IFT - Infratil

[kiora]

"For now, AusUnity, Lendlease and the other bidders are waiting on RetireAustralia’s board, owners and bankers to shortlist parties for the auction’s second and final stage."

[BlackPeter]

file:///C:/Users/biliv/Downloads/Retire%20Aust.pdf

We can't really access a file which seems to sit on your C:drive.

Any chance you could provide a link to the internet ?

[Curly]

Can't read the article (hey, one can't subscribe to every publication, can one?), but wondering whether now is a good time to sell retirement stocks ...

I would have thought the reverse at current prices, good time to buy.

[RTM]

Happy with this.

https://www.nzx.com/announcements/402348

[Bjauck]

Happy with this.

https://www.nzx.com/announcements/402348

58% of IFT's portfolio is now in digital technologies; 21% in renewables. It really has pivoted away from "old economy" infrastructure industries.

[BlackPeter]

Happy with this.

https://www.nzx.com/announcements/402348

I notice that lots of their "fair value" (actually 36%) is in Data centres. Fair enough - they are fashionable, but maybe this is as well a high risk strategy? What happens to them if some of the global undesirables decide to take a data centre out?

I notice as well that a material part of their income (though just 10% this HY) comes again from "independent re-valuations". Not supposing anything untoward, but I guess the proof of a re-valuation is in the pudding (not in the book).

Solid investment fund and congratulations to long time holders. Still - I see them as pretty much fully valued.

[RTM]

I notice that lots of their "fair value" (actually 36%) is in Data centres. Fair enough - they are fashionable, but maybe this is as well a high risk strategy? What happens to them if some of the global undesirables decide to take a data centre out?

I notice as well that a material part of their income (though just 10% this HY) comes again from "independent re-valuations". Not supposing anything untoward, but I guess the proof of a re-valuation is in the pudding (not in the book).

Solid investment fund and congratulations to long time holders. Still - I see them as pretty much fully valued.

With a dividend yield slightly more than 2% I wouldn't be rushing to buy them at the moment either.
Bought mine mid 2020, more than happy to sit on what I have wishing I'd been braver then.
2.6% of portfolio.

[Curly]

All good but when will we see $9.54 again?

[BlackPeter]

All good but when will we see $9.54 again?

What makes you think we do? Is this based on the amazing dividend yield (north of 2%), the outstanding underlying earnings (long term less than 1% - I guess they make their money with revaluation gains and opportunistic sells) or the return of the hype factor?

I guess nobody can predict where hype is driving a stock but really - anybody going for a rapid capital gain would not go for a stock which is at best fairly valued and its growth phase already in the past, would they?

[LaserEyeKiwi]

This part is amazing:

Following completion of the tower sale, Infratil will have received almost $1 billion in cash distributions in the just over three years since acquiring Vodafone for $1.03 billion, while still retaining a 49.9% shareholding in the Vodafone business.