IFT - Infratil

[Toddy]

Gidday B

Broke even, Heard the infratil guy on the radio.

True

But as the losses were put through during previous accounting periods, they will have to book a profit in the p&l this half and take a smoking load of cash to the balance sheet.

The guy on business tv at lunchtime said that IFT are on the hunt for new deals in the market.

[Rif-Raf]

So it was tails. Considering the GFC not the worst outcome ever.
and TPW just keeps quietly delivereing

[whatsup]

True

But as the losses were put through during previous accounting periods, they will have to book a profit in the p&l this half and take a smoking load of cash to the balance sheet.

The guy on business tv at lunchtime said that IFT are on the hunt for new deals in the market.

Dont forget the currency rate on the purchase. IMHO when that is taken to account then there surely is a big loss?

[Toddy]

Dont forget the currency rate on the purchase. IMHO when that is taken to account then there surely is a big loss?

My statement still stands. Any currency movement valuations were booked into the respective accounting periods at the time and the SP moved in response.

So, IFT booked up loses year after year. Then when the option was exrecised any 'refund' has to be booked into this accounting period as a profit.

Its all good, cash back for an investment that did not work. More risk removed from the IFT portfolio.

Its a long way back to the glory days but this is a good start.

[Toddy]

Now IFT and Morrison are looking at Shell's assets............

[rotweiller]

Exclusive negotiations for all of Shell NZ assets also includes NZ Superannuation Fund so could well be a goer.
Cheers

[whatsup]

Exclusive negotiations for all of Shell NZ assets also includes NZ Superannuation Fund so could well be a goer.
Cheers

IFT down on early trading !!!

[Toddy]

IFT down on early trading !!!

I don't think that the market likes companys spending cash. Not sure why, thats the game.

[CJ]

I don't think that the market likes company's spending cash. Not sure why, thats the game.

Agree. It is not whether money is spent but whether the price paid is good.

Not sure on the size of the investment but the market may not like the idea of a capital raising to fund the purchase. I guess that depends on the price, the % interest and how much debt they can get access too.

The other issue is how much growth is there in downstream oil?

[jonu]

I'm not sure of the numbers either, but they did just sell an airport, so maybe don't need to raise cash.