]

What's not to like ?

More of NZ Inc disappearing off shore along with the dividends. Would be better if NZ SuperFund or other NZ Company could buy.
Disc: Happy holder.

[LaserEyeKiwi]

More of NZ Inc disappearing off shore along with the dividends. Would be better if NZ SuperFund or other NZ Company could buy.
Disc: Happy holder.

At 34x EBIDTA they can gladly take it! Will likely be a net win for NZ economy considering IFT can reinvest cash at a much better rate of return into other companies both in NZ and internationally.

[Ggcc]

Vodaphone does not own a blocking stake in their 'Towerco', equivalent to the 30% blocking stake that Spark retains in their equivalent company.

SNOOPY

Do you think that the Infratil board would not have a backup plan?

[Snoopy]

Do you think that the Infratil board would not have a backup plan?

I was thinking more in terms of of the Vodaphone NZ board rather than the Infratil board. I imagine there are watertight contracts reserving space on those towers for Vodaphone for 15 years, with another 15 year option for renewal (like the Spark deal). But I just thought Spark retaining 30% of 'their' tower company, while Vodaphone sold out completely, was an interesting contrast. While major Vodaphone NZ shareholder Infratil maintains a blocking stake in 'their' Towerco, then I guess it doesn't matter. But I wonder what happens after Infratil's rumoured eventual sell down of their shareholding in Vodaphone NZ?

SNOOPY

[Ggcc]

I was thinking more in terms of of the Vodaphone NZ board rather than the Infratil board. I imagine there are watertight contracts reserving space on those towers for Vodaphone for 15 years, with another 15 year option for renewal (like the Spark deal). But I just thought Spark retaining 30% of 'their' tower company, while Vodaphone sold out completely, was an interesting contrast. While major Vodaphone NZ shareholder Infratil maintains a blocking stake in 'their' Towerco, then I guess it doesn't matter. But I wonder what happens after Infratil's rumoured eventual sell down of their shareholding in Vodaphone NZ?

SNOOPY

I feel there are always other games at play. I am assuming that Vodafone directors are allowed to act independently, but with a transaction of this nature would have needed the approval of both Infratil and Brookfield. I am certain that this transaction would have happened for a reason. Who knows what the reason is but we are only seeing pieces of the puzzle.

[huxley]

Infratil announces new capital and co-investor for Longroad Energy:

http://nzx-prod-s7fsd7f98s.s3-websit...170/375625.pdf

“The transaction implies a pre-money valuation for Longroad of US$2,000 million. “

“At completion of the transaction, Infratil will have invested a net US$112 million in Longroad since 2016, and achieved an IRR of 59% p.a. based on the US$800 million pre-money valuation of its stake implied by this transaction (post-estimated performance fees and tax and sale costs payable if Infratil realised its stake).”

Wow, Infratil have been able to generate great returns on these energy transition business.

[Ggcc]

Infratil announces new capital and co-investor for Longroad Energy:

http://nzx-prod-s7fsd7f98s.s3-websit...170/375625.pdf

“The transaction implies a pre-money valuation for Longroad of US$2,000 million. “

“At completion of the transaction, Infratil will have invested a net US$112 million in Longroad since 2016, and achieved an IRR of 59% p.a. based on the US$800 million pre-money valuation of its stake implied by this transaction (post-estimated performance fees and tax and sale costs payable if Infratil realised its stake).”

Wow, Infratil have been able to generate great returns on these energy transition business.

Back to $9 the market loves it.

[LaserEyeKiwi]

THERE SHE BLOWS!!!

new ATH right?

[RTM]

THERE SHE BLOWS!!!

new ATH right?

Oh no...my dividend yield wrecked !