IFT - Infratil

[macduffy]

Rather surprising that Morrisons/IFT would be interested in another airport given their experiences with Prestwick and Manston. I suppose they know what they'e doing but then, I would have said that about P and M too!

[CJ]

How anyone could like Heathrow is beyond me. I fly to schipol , then take a flybe flight to Exeter , just so i can avoid going to Heathrow

I never had the trouble people complained about (always travelled carry on only) and being a kiwi on OE, lived in teh SW of London so it was closest. Getting to Stanstead would take me longer than most flights. Ironcially, one of the only flights I did take from Stanstead ( a charter flight), all 200 of us had to exit the plane and identify our bags as they had packed one more than the manifest said.

Rather surprising that Morrisons/IFT would be interested in another airport given their experiences with Prestwick and Manston. I suppose they know what they'e doing but then, I would have said that about P and M too!

They also own Wellington which is going ok.

[modandm]

wouldnt think stanstead would be a good buy. With ryanair the dominant player opportunity to ratcht fees as per wellington will not exist. I hope they know what they are doing on this one. Not a shareholder anymore anyway

[macduffy]

I see that Morrisons/Infratil are playing down their interest in Stansted - but then they would, I suppose!

I agree with modandm. Stansted isn't a quasi monopoly like Wellington airport - give or take the possibility of Paraparumu ever threatening its position - but more a regional airport heavily dependent on one particular airline. Not attractive therefore, IMO.

[macduffy]

Seems that IFT havn't given up interest in Stansted airport. Personally, I'd rather they concentrated on those "more convincing opportunities closer to home."

http://www.stuff.co.nz/business/indu...ext-UK-airport

[macduffy]

A recent snippet in the AFR speculated that Morrisons/Infratil were showing interest in EnviroWaste - NZ's second biggest waste management firm after Transpacific and whose assets include the Hampton Downs landfill. I can't find anything recent in NZ media but a NZ Herald article back in May raised the possibility of private equity owners Ironbridge Finance looking to sell either by trade sale or IPO.

Any thoughts out there?

[modandm]

1stly its Ironbridge Capital
a few thoughts come to mind:

1. IB must be looking for some realisations (haven't had many in fund II) so the firm Enviro could def be on the block

2. IB also own GRL and a few years ago lost the bidding for another big aussie waste co - idea to create a larger player and sell off

maybe they don't see more opportunities.

3. IB won't be selling cheap - it would be a fair price so unless IFT can access some more favourable debt at the parent level I feel it would be hard for the deal to add value for IFT shareholders.

[macduffy]

The Daily Telegraph reckons that Morrisons/Infratil have withdrawn from bidding for Stansted Airport after failing to obtain financial backing.

http://www.smh.com.au/business/world...109-2cfwi.html

[ScrappyO]

Some nice gains lately. Rumour in the nz herald about Z float. Anybody else have any thoughts on this?

[POSSUM THE CAT]

Scrappy O if was any good why would they want to sell it (Z)