IFT - Infratil

**Kelvin** · 13-06-2019, 05:44 PM

Originally Posted by mshierlaw

Bookbuild being completed tonight, I assume we get our new shares tomorrow.

18 June is the allotment date

**rainey** · 13-06-2019, 08:27 PM

Do we get an entitlement for the ones not taken up

**macduffy** · 13-06-2019, 08:45 PM

Originally Posted by rainey

Do we get an entitlement for the ones not taken up

No, they are sold via a bookbuild - amongst the instos, I presume. Net proceeds, and there should be something, to go to those who didn't take up their entitlements.

**kiora** · 13-06-2019, 08:51 PM

Originally Posted by rainey

Do we get an entitlement for the ones not taken up

Maybe able to get through your share broker ?

**BlackPeter** · 14-06-2019, 10:05 AM

Originally Posted by freddagg

Blackpeter, are you saying aluminium production is an unsustainable industry or just that the nz smelter is not sustainable

I was referring to the aluminium smelter in NZ. Does not make a lot of economical or environmental sense to transport aluminium ore over long distances (I think from Australia) to smelt them in NZ with taxpayer subsidised electricity and ship the product subsequently overseas - doesn't it?

**BlackPeter** · 14-06-2019, 10:06 AM

Originally Posted by bull....

blackpeter probably just annoyed never brought any , by the continued bearish commentary on the stock

You are wrong on both accounts - but that's not unusual

**winner69** · 14-06-2019, 11:09 AM

Rumour has it RetireAustralia getting closer to being hocked off.

**kiora** · 14-06-2019, 11:41 AM

Originally Posted by winner69

Rumour has it RetireAustralia getting closer to being hocked off.

I wouldn't be surprised
Well done IFT. Very quick & clean capital raise.Trading halt lifted promptly so there must have been plenty of interest.
Lets see what the road show next month has to say.
https://stocknessmonster.com/announc...ft.nzx-336002/