IFT - Infratil

[ratkin]

Hopefully will be a good opportunity for IFT to retire some debt

[whatsup]

Dumb question but how long will they stay halted ?

[whatsup]

Ift ann out but not the one we all want , this one is about splitting the warrant payment.

[macduffy]

Dumb question but how long will they stay halted ?

Not sure of the NZX rule, but in Aust a trading halt can only last for 3 trading days. After that, the share is suspended and all bid/offers are cancelled.
This halt really depends on how long it takes to get the offer for ENE to the market. Shouldn't really take that long unless it's caused by info leaking before the parties are ready for an announcement.

[macduffy]

Not sure of the NZX rule, but in Aust a trading halt can only last for 3 trading days. After that, the share is suspended and all bid/offers are cancelled.
This halt really depends on how long it takes to get the offer for ENE to the market. Shouldn't really take that long unless it's caused by info leaking before the parties are ready for an announcement.

In fact, the ENE announcement implies that this might take some time.
An "incomplete" proposal has been received and requires investigation and consideration by a "committee'.

[whatsup]

Ann out ,trading halt lifted , great deal for IFT and its share price especially prior to the warrants exercise date next month.

[macduffy]

Ann out ,trading halt lifted , great deal for IFT and its share price especially prior to the warrants exercise date next month.

Hmmm. No price agreed for the call option at this stage.

Does anyone know what average price IFT paid for their ENE interest?
I seem to recall that the first chunk was bought at a fairly hefty price, well above recent levels.

[whatsup]

Mac , I thought that in a report somewhere that it was a fairly close call in this particular investment but with this ann they could now be out of the woods.

[Toddy]

Ann out ,trading halt lifted , great deal for IFT and its share price especially prior to the warrants exercise date next month.

The IFTWB extension proposal to be voted on later on in the month will more than likely go through. Hence, the pressure is off the holders having to either sell or find big bucks.

[whatsup]

Great Toddy , now we will have a new class of warrant listed from 11/07/09 a "Partly paid, $ 1.12 , 21/05/2010 Warrant" !!!.